JVCo Sample Clauses

JVCo. JVCo is duly organized, validly existing and in good standing under the laws of Delaware. JVCo is qualified to do business and is in good standing as a foreign Person, as the case may be, in each jurisdiction in which the ownership of its properties and the nature and extent of the activities transacted by it makes such qualification necessary. JVCo has full corporate power and corporate authority to carry on its business, to own and use the properties owned and used by it and to perform its obligations under this Agreement.

JVCo. (a) The financial needs of the JVCO shall be borne by the Parties in accordance with the approved Business Plan and pro rata to their share holdings in the JVCO either by way of direct investment or by providing a loan (carrying an agreed interest) to the JVCO. (b) If only one shareholder is keen to contribute then it would lead to a dilution of the other shareholder. (c) Dividends will be distributed between the Parties pro rata to their share holdings and subject to the JVCO's Board resolutions.

JVCo. The Parties hereby associate themselves as an incorporated joint venture under the name of NSN-ACE JOINT VENTURE SDN BHD for the purpose of performing all the contracts along with any amendment(s) or supplement(s) thereto or modification(s); NSN Global shall be responsible for the supervision, to administer the full compliance and continuous operation as per the JVA, management and control of matters pertaining to the performance of the Contracts subject to the approval, direction or instruction of the Management Committee (the “MC”) For the purposes of establishing the Joint Venture policy and expediting decisions and approvals, it is hereby establish that a MC consisting of four (4) members as follows:- (a) two (2) nominated by Ace Green; and (b) two(2) nominated by NSN Global. The shareholding structure of the JVCo shall be held as follows:- Initial paid-up capital is RM100,000/- comprising 100,000 ordinary shares:- Shareholders Ordinary Shares / (%) (a) Ace Green 51,000 (51%) (b) NSN Global 49,000 (49%) The Shareholders‟ Representatives are as follows:- i) From the Ace Green : Mohd Yusri Bin Md Yusof ii) From the NSN Global : Nik Mohammad Azli Bin Nik Ariffin

JVCo. JVCo was incorporated in Jersey, Channel Islands as a private limited company on 22 June 2012. The authorised share capital of the JVCo is £500,000 comprising 40,000,000 ordinary shares of one ▇▇▇▇▇ (£0.01) each (“JVCo Shares”) and 10,000,000 preference shares of one ▇▇▇▇▇ (£0.01) each. Pursuant to the SSA, on the date when the deposit is payable by the Project Company under the terms of the Contract, the Parties shall each subscribe to their respective JVCo Shares in the agreed proportion (“Agreed Proportion”) as follows: SIL 40% SDPL 40% KGDL 20%