India Joint Venture definition

India Joint Venture shall have the meaning set forth in Section 5.11(d).
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India Joint Venture means the entity or entities established in India by the Borrower and its joint venture partners to construct, own and operate a facility for the manufacture of glass fiber reinforcement products and of which the Borrower, directly or indirectly, owns at least 49% of the outstanding equity."
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Examples of India Joint Venture in a sentence

  • Parent agrees to reimburse the Designated Purchasers for all reasonable fees and out-of-pocket expenses incurred by the Designated Purchasers in connection with reassigning and transferring the India Joint Venture to Parent and in connection with effecting the set-off of the India Purchase Price.

  • Interest on Tranche B Notes (and on any Additional Tranche B Notes) shall be payable at the Tranche B Rate.

  • The exchange of the RAVEN Shares shall be effected by the issuance to such Selling Shareholders of the number of shares of PubCo Shares set out opposite each Selling Shareholder’s name on Schedule A and with 14,000,000 of such shares to be issued to Selling Shareholders per Schedule A upon the opening of business on the Closing Date and 6,000,000 of such shares to be held in escrow and released upon the attainment of the India Joint Venture Milestone.