JV Land definition
Examples of JV Land in a sentence
The JV will use the JV Land as a complex consisting of offices, commercial properties, factories, recreational facilities, supermarkets, restaurants and bars etc., which will be subject to sale and leasing.
Once the Land has been upgraded for general industrial and emerging industrial uses, ▇▇ ▇▇▇▇ will be granted part of the Land (i.e., the Snow Brewery Land) while the JV will be granted with another part of the Land (i.e., the JV Land).
The Stakeholder shall and are hereby authorised to release the original issue documents of title for the JV Land or any parts thereof to DAC Properties for the sole purpose of Amalgamation & Subdivision, upon receiving the authorisation from JCD.
Once the Land has been modified from general industrial use to general industrial and emerging industrial uses by Shenzhen government, ▇▇ ▇▇▇▇ will be transferred with the Snow Brewery Land whilst the JV will be transferred with the JV Land.
The DBhd Group is expected to extend shareholders’ advances and/or corporate guarantees, in accordance with DRJ’s shareholding proportions in DAC Properties, when necessary to fund the future project development cost over the duration of the development of the JV Land.
Vacant possession of the JV Land free from all encumbrance and claims whatsoever (including free from any squatters and encroachment), will be deemed delivered to DAC Properties by JCD on the First Instalment Date.
In addition to the benefits to be derived from the JV Land via the Proposed Acquisition 1, DRJ will also have the opportunity to gain from any capital appreciation and/or future development to be undertaken on the Remaining Land to be obtained under the Proposed Acquisition 2.
MP Corp Group shall appoint Ekuiti Idaman to develop the Plentong JV Land measuring in aggregate approximately 189.18 acres registered under TBBM on joint venture basis subject to the terms and conditions to be agreed upon between them in a joint venture agreement.
Similarly, the JV will execute a land use right grant contract with the Shenzhen government for the JV Land, where the JV will pay the fees pursuant to the Calculation Rules.
The JV will be responsible for the development and construction of the JV Land.