JV Officer definition
Examples of JV Officer in a sentence
Owner shall cause the JV Officer to assist Owner in the review of the state of completion of the Renewable Diesel Facility and progress towards Final Completion by, among other things, (i) attending weekly progress review meetings between Construction Manager and Owner and (ii) participating in physical inspections of the Renewable Diesel Facility.
Additionally, Owner shall cause the JV Officer to promptly communicate to Construction Manager any aspect of the Services observed by the JV Officer that, in the JV Officer’s view, may impede or delay achievement of Final Completion.
The terms of office of each JV Director and JV Officer shall expire at the close of the annual meeting of the JV Company each year, or when their respective successors have been duly elected or appointed (if later), as more fully provided in the applicable Annual Organizational Resolutions, unless sooner removed as provided in this Agreement or the JV By-Laws.
The personal liability as an officer or manager of each individual who is serving or has served as a JV Officer also shall be eliminated to the fullest extent permitted by Applicable Law if so provided in the JV By-Laws, approved by the JV Board or provided in a written agreement with the applicable individual.
To the fullest extent possible, Owner shall cause an JV Officer to enter into contracts in connection with any required remediation, maintenance or repair work necessary to keep the Renewable Diesel Facility in compliance with all applicable Laws or otherwise to minimize damage.