JV Company definition
Examples of JV Company in a sentence
VCIG agrees to issue Shares of the JV Company to Betterverse as laid down for the purpose of the Joint Venture.
The Parties agree and acknowledge that any and all costs and expenses to be incurred by the JV Company by reason of Joint Venture, any new business ventures, arrangements and/or transactions shall be divided according to the shareholding of the Parties as set up in Clause 5 herein.
The Parties agrees and undertakes that it shall bear the subscription price and all such costs and expenses (including but not limited to stamp duty and registration fees) in relation to the subscription by it of the relevant number of Shares in the JV Company pursuant to Clauses 5.1 and 5.2.2(a) above.
The Parties agree and acknowledge that the Shareholders of the JV Company shall be entitled to the same exit rights and conditions, including the company valuation method.
Each appointment or removal of a Director pursuant to Clause 7.1.2 shall be in writing and signed by or on behalf of the Party concerned and shall be delivered to the registered office for the time being of the JV Company.