Joint Venture Operating Agreement definition
Examples of Joint Venture Operating Agreement in a sentence
Each Membership Interest Certificate shall be signed by two Officers and shall bear the following legend: “The Unit(s) of Membership Interest represented by this certificate is(are) subject to and transferable only in compliance with the Joint Venture Operating Agreement of The Taubman Realty Group LLC, as the same may be amended or supplemented from time to time (the “Operating Agreement”), a copy of which is on file at the office of The Taubman Realty Group LLC.
In connection with the formation of the joint venture, Photronics and DNP have entered into a Joint Venture Operating Agreement (the “JV Operating Agreement”) dated as of the 20th day of November, 2013.
The Parties to this Joint Venture shall jointly be responsible for all operations and decisions of the Joint Venture and will be compensated for providing various services as mutually agreed in a Joint Venture Operating Agreement to be developed subsequent to the signing of this Agreement.
Business Plan and Budget: An initial business plan and budget is to be attached to the Joint Venture Operating Agreement at the time of the Closing.
Other remedies and alternatives as agreed in the Joint Venture Operating Agreement.
Schedule of Capital Calls: Provided in business plan and budget attached to the Joint Venture Operating Agreement, expected to be in accordance with the general schedule provided above.
Photronics, Photronics Singapore, DNP and DNP Asia Pacific have agreed to set up the Company as the Joint Venture and entered into the Joint Venture Operating Agreement as of May 16, 2017 (the “Operating Agreement”) to set forth the respective rights and obligations of DNP, DNP Asia Pacific, Photronics and Photronics Singapore with respect to the management and operation of the Company.
The JV Company shall adopt a Joint Venture Operating Agreement substantially in the form as attached as Exhibit G, Seller shall have entered into a License Agreement with the JV Company in the form as attached as Exhibit H, and the JV Company shall have entered into Sublicense Agreements with Buyer in the forms as attached as Exhibits I, J and K.
If neither Solazyme nor Bunge wish to continue to operate the Plant then the Joint Venture Operating Agreement shall terminate and the Company shall be dissolved.
Caterpillar, Navistar, and the Company have caused this Amended and Restated Joint Venture Operating Agreement to be signed by their respective duly authorized representatives as of the day and year first above written.