JV Participant definition

JV Participant means a Party to this JOA who also owns a Percentage Interest share of the Joint Venture. Apex Yapen, as Operator, is a Party to this JOA but is not a JV Participant;
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JV Participant and “JV Participants” means the Gibraltar Subsidiary, Cariboo and their respective successors or assigns.
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JV Participant has the meaning set forth in the Preamble.
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Examples of JV Participant in a sentence

  • In January 2011, Equal and JV Participant agreed that the farm-out agreement was terminated prior to JV Participant filing for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code.

  • Any notice given by the Study Funder under clause 25.4(c) is conclusive evidence that the JV Participant specified in the notice is the JV Participant that is in default and the notice binds all JV Participants.

  • If a JV Participant is in default of a Financial Obligation, and the Study Funder has not given notice to Aurizon Network identifying the defaulting JV Participant within five Business Days after the date of Aurizon Network giving a notice to the Study Funder identifying the default, all JV Participants will be jointly and severally liable for the performance of the Financial Obligation.

  • On March 18, 2011, Equal and JV Participant agreed to a 30 day stay of proceedings on the bankruptcy court’s conclusion.

  • Lewis to approve the following: Whereas, the Board of Commissioners entered into a contract with HDR Engineering Inc.

  • In March 2011, the bankruptcy court concluded that Equal retains ownership and control of the salt water disposal infrastructure and that Equal has the right to charge JV Participant for all salt water processed from the inception of each facility.

  • In December 2009 Equal delivered a notice of termination for non-performance under the terms of the farm-out agreement with JV Participant.

  • In April 2010, a notice of default was sent to JV Participant which accelerated the capital recovery amortization payments such that the entire receivable amount is due and payable.

  • Airaksinen KE, Ikäheimo MJ, Linnaluoto M, Tahvanainen KU, Huikuri HV.

  • Also, during 2010, property, plant and equipment was increased by $18.2 million as the result of the bankruptcy court ruling involving the JV Participant.


More Definitions of JV Participant

JV Participant means a Party to this JOA who also owns a Percentage Interest share of the Joint Venture. Apex Bengara, as Operator, is a Party to this JOA but is not a JV Participant; "JV Property" means the JV's Apex Bengara Shares; the Information; custody and control of all fixtures, machinery, equipment, constructions, physical assets, inventory and supplies acquired for the Joint Venture, subject to the provisions for Pertamina ownership of same as per the Bengara-II PSC, Section-X; and any other property or rights of any description, whether real or personal, acquired for the Joint Venture; "Indonesian Tax Laws", means all the current tax laws including all the appropriate regulations as amended and as currently in effect in the Republic of Indonesia which may affect the Joint Venture, the Operator, JV Activities, the Permit and Petroleum Operations within the Permit Area; "Majority Vote" means a resolution of the Committee having the affirmative vote of two or more unrelated Parties having aggregate Percentage Interests exceeding 65%;
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JV Participant means the Parties having a Participating Interest in the Joint Venture, and their respective heirs, successors and assigns.
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Related to JV Participant

  • CDS Participant means a participant in CDS that holds security entitlements in Units on behalf of beneficial owners of those Units;

  • Participant has the meaning specified in Section 10.06(d).

  • U.S. Participant means a Participant who is a citizen of the United States or a resident of the United States, as defined in section 7701(a)(30)(A) and section 7701(b)(1) of the Code and any other Participant who is subject to tax under the Code with respect to compensatory awards granted pursuant to the Plan;

  • Designated Participant means such employees or officers of the Company or a related entity of the Company as the Board may designate from time to time as eligible to participate in the Plan;

  • Plan Participant means a person who is eligible to receive, and is receiving, a pension benefit from the Plan.

  • Qualified Participant means a Participant who has attained age 55 and who has completed at least 10 years of participation in the Plan.

  • Program participant means an individual certified by the secretary as a program participant under Iowa Code section 9E.3.

  • Other Participant means a cooperative project participant other than the United States.

  • Former Participant means a person who has been a Participant, but who has ceased to be a Participant for any reason.

  • Terminated Participant means a person who has been a Participant, but whose employment has been terminated other than by death, Total and Permanent Disability or retirement.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Voting Participant has the meaning specified in Section 10.06(d).

  • Participating employee means an employee whose election to participate in a Plan has been approved by the employer.

  • Current Participant means a person who participated in the Plans during the Class Period and had an Active Account.

  • Section 162(m) Participant means any key Employee designated by the Administrator as a key Employee whose compensation for the fiscal year in which the key Employee is so designated or a future fiscal year may be subject to the limit on deductible compensation imposed by Section 162(m) of the Code.