Examples of JV Territory in a sentence
For only as long as a JV Entity does not distribute any such Lorenz products in a part of the JV Territory or ceases to do so, Lorenz shall be free to market, sell and distribute such products directly or through distributors in such part of the JV Territory and Section 10.1 shall not apply to Lorenz marketing or selling such products.
Subject to this Section 10.2, this Agreement shall not limit or restrict Biomet's right to manufacture, market and sell, directly or through distributors or Affiliates, products in the JV Business Field (i) in the Export Territory concurrently with the JV Entities, and (ii) anywhere else in the world outside the JV Territory and the Export Territory.
Subject to any agreement binding on any JV Entity, Biomet (or any of its Affiliates) may at any time after the Closing Date by written notice to the JV Partnership, undertake the distribution of any JV Product in any country outside of the JV Territory on terms that are no less favorable to the JV Partnership than those available from unrelated distributors of such product in such country.
If, as of the date of this Agreement, any JV Entity markets or sells in the JV Territory any product manufactured or sold by Lorenz, such JV Entity may continue to market or sell such product in the JV Territory for a period of two (2) years after the Closing Date.
No JV Entity will market or sell any products in the JV Business Field in any country outside the JV Territory that is not part of the Export Territory for that product without Biomet's prior written approval.
Walbro will provide all of its FDS technology to the JV via a license (the "Walbro License"), substantially in the form of EXHIBIT 5.2, which will be exclusive in the JV Territory (except for the Ford Motor Company and General Motor Corporation licenses to produce for their own use, as such licenses may be renewed or extended from time to time).
The designated market for the JV (the "JV Territory") will be India.
If the above purchase or sale options are not exercised by either Party as provided, the Parties will use their best efforts to dissolve the JV and wind up its affairs in a manner designed to preserve the interests of both Parties in the JV Products in JV Territory.
The purpose of the JV will be to develop, manufacture and market FDS and component elements thereof to the JV Territory as described in SECTION 1.4 below.
The JV will be responsible for the sale of all SU products to its customers in the JV Territory.