SALIENT TERMS OF THE JV AGREEMENT Sample Clauses

SALIENT TERMS OF THE JV AGREEMENT. 2.2.1 Structure of the JV Company and Equity Participation Sanichi and PDZ have agreed that within thirty (30) days of the execution of the JV Agreement, a JV Company shall be formed with an issued share capital of RM1,000.00 only comprising 1,000 ordinary shares to be held by the Parties in the following proportion: Shareholders Number of Shares Percentage of Shareholding Sanichi 600 60% PDZ 400 40% Total 1,000 100% Within three (3) months from the execution of the JV Agreement, the issued share capital of the JV Company shall be increased to RM22,500,000.00 comprising 22,500,000 ordinary shares to be held by the Parties as follows: Shareholders Number of Shares Percentage of Shareholding Sanichi 13,500,000 60% PDZ 9,000,000 40% Total 22,500,000 100% Sanichi shall subscribe for the abovementioned shares by transferring the ownership of the Land to the JV Company with the market value of not less than RM13,500,000.00. In the event that the Land is not available to be injected into the JV Company, Sanichi covenants and undertakes with PDZ to subscribe for all the shares in its proportion for cash, payable upon allotment. PDZ shall subscribe for the shares by cash which is payable upon allotment.
Sample 1
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SALIENT TERMS OF THE JV AGREEMENT. (i) The Board of the JV Company shall consist of at least two (2) members, one (1) Director each appointed by FMGLV and CNL or such number of members in proportionate to their respective shareholdings.
Sample 1
SALIENT TERMS OF THE JV AGREEMENT. The Owner is the beneficial owner of all those piece of Land. The existing category of the said Land is “Building”. The Developer has agreed to undertake the development of the Land jointly with the Owner upon the terms and conditions as contained in the JV Agreement. The Owner has agreed to accept the proposal of the Developer to develop the Land and the Developer has agreed to develop the Land.
Sample 1
SALIENT TERMS OF THE JV AGREEMENT. JVA shall commence on the date first written above and remain in full force and effect for an initial period of 10 Years (the “Initial Term”). At the end of the Initial Term, JVA will automatically renew in one year increments (each, a “Renewal Term”), unless and until JVA is terminated.
Sample 1
SALIENT TERMS OF THE JV AGREEMENT. The JV Agreement signed is aimed to provide a basic framework of collaboration among Tri-Mode, OFS and LTTA (collectively known as “JV Parties”) to provide logistics services in Vietnam.
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SALIENT TERMS OF THE JV AGREEMENT 
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