Other Cooperation definition

Other Cooperation. Either Party or any affiliate thereof (affiliate means a company or corporation which either Party controls more than 50% of its voting right, hereinafter "Affiliate") may enter into contracts or agreements with the JV Company and otherwise enter into transactions or dealings with the JV Company on an arm's length equivalent basis and derive and retain profits therefrom, provided that any such contact or agreement or other transaction or dealing is approved by the Board of Directors of the JV Company (hereinafter "Board of Directors") which consists of directors appointed by both Parties in accordance with the provisions of this Agreement. The validity of any such contract, agreement, transaction or dealing or any payment or profit related thereof or derived therefrom, shall not be affected by any relationship between the JV Company and such Party or any of its Affiliates.
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Examples of Other Cooperation in a sentence

  • With respect to the Other Cooperation, the Executive shall be required to spend no more than five (5) business days per month for such activities and services, provided that such services shall not be required to be rendered by the Executive to the Corporation after July 8, 2001.

  • In consideration of the benefits payable under this Section 2, the Executive hereby agrees to cooperate with the Corporation in all reasonable respects with litigations and other actions ("Litigation Cooperation") and, at the request of the Corporation, and upon prior reasonable notice, provide sales and marketing support and advice and other support ("Other Cooperation") in connection with the Corporation's business operations and strategic direction.

  • The Licensing Arrangement commences from the date of the Strategic Cooperation Agreement and ends at the termination of the Cooperation Smartphones cooperation or the Other Cooperation Smart Hardware cooperation, whichever is later.

  • Once the quantity of the first Other Cooperation Smart Hardware sold reaches a specified quantity (the “Other Cooperation Smart Hardware Commencement Date”), the Company shall pay Meitu a fifteen percent (15%) gross profit share for each Other Cooperation Smart Hardware sold (including the Other Cooperation Smart Hardware already sold before the Other Cooperation Smart Hardware Commencement Date), for a period of 30 years after the Other Cooperation Smart Hardware Commencement Date.