Joint Venture Option Sample Clauses

Joint Venture Option. 1. MGC shall have a period of 120 days from the last of the following events to occur to elect to enter into a joint venture with Barrick with respect to the Properties:
Sample 1
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Joint Venture Option. LICENSOR shall have the option, [ ] of this Agreement, to participate in LICENSEE's business of manufacturing, marketing and selling of LICENSED PRODUCTS by providing LICENSEE written notice of its election to so participate. In the event LICENSOR exercises its option, this Sublicense shall terminate with effect upon start-up of business of the "Joint Venture". If LICENSOR exercises its option, the parties shall negotiate in good faith (I) the information of a limited liability company or such other form of business entity the parties may agree upon (the "Joint Venture") and (ii) all other terms and conditions of the Joint Venture. LICENSOR shall [ ] to the LICENSED MARKS and shall [ ]. LICENSEE will provide [ ].
Sample 1
Joint Venture Option. (a) Within 45 days following the earliest date on which Exploration Expenditures (defined below) incurred with respect to the Property after the date of this Deed total at least US$400,000 and include the performance of at least 1,200 meters of core drilling or 2,500 meters of reverse circulation drilling (or a proportionately equivalent combination of core and reverse circulation drilling), Grantor shall deliver to Newmont written notice thereof (an "Exploration Expenditures Notice"), which shall include an accounting of all Exploration Expenditures and all factual data relating to the Property not previously provided to Newmont.
Sample 1
Joint Venture Option. The Agreement is hereby amended to insert the following Section 4.6:
Sample 1
Joint Venture Option. If Parent so requests in writing (the "Venture Notice") prior to the fifteenth (15th) business day following the date on which FCC approval of the FCC Application with respect to the transfer of the FCC Licenses of television station KXAS- TV to an entity controlled by NBC shall have become final, then the Company, without the payment of any additional Merger Consideration, will take all actions necessary or reasonably advisable, including, without limitation, executing and performing its obligations under the definitive documentation which shall be in form and substance reasonably satisfactory to the Company, to implement prior to the Effective Time (i) a television station joint venture (the "Venture") involving certain assets owned by LIN Television of Texas, L.P. and certain assets owned by a subsidiary of National Broadcasting Company, Inc. ("NBC") and (ii) the financing thereof, in each case in the manner described in that certain Letter Agreement Regarding Proposed Television Station Joint Venture and Asset Sale, dated October 21, 1997 (the "Letter Agreement") among Parent and NBC, a true and complete copy of which has been provided to the Company. Promptly upon execution of this Amendment, the Company will cooperate with Parent in filing all materials necessary to obtain FCC approval in connection with the Venture, whether or not the Venture Notice has been delivered to the Company. The obligation of the Company to execute the definitive documentation relating to the Venture is expressly conditioned upon there being included in such documentation: (a) an indemnity substantially in the form set forth in Section 13 of the Letter Agreement and (b) an agreement setting forth the mechanism for the unwind of the Venture, substantially in the form set forth in Section 13 of the Letter Agreement. Upon written request of Parent, the Company agrees to waive the condition to closing set forth in Section 6.1(c) with respect to the transfer of the FCC Licenses pertaining to the ownership and operation of the television station KXAS-TV by an entity controlled by NBC. In connection with the Letter Agreement, the Company has been provided with a true and complete copy of NBC's consent, pursuant to the Network Agreements between the Company and/or its affiliates and NBC and/or its affiliates (the "NBC Network Agreements"), to the transfer of control of the FCC Licenses of the Company Stations covered by such Network Agreements to Parent or its affiliate upon consum...
Sample 1
Joint Venture Option. VERTEX may propose that the parties enter into a worldwide joint venture or other mutually agreeable form of collaborative arrangement ("Joint Venture") that involves [***********] sharing of costs and profits, to develop, manufacture and commercialize the Subsequent Drug Candidate or Second Opportunity Candidate. The party or parties performing development activities, or providing manufacturing and marketing to the Joint Venture, will be entitled to recovery from the Joint Venture of their associated development costs, Manufacturing Cost and marketing costs with respect to those services. The parties will share leadership of the Joint Venture as may be agreed at the time of its organization. The specific terms and conditions of the Joint Venture will be discussed and agreed between the parties prior to the exercise by NOVARTIS of its Development Election with respect to the Drug Product Candidate to which the Joint Venture proposal relates. Nothing in this Section 7.4.2 shall be interpreted to require NOVARTIS to exercise its Development Election if the parties do not come to agreement on the specific terms of the proposed Joint Venture.
Sample 1
Joint Venture Option. Newmont shall have the option to enter into a joint venture, as described below (the "Joint Venture Option") on all Alliance Property, and each Royalty Deed granted to Newmont on an Alliance Property shall include a grant to Newmont of the Joint Venture Option. If Newmont elects the Joint Venture Option, Solitario and Newmont shall, within 90 days of Newmont's delivery of such notice, negotiate in good faith and enter into a joint venture agreement, which will generally follow the form of Rocky Mountain Mineral Law Foundation, Form 5 (the "Joint Venture Agreement").
Sample 1
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Related to Joint Venture Option

  • Joint Venture Agreement The shareholder entity designated by each ASEAN country shall negotiate and conclude, as soon as possible, a joint Venture Agreement acceptable to Malaysia and the Parties, for the setting up of an ASEAN Urea Project in Malaysia. Such joint Venture Agreement shall set out among others: The name and capital structure of the joint Venture company; Constitution of the Board of Directors of the joint Venture company: Protection of minority interests; Scope of the project and its financing.

  • No Joint Venture or Partnership Borrower and Lender intend that the relationship created hereunder be solely that of borrower and lender. Nothing herein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Collateral other than that of secured party, mortgagee or lender.

  • Joint Venture Nothing contained in this Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

  • Joint Venture, Consortium or Association 6.1 If the Supplier is a joint venture, consortium, or association, all of the parties shall be jointly and severally liable to the Procuring Entity for the fulfilment of the provisions of the Contract and shall designate one member of the joint venture, consortium, or association to act as a leader with authority to bind the joint venture, consortium, or association. The composition or the constitution of the joint venture, consortium, or association shall not be altered without the prior written consent of the Procuring Entity.

  • No Joint Venture Nothing contained in this Agreement (i) shall constitute the Administrator and either of the Issuer or the Owner Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others.

  • No Joint Venture or Partnership; No Third Party Beneficiaries (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Property other than that of mortgagee, beneficiary or lender.

  • Joint Ventures The joint venture or partnership arrangements in which the Company or the Partnership is a co-venturer or general partner which are established to acquire or hold Assets.

  • No Partnership, Joint Venture or Agency Nothing in this Investment Agreement shall be deemed to create a partnership, joint venture, association, agency, trust, or employer- employee relationship and no Party shall be authorized to hold itself out or to act as the agent or employee of any other Party for any purpose whatsoever.

  • Not a Joint Venture Nothing in the Contract shall be construed as creating or constituting the relationship of a partnership, joint venture, (or other association of any kind or agent and principal relationship) between the parties thereto. Each party shall be deemed to be an independent contractor contracting for goods and services and acting toward the mutual benefits expected to be derived herefrom. Neither Contractor nor any of Contractor's agents, servants, employees, subcontractors or contractors shall become or be deemed to become agents, servants, or employees of the State. Contractor shall therefore be responsible for compliance with all laws, rules and regulations involving its employees and any subcontractors, including but not limited to employment of labor, hours of labor, health and safety, working conditions, workers' compensation insurance, and payment of wages. No party has the authority to enter into any contract or create an obligation or liability on behalf of, in the name of, or binding upon another party to the Contract.

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

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