CTVH definition
Examples of CTVH in a sentence
The costing of such services shall be approved as a separate budget item in accordance with Section 2.3. This Section shall apply mutatis mutandis to CTVH if it proposes a CTVH Exploration Program.
The progress of each Continental Exploration Program and each CTVH Exploration Program adopted by the Board shall be reviewed at least quarterly at meetings of the Board.
Where CTVH and Continental subscribe the shares to be issued in accordance with the above, the new issuance of shares shall be approved by the Board with a simple majority.
Directors expenses incurred shall form part of the expenditure in terms of the Continental Exploration Program or CTVH Exploration Program (as the case may be).
Continental undertakes to structure its investment in the Company so such investment involves issuance to Continental and the other shareholders during the Second Expenditure Period of as few Ordinary Shares as possible, and in any event no more than 10,000 Ordinary Shares without the prior approval of CTVH.
The rights and obligations of the ABC in this Agreement may not be assigned or transferred by ABC, except to CTVH after a transfer of at least 50% of the Ordinary Shares held by ABC to CTVH in accordance with the terms of the CTVH Agreement.
In the event that Tianyuan is operating a CTVH Exploration Program, CTVH shall have the right to remove and nominate the CEO.
During the period that the Company operates under either a Continental Exploration Program or a CTVH Exploration Program (as the case may be), the Continental Exploration Program or a CTVH Exploration Program (as the case may be) shall be the deemed to be the Tianyuan Annual Budget.
Continental undertakes to structure its investment in the Company so such investment involves issuance to Continental and the other shareholders during the First Expenditure Period of as few Ordinary Shares as possible, and in any event no more than 10,000 Ordinary Shares without the prior approval of CTVH.
Quorum otherwise shall consist of a majority of directors present in person or by alternate or proxy, provided that (so long as such party has the right to designate a director) one of the directors constituting quorum shall be a director designated by CTVH and one of the directors constituting quorum shall be a director designated by Continental.