Qualified joint venture agreement definition

Qualified joint venture agreement means a joint venture between one or more MBEs, WBEs, and/or EBEs and another person, in which the percentage of profit or loss to which the certified firm or firms is entitled or exposed for participation in the contract, as set forth in the joint venture agreement, is at least 25% of the total profit or loss.
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Qualified joint venture agreement means a (x) joint venture agreement entered into prior to the date hereof and described in Schedule K, (y) any joint venture agreement relating to a Value Add Pool Property entered into pursuant to Section 2.3, and (z) a joint venture agreement hereafter entered into pursuant to Section 6.3(b) that (i) provides Lender with the right to force a sale or similar liquidation of the assets of the joint venture following a foreclosure or transfer-in-lieu of foreclosure on the equity interests pledged to Lender subject to customary rights of first offer or appraisal sale or other similar rights reasonably acceptable to Lender, (ii) provides to Borrower or its Affiliate (and, after a foreclosure or transfer-in-lieu of foreclosure on the equity interests pledged to Lender subject to customary rights of first offer, appraisal sale or other similar rights reasonably acceptable to Lender, provides to Lender) the right to control the joint venture, subject to customary major decisions, (iii) provides that distributions of operating revenues, capital proceeds and all other income of the applicable Properties, to the extent available for distribution, shall be made to the equityholders in proportion to their respective equity interests, and (iv) is otherwise acceptable to Lender in its reasonable discretion.
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Qualified joint venture agreement means a joint venture between
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More Definitions of Qualified joint venture agreement

Qualified joint venture agreement means a (x) joint venture agreement entered into prior to the date hereof and described in Schedule K, (y) any joint venture agreement relating to a Value Add Pool Property entered into pursuant to Section 2.3, and (z) a joint venture agreement hereafter entered into pursuant to Section 6.3(b) that (i) provides Senior Mezzanine Lender with the right to force a sale or similar liquidation of the assets of the joint venture following a foreclosure or transfer-in-lieu of foreclosure on the equity interests pledged to Senior Mezzanine Lender subject to customary rights of first offer or appraisal sale or other similar rights reasonably acceptable to Senior Mezzanine Lender, (ii) provides to Borrower or its Affiliate (and, after a foreclosure or transfer-in-lieu of foreclosure on the equity interests pledged to Senior Mezzanine Lender subject to customary rights of first offer, appraisal sale or other similar rights reasonably acceptable to Senior Mezzanine Lender, provides to Senior Mezzanine Lender) the right to control the joint venture, subject to customary major decisions, (iii) provides that distributions of operating revenues, capital proceeds and all other income of the applicable Properties, to the extent available for distribution, shall be made to the equityholders in proportion to their respective equity interests, and (iv) is otherwise acceptable to Lender in its reasonable discretion.
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Related to Qualified joint venture agreement

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • Joint Venture Agreements means the Organization Documents of any Joint Venture existing from time to time.

  • Eligible joint venture means an association of one or more small business enterprises in combination with one or more veteran-owned business enterprises, proposing to perform as a single for-profit business enterprise, in which each joint venture partner contributes property, capital, efforts, skill and knowledge. Joint ventures must have an agreement in writing specifying the terms and conditions of the relationship between the partners and their respective roles in the contract.

  • 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.

  • Company Joint Venture means, with respect to the Company, any corporation or other entity (including partnerships, limited liability companies and other business associations and joint ventures) in which the Company, directly or indirectly, owns an equity interest that does not have voting power under ordinary circumstances to elect a majority of the board of directors or other person performing similar functions but in which the Company has rights with respect to the management of such Person.

  • Permitted Joint Ventures means one or more joint ventures formed (a) by the contribution of some or all of the assets of the Company’s or a Permitted Affiliate Parent’s business solutions division pursuant to a Business Division Transaction to a joint venture formed by the Company, a Permitted Affiliate Parent or any of the Restricted Subsidiaries with one or more joint venturers and/or (b) for the purposes of network and/or infrastructure sharing with one or more joint venturers.

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Amalgamation Agreement means the Amalgamation Agreement dated as of June 26, 2020 among Cybin, Clarmin and Subco relating to the Amalgamation, as amended on October 21, 2020, a copy of which is available under the Company’s profile on the SEDAR website at www.sedar.com.

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Permitted Joint Venture Investment means, with respect to an Investment by any specified Person, an Investment by such specified Person in any other Person engaged in a Permitted Business (a) over which the specified Person is responsible (either directly or through a services agreement) for day-to-day operations or otherwise has operational and managerial control of such other Person, or veto power over significant management decisions affecting such other Person and (b) of which at least 30% of the outstanding Equity Interests of such other Person is at the time owned directly or indirectly by the specified Person.

  • Cooperation Agreement means that certain Mortgage Loan Cooperation Agreement, dated as of the Closing Date, among Borrower, Lender and Sponsor, as the same may from time to time be amended, restated, replaced, supplemented or otherwise modified in accordance herewith.

  • JV Agreement each partnership or limited liability company agreement (or similar agreement) between a North American Group Member or one of its Subsidiaries and the relevant JV Partner as the same may be amended, restated, supplemented or otherwise modified from time to time, in accordance with the terms hereof.

  • Joint Venture (JV means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • Collaboration Agreement has the meaning set forth in the Recitals.

  • Formation Agreement has the meaning attributed to it in Recital A;

  • Combination Agreement has the meaning in the recitals hereto.

  • Joint Venture Entity means any Joint Venture, any Wholly-Owned Subsidiary of a Joint Venture or any JV Subsidiary.

  • Asset Transfer Agreement means the asset transfer agreement dated September 12, 2014 between Centurion Real Estate Opportunities Trust and Centurion Apartment REIT pursuant to which Centurion Apartment REIT seeded the initial portfolio of Centurion Real Estate Opportunities Trust.

  • Affiliation Agreement means any agreement between the Company or any of its Restricted Subsidiaries and a distributor pursuant to which such distributor agrees, among other things, to distribute and exhibit to its subscribers programming of the Company or such Restricted Subsidiary, as the case may be.

  • Diversion agreement means a mechanism designed to hold a child accountable for his or her behavior and, if appropriate, securing services to serve the best interest of the child and to provide redress for that behavior without court action and without the creation of a formal court record;

  • Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. It is about sharing risk with others and providing one or more missing and needed assets and competencies.

  • Co-operation Agreement means an agreement relating to compensation arrangements in the form of the relevant template Co-operation Agreement being:

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Subsidiary Joinder Agreement means a joinder to this Agreement, substantially in the form of Exhibit C.

  • Divestiture Agreement means any agreement between Respondents and an Acquirer (or a Divestiture Trustee appointed pursuant to Paragraph III of this Order and an Acquirer) and all amendments, exhibits, attachments, agreements, and schedules thereto, related to any of the Assets To Be Divested that have been approved by the Commission to accomplish the requirements of this Order. The term “Divestiture Agreement” includes, as appropriate, the Associated Food Stores Divestiture Agreement, the AWG Divestiture Agreement, the Haggen Divestiture Agreement, and the Supervalu Divestiture Agreement.