Formation of Venture Sample Clauses

Formation of Venture. The Manager and the Members hereby form a limited liability company pursuant to the provisions of the Act, and the rights and liabilities of the Members shall be as provided in the Act except as herein otherwise expressly provided.

Formation of Venture. The Venturers hereby join in and form a joint venture (herein referred to as the "Venture") to operate and develop the Project.

Formation of Venture. On June 9, 2004, Constellation formed Venture under the name “Triple Wines, LLC,” a Delaware limited liability company. On the date hereof, Venture is a wholly-owned indirect subsidiary of Constellation, and a wholly-owned direct subsidiary of Franciscan. Venture shall not, and Constellation shall cause Venture not to, conduct any business or incur any indebtedness or other liabilities prior to the Closing Date, except as otherwise approved by each party as set forth in Section 3.8.

Formation of Venture. The Venture will be organized as a limited -------------------- liability company or a joint stock corporation, as shall be mutually determined by the parties, under the laws of South Korea.

Formation of Venture. The Company and ConAm, or their respective affiliates, shall enter into a Venture in the form of and pursuant to a joint venture, partnership, limited liability company or other legally recognized entity formation agreement, the legal form of which entity shall be agreed upon by the parties (the "Governing Agreement") for the acquisition, development, renovation and management of the Redevelopment Project. Each Governing Agreement shall contain such terms as may be agreed upon by the parties; provided, however, the following terms contained in this Article V shall be included in each Governing Agreement:

Formation of Venture. Venturers hereby enter into and establish a Florida joint venture (the "Venture"), to be known as the SAVANNAH OAKS Joint Venture (hereinafter referred to as "Savannah Oaks") for the purposes set forth in this Agreement. The term of the Venture shall be from the date hereof through and including a date sixty (60) months from the date of this Agreement, unless mutually extended or sooner terminated as provided in this Agreement, or until all or substantially all of the lands and other property of the Venture shall have been sold or otherwise transferred and conveyed, whichever occurs first. The parties hereto shall file a Fictitious Name Affidavit to reflect the name of this Venture and the parties therein.

Formation of Venture. Redneck and Pigs hereby form the venture as a Joint venture under the laws of the State of Florida, pursuant to this instrument, for the purposes herein set forth.

Formation of Venture. CLOSING; RELATED TRANSACTIONS 25 Section 2.1 Formation of Company 25 Section 2.2 Transactions Prior to the Closing 25 Section 2.3 Time and Place of the Closing 27

Formation of Venture. The Venture will be organized as a limited -------------------- liability company under the laws of the State of California. The parties intend that the terms of the limited liability company be sufficient to qualify to be taxed as if the Venture were a partnership. Consequently, the Venture will have limited transferability of interests (as described below) and a limited life (terminating on the 50th anniversary of its organization).