Withdrawal From Joint Venture Sample Clauses

Withdrawal From Joint Venture. (a) Either Yukon Gold or Hinton (the "Withdrawing Party") xxx, xt any time during the currency of the Joint Venture, voluntarily withdraw from the Joint Venture and forfeit its right, title and interest in and to the Property and its rights under this Agreement by giving written notice of such withdrawal to the other party (the "Remaining Party"), which notice shall indicate an effective date for such withdrawal of not earlier than 90 days subsequent to the delivery of such notice. In such event, subject to section 3.6(b).
Sample 1
AutoNDA by SimpleDocs
Withdrawal From Joint Venture. 16.1 Right of Withdrawal and Mechanics ……………………………………….
Sample 1
Withdrawal From Joint Venture. South Shore shall have duly withdrawn as a member and participant in the Care Management Network Joint Venture under that certain Operating Agreement, dated as of September 12, 2012.
Sample 1
Withdrawal From Joint Venture. A party may, by giving thirty (30) days’ notice in writing to the other party, withdraw from the Joint Venture and if the participating interest of a party reduces by dilution, assignment or any other means to less than five percent (5%), then that party shall be deemed to have withdrawn from the Joint Venture (each such party the “Withdrawing Party”). Upon a withdrawal from the Joint Venture, unless otherwise provided in the Mining Venture Agreement, the Withdrawing Party shall forfeit absolutely to the other party (and if more than one other party, pro rata in proportion that the respective participating interests of the non-withdrawing parties bear to each other) all of its participating interest. Any withdrawal from the Joint Venture is without prejudice to any rights or obligations of the parties arising before the withdrawal, and any forfeiture of a participating interest in the Joint Venture shall not be or be taken as satisfaction, wholly or partly, of the obligations of the Withdrawing Party before the withdrawal, in particular, the obligation to fund the Joint Venture’s payment of liabilities and obligations which accrue or arise before the withdrawal. The Joint Venture shall pay to the Withdrawing Party a net profits interest equal to five percent (5%) of the Joint Venture’s net profits from the production of minerals from the Property as defined in the Mining Venture Agreement (the “Net Profits Interest”). The Net Profits Interest shall terminate on the Withdrawing Party’s receipt of an amount equal to the total of its actual contributions and deemed contributions, as applicable, to the Joint Venture. The holder of Net Profits Interest shall have no right, title or interest in the Joint Venture’s assets, nor shall the holder of a Net Profits Interest have any right to administer or manage the affairs of the Joint Venture.
Sample 1
Withdrawal From Joint Venture. A Shareholder may elect to withdraw from the Joint Venture by giving notice to the other Shareholder of the effective date of withdrawal, which shall be the later of the end of the then current Program period or 30 days after the date of the notice. Subject to the foregoing sentence, 60 days following the withdrawal by a Shareholder, the withdrawing Shareholder shall be deemed to have Transferred to the remaining Shareholder all of its Shares. The withdrawing Shareholder shall execute and deliver all instruments as may be necessary in the reasonable judgement of the other Shareholder to effect the transfer of its Shares in Salu Siwa to the other Shareholder. If within a 60 day period both Shareholders elect to withdraw, then the Joint Venture shall instead be deemed to have been terminated by the written agreement of the Shareholders pursuant to Section 18.1 and the Parties shall proceed to take all necessary action to dissolve (i) Salu Siwa in accordance with Australian Corporate Law and any other applicable law; and (ii) PT Masmindo in accordance with Indonesian Corporate Law and any other applicable law. [Note to draft: transfer price issues to be considered]
Sample 1
Withdrawal From Joint Venture. If either Joint Venturer withdraws from the ------------------------------ Joint Venture, prior to its expiration in accordance with Subsection 19(B)(2) or if an event described in Subsection 19(B)(1) occurs, then the non-withdrawing or non-defaulting Joint Venturer, as the case may be shall be permitted to proceed with the operation and distribution of the existing Supplement; provided, however, in any event the Daily News shall have no continuing rights in, and shall promptly discontinue all use of the name "BET Weekend". In the event that BET is the withdrawing or defaulting Joint Venturer, BET shall not use the name "BET Weekend" for a period of twelve (12) months from the date of termination of the Joint Venture. Notwithstanding the foregoing, the withdrawing or defaulting Joint Venturer shall be responsible for all liabilities of the Joint Venture incurred through dissolution as provided in Subsection 20(A)(1), (2) and (3) before such party's withdrawal or default (and, in the case of a defaulting Joint Venturer, all liabilities arising from such default). No amount shall be distributed to the withdrawing or defaulting Joint Venturer pursuant to Subsection 20(A)(4). Upon a withdrawal from the Joint Venture pursuant to the terms of this Section 17, legal title to the property of the Joint Venture, including without limitation any logos, trademarks, tradenames or copyrights (except as otherwise stated herein) shall be retained by the non-withdrawing or non-defaulting party. In no event shall a defaulting party retain legal title to the property of the Joint Venture (except as otherwise set forth herein).
Sample 1
Withdrawal From Joint Venture 
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs

