Permitted Joint Venture definition
Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.
Permitted Joint Venture means any investment in any Joint Venture where:
Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Issuer or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.
Examples of Permitted Joint Venture in a sentence
The Issuer shall use its best endeavours to procure that neither Bioeq AG nor (other than by way of such shareholder loans referred to in paragraph (b) of the definition of “Permitted Joint Venture”) any Permitted Joint Venture incurs any Financial Indebtedness after the Issue Date.
More Definitions of Permitted Joint Venture
Permitted Joint Venture means, with respect to any Person at any time, any corporation, partnership, limited liability company or other business entity (1) of which at least 20%, but not more than 50%, of the Voting Stock is at the time owned or controlled, directly or indirectly, by such Person or one or more of the Restricted Subsidiaries (other than a Receivables Subsidiary) of that Person and (2) whose primary business constitutes or is reasonably expected to constitute at such time a Permitted Business.
Permitted Joint Venture means any Person owned 50% or more by the Company and/or any of its Restricted Subsidiaries if (A) such Person is engaged in a business related to that of the Company or any Restricted Subsidiary and (B) the Company or any of its Restricted Subsidiaries has the right to appoint at least half of the Board of Directors of such Person.
Permitted Joint Venture means any joint venture (which may be in the form of a limited liability company, partnership, corporation or other entity) in which the Company or any of its Restricted Subsidiaries is a joint venturer; provided, however, that the joint venture is engaged solely in a Permitted Business.
Permitted Joint Venture means any Person engaged in business of the type described in Section 8.08 of which the Borrower shall own, directly or indirectly, 50% or more, but less than 100%, of the equity and voting interests and another Person (or group of Persons which acts together in relation to such Permitted Joint Venture) owns the remaining equity and voting interests.
Permitted Joint Venture means any joint venture that the Company or any of its Restricted Subsidiaries is a party to that is engaged in a Permitted Business.
Permitted Joint Venture means, with respect to any Person:
Permitted Joint Venture means any agreement, contract or other arrangement between the Issuer or any Restricted Subsidiary and any person that permits one party to share risks or costs, comply with regulatory requirements or satisfy other business objectives customarily achieved through the conduct of a Similar Business jointly with third parties.