OJV definition

OJV means other joint venturer i.e. an entity which is not a Government Entity that directly holds a JV Interest in a joint venture with the GOC.
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Examples of OJV in a sentence

  • If ▇▇▇▇▇▇▇▇ is unable to complete expenditure of the Final Commitment totaling US$6,000,000 on or before the expiry of the Final Commitment Period, Richmont may nonetheless maintain the Option and its rights under the OJV Agreement by paying LKA the difference between US$6,000,000 and the amount actually spent by Richmont prior to the end of the Final Commitment Period.

  • The OJV Agreement and Subscription Agreement will incorporate all of the terms of this Letter Agreement and such additional terms as are customary in the mining industry or as are customary for share subscription agreements, as applicable.

  • The representations and warranties set forth in section 7.2 shall survive the execution of the OJV Agreement for a period of three years, other than the representation and warranty set forth in section 7.2(a), which shall survive indefinitely.

  • In the OJV Agreement, Richmont will covenant that it intends to carry out the Mine Plan and to use its best efforts to limit operating costs and other budgeted items to those projected in such plan.

  • The only sanction for a failure by OJV Holding to provide finance in accordance with the terms of this clause 6.7 shall be a pro rata reduction in its shareholding in JVC.

  • The Parties agree that any security or collateral required in relation to such external funding shall, if possible, be provided by JVC, but in any event without recourse to either SJV Holding and/or OJV Holding.

  • Upon such deemed withdrawal, the withdrawing Party (the "Royalty Holder") shall be entitled to receive a ten percent (10.0%) Net Smelter Return royalty ("NSR") from the Property (the "Royalty") to be calculated and paid as set out in Schedule "B", and shall no longer have any other right as a Party under the OJV Agreement, nor any right in and to the Property or its related Assets.

  • If ▇▇▇▇▇▇▇▇ is unable to complete expenditure of the Third Commitment totaling US$6,000,000 on or before the expiry of the Third Commitment Period, Richmont may nonetheless maintain the Option and its rights under the OJV Agreement by paying LKA the difference between US$6,000,000 and the amount actually spent by Richmont prior to the end of the Third Commitment Period.

  • Without prejudice to the foregoing, following Discovery, SJV Holding and OJV Holding shall each be entitled to provide funding for JVC to advance the Business on the same terms as the commercial banks.

  • If Richmont fails to complete the Initial Commitment in full before the end of such 15 month period or if Richmont relinquishes its interest in the OJV Agreement prior to that time without having completed the Initial Commitment, the shortfall will be paid in cash to LKA within 30 days of the end of the 15 month period or the date of relinquishment, as applicable.

Related to OJV

  • JV means Joint Ventures

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.

  • WFOE has the meaning set forth in the Preamble of this Agreement.

  • Target Company means each of the Company and its direct and indirect Subsidiaries.

  • Target Companies means, collectively, all of the Company and the Company Subsidiaries and “Target Company” means any of them.