JV Relationship definition
Examples of JV Relationship in a sentence
The effective time of the termination of the JV Relationship pursuant to this Section 4.2(b)(iii) shall be 5:00 p.m., Milan time on the 15th Business Day immediately following the date on which the Termination Notice is given; provided that no termination under Section 4.2(a)(iv) and this Section 4.2(b)(iii) shall be effective unless the Chairman of the JV Company is actually removed from such office and not reinstated prior to such termination date.
The Affected Party shall specify in its Termination Notice whether such termination of the JV Relationship shall be pursuant to clause (A) or clause (B) of the first sentence of this Section 4.2(b)(ii)(2); provided that if the Affected Party shall not so specify in its Termination Notice, clause (B) of this Section 4.2(b)(ii)(2) shall apply.
Subject to the terms of Section 10.3, after the Joint Venture Closing, this Agreement shall terminate automatically and immediately upon the termination of the JV Relationship pursuant to Section 4.2.
The effective time of the termination of the JV Relationship pursuant to clause (A) of the foregoing sentence shall be 5:00 p.m., Milan time, on the date 60 days after the date of the Termination Notice, and the effective time of the termination of the JV Relationship pursuant to clause (B) of the foregoing sentence shall be the effective time of consummation of the applicable Control Transaction.
The effective time of the termination of the JV Relationship pursuant to this Section 4.2(b)(i) shall be 5:00 p.m., Milan time, on the first Business Day immediately following such Renewal Date.
Each of Intesa and Lazard acknowledges that by a decision adopted on February 4, 2003 pursuant to Article 6(1)(b) of the EC Merger Regulation, the European Commission granted approval in respect of the Intesa Contribution and JV Relationship pursuant to the EC Merger Regulation.
In case of the automatic extension of the JV Relationship pursuant to Section 4.1, the Parties shall renew or enter into a new, and shall cause any of their controlled affiliates who are parties to such Shareholders Agreement to renew or enter into a new, shareholders agreement in the form of the Shareholders Agreement.
In the event of the termination of the JV Relationship, the Lazard Notes shall remain unaffected except as otherwise expressly provided in such Lazard Notes.
The effective time of the termination of the JV Relationship pursuant to this Section 4.2(b)(ii)(1) shall be the effective time of consummation of the applicable Control Transaction.