JV Member definition
Examples of JV Member in a sentence
Guarantor shall, and shall cause the JV Member with whom it is Affiliated to, cause Obligor to preserve, renew and keep in full force and effect its organizational existence and good standing in its jurisdiction of formation and maintain and renew all of the powers, licenses, rights, privileges and franchises necessary for its performance of the Agreement and in the normal conduct of its business.
Guarantor shall not, and shall cause JV Member with whom it is Affiliated not to, seek or voluntarily consummate any liquidation, bankruptcy, dissolution or reorganization of Obligor.
The Company shall have one Managing Member, which shall initially be JV Member.
BR JV Member is the owner and holder of 50% of the limited liability company interests in Village Green Titleholder, which is the fee simple owner and holder of the Village Green Property.
The JV Member Credit Party shall guaranty JV Member’s indemnification obligations under this Section 3.07(e).
KBS and JV Member shall use good faith commercially reasonable efforts to cause all such amounts to be reimbursed hereunder to be included in the Company’s final escrow closing statement for the acquisition of the Project.
JV Member is hereby designated as the managing member (the “Managing Member”) of the Company and shall serve as the Managing Member of the Company unless and until it resigns or is removed pursuant to Section 2.06.
General Construction Experience: Experience under the Construction Contracts in the role of prime contractor, JV Member or Management Contractor for at least the last 5 years.
BR Waterford JV Member is the owner and holder of a 60% limited liability company interest in Waterford Titleholder, which is the fee simple owner and holder of the Waterford Property.
JV Member will cooperate in good faith with Co-Managing Member in the exercise by Co-Managing Member of the foregoing rights and actions hereunder.