Related to Withdrawal From Joint Venture

  • Withdrawal from Agreement A. Any Fund may elect to withdraw from this Agreement effective at the end of any monthly period by giving at least 90 days’ prior written notice to each of the parties to this Agreement. Upon the written demand of all other Funds which are parties to this Agreement a Fund shall withdraw, and in the event of its failure to do so shall be deemed to have withdrawn, from this Agreement; such demand shall specify the date of withdrawal which shall be at the end of any monthly period at least 90 days from the time of service of such demand.

  • Withdrawal of General Partner (a) The General Partner may not Withdraw (other than as a result of an Involuntary Withdrawal) without the Consent of the Special Limited Partner. Withdrawal shall be conditioned upon the agreement of the Special Limited Partner to be admitted as a successor General Partner, or if the Special Limited Partner declines to be admitted as a successor General Partner then on the agreement of one or more Persons who satisfy the requirements of Section 13.5 of this Agreement to be admitted as successor General Partner(s).

  • Withdrawal of Assets If an arrangement with an Eligible Securities Depository no longer meets the requirements of Rule 17f-7, the Custodian shall direct the Domestic Subcustodian to withdraw the Fund’s Foreign Assets from such depository as soon as reasonably practicable.

  • Withdrawal by a Member A Member has no power to withdraw from the Company, except as otherwise provided in Section 8. SECTION 6 SALARIES, REIMBURSEMENT, AND PAYMENT OF EXPENSES

  • Withdrawal of Members A member may withdraw from this LLC by giving written notice to all other members at least days before the date the withdrawal is to be effective.

  • Withdrawal of Partners (a) Any Partner may Withdraw voluntarily from the Partnership subject to the prior written consent of the General Partner, including if such Withdrawal would (i) cause the Partnership to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the General Partner, have a material adverse effect on the Partnership or its business. Without limiting the foregoing sentence, the General Partner generally intends to permit voluntary Withdrawals on the last day of any calendar month (or on such other date as shall be determined by the General Partner in its sole discretion), on not less than 15 days’ prior written notice by such Partner to the General Partner (or on such shorter notice period as may be mutually agreed upon between such Partner and the General Partner); provided, that a Partner may Withdraw from the Partnership with respect to such Partner’s GP-Related Partner Interest without Withdrawing from the Partnership with respect to such Partner’s Capital Commitment Partner Interest, and a Partner may Withdraw from the Partnership with respect to such Partner’s Capital Commitment Partner Interest without Withdrawing from the Partnership with respect to such Partner’s GP-Related Partner Interest.

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of the Master Servicer, the Trustee or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Withdrawal Events In the event of the death, retirement, withdrawal, expulsion, or dissolution of a Member, or an event of bankruptcy or insolvency, as hereinafter defined, with respect to a Member, or the occurrence of any other event which terminates the continued membership of a Member in the Company pursuant to the Statutes (each of the foregoing being hereinafter referred to as a “Withdrawal Event”), the Company shall terminate sixty days after notice to the Members of such withdrawal Event unless the business of the Company is continued as hereinafter provided. Notwithstanding a Withdrawal Event with respect to a Member, the Company shall not terminate, irrespective of applicable law, if within aforesaid sixty day period the remaining Members, by the unanimous vote or consent of the Members (other than the Member who caused the Withdrawal Event), shall elect to continue the business of the Company. In the event of a Withdrawal Event with respect to an Member, any successor in interest to such Member (including without limitation any executor, administrator, heir, committee, guardian, or other representative or successor) shall not become entitled to any rights or interests of such Member in the Company, other than the allocations and distributions to which such Member is entitled, unless such successor in interest is admitted as a Member in accordance with this Agreement. An “event of bankruptcy or insolvency” with respect to a Member shall occur if such Member:

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • Withdrawal Conditions; Withdrawal Period 1. Notwithstanding the provisions of Part A of this Section, no withdrawal shall be made:

Time is Money Join Law Insider Premium to draft better contracts faster.