Examples of JV Parties in a sentence
The location of the principal office of the Joint Venture shall be the principal office of SMK, at 0000 Xxxxxxxxx Xxxx., #67 X/X Xxxx Xxxxx, Manhattan Beach, CA 90267 or such other place in California as the JV Parties shall unanimously determine.
Notwithstanding the foregoing, the JV Parties hereby mutually agree and acknowledge that the foregoing purpose(s) may be modified by mutual agreement as otherwise provided for in this JV Agreement.
Notwithstanding the foregoing, except as otherwise expressly provided in this JV Agreement or by other written agreement executed by the JV Parties, no JV Party shall have the authority to act for or to assume any obligations or responsibilities on behalf of any other JV Party.
The JV Parties hereby jointly enter into and form this Joint Venture, for the limited purpose and scope set herein, pursuant to the laws of the State of California and the terms of this Agreement.
The Board is of the view that the terms of the Joint Venture Agreement and the transactions contemplated thereunder were negotiated on an arm’s length basis between the JV Parties and are on normal commercial terms, fair and reasonable and in the interests of the Company and the Shareholders as a whole.