Co-Venturer definition
Examples of Co-Venturer in a sentence
The net operating profits and losses of the Joint Venture shall be determined as of the end of each fiscal year and shall be allocated to Co-Venturer and CNL in accordance with their respective Percentage Interests.
Additionally, any deed or other document required to be signed by the Joint Venture with respect to the sale, lease or mortgaging of the property (only as permitted hereunder) may be executed in the name of the Joint Venture by CNL, acting by itself and without the joinder of Co-Venturer or, alternatively, by all Partners.
No Subcontract shall bind or purport to bind Company or any Co-Venturer.
The Co-Venturer agrees that in no event shall FCF's liability under this Agreement exceed the Engagement Fee received by FCF under this Agreement except to the extent that damages to the Co-Venturer resulted from FCF's gross negligence, reckless or willful misconduct, or violation of law.
FCF and Co-Venturer desire to enter into a joint venture through which they will pursue certain business opportunities together.