The Joint Venture Sample Clauses

The Joint Venture. Company shall procure that whichever of the Ship Manager and the Corporate Services Provider which is then responsible for such task prepares a draft budget, which shall be ready not later than 1 November in the year preceding that to which it relates.

The Joint Venture. Company shall adopt a labor contract system. The wages, welfare, labor insurance and other rights and obligations of working personnel and Management Personnel shall be regulated through individual or group labor contracts.

The Joint Venture. 8.1 Formation of Joint Venture SECTION 9. -

The Joint Venture. Subsidiary Borrower hereby represents, warrants, covenants and agrees at all times during the term of this Assignment as follows: a. That the Joint Venture Subsidiary Borrower will perform and observe faithfully and punctually all obligations, terms, covenants, and conditions set forth in the Loan Documents; b. That, as of the date hereof, the amount listed on Schedule C as "Principal Outstanding," "Interest Accrued," and "Total" for each Receivable is correct, and there are no offsets, defenses or claims by any payor or indorser under any Receivable which would affect such amounts or the enforceability of any of the Receivables against any payor, indorser, or guarantor; c. That the Joint Venture Subsidiary Borrower is the sole owner of and has not and will not sell, assign, transfer, mortgage, encumber or pledge all or any portion of its interest in any of the Proceeds or the Receivables to any person or entity other than the Administrative Agent; d. That the Joint Venture Subsidiary Borrower will not cancel, amend, alter, modify, renew, extend, renegotiate, or terminate any of the Receivables or Agreements without the prior written consent of the Administrative Agent, so as to materially and adversely affect the Proceeds; provided, however, that, prior to the occurrence of any Default, the Joint Venture Subsidiary Borrower may, without such consent, make or agree to any amendment or modification that the Joint Venture Subsidiary Borrower reasonably believes is in the best interest of the Joint Venture Subsidiary Borrower and does not materially affect its ability to make payments required to be made to the Administrative Agent under the Loan Documents; e. That the Joint Venture Subsidiary Borrower will take no action associated with the cancellation, modification, amendment, alteration, renewal, extension, renegotiation, or termination of any other contract or renegotiation, or termination of any other contract or agreement of any nature which would, directly or indirectly, affect the payment terms, amount due, or enforceability of any Receivables or the Proceeds; provided, however, that, prior to the occurrence of any Default, the Joint Venture Subsidiary Borrower may, without such consent, make or agree to any amendment or modification that the Joint Venture Subsidiary Borrower reasonably believes is in the best interest of the Joint Venture Subsidiary Borrower and does not materially affect its ability to make payments required to be made to the Admin...

The Joint Venture. 3.1. As soon as reasonably practicable after the effective date of this Agreement, PSI and the TCG Designee shall cooperate to establish the EJV in such jurisdiction and in such form as they may deem appropriate for the purposes of the EJV, PSI and the TCG Designee, and in accordance with such jurisdiction's applicable law. 3.2. The organizational documents of the EJV shall be as agreed by PSI and the TCG Designee, and PSI and the TCG Designee shall cause such documents to be

The Joint Venture. 7.1 If Silver Quest exercises the Option as set out in Section 3, then a Joint Venture will be automatically formed between North Bay and Silver Quest with respect to the Property in accordance with Section 7.2 and the Property shall automatically become a Joint Venture Asset. 7.2 If a Joint Venture is formed pursuant to Section 7.1, the initial terms of the Joint Venture agreement shall be as set out in Schedule “B” attached to this Agreement. Any issues that arise in the course of the Joint Venture activities prior to completion of a formal joint venture agreement in substantially the form referenced in the Continuing Legal Education of British Columbia Mining Law Materials of June 1999 (“CLE JV”) which are not covered by Schedule “B” shall be governed by the terms contained in the form of the CLE JV, however, the terms of Schedule “B” shall prevail in the event of any inconsistency with the form of the proposed CLE JV until the CLE JV is completed and executed. 7.3 Cumulative Expenditures, if any, in excess of $1,500,000, up to a maximum of $100,000, which have been committed or incurred by Silver Quest at the time of formation of the Joint Venture will be deemed to have been approved as Joint Venture programs under the Joint Venture and North Bay will pay or reimburse Silver Quest its pro rata share of such excess Expenditures. 7.4 North Bay acknowledges that Silver Quest holds other mineral rights in the vicinity of the Property, and further, has an active and on-going program to acquire additional mineral rights in the vicinity of the Property, including mineral rights in the vicinity of the Property. North Bay agrees that there is no “Area of Interest” concept applicable to the Property, this Agreement or the Joint Venture and that it has no right to acquire an interest in any mineral rights now held or subsequently acquired by Silver Quest, whether by staking, joint venturing, purchasing or otherwise, that are contiguous to or in the vicinity of the Property.

The Joint Venture. Business Scope

The Joint Venture. 7.1 If ASX exercises the Option as set out in Section 3, then, as of the exercise date of the Option, a Joint Venture will have been formed between TXR and ASX with respect to the Property in accordance with the terms set out in Schedule "C". The Property shall thereupon become a Joint Venture Asset.

The Joint Venture. 2.01 Subject to the terms of the Resolutions and Letter of Intent, IMOT and the Investors shall promote the JV Company as a joint venture between them. 2.02 The JV Company shall continue to carry on the business of Chinae, or such variation, extension or limitation of those activities as may be made from time to time in accordance with this Agreement. 2.03 IMOT undertake and agree to exercise the best endeavours to approve and/or assist the spin off the Chinae and the listing of the JV Company in OTCBB. 2.04 The parties expressly agreed that the post-restructure of IMOT will be as set out in Annexure “A” herein.