Venture Tech definition

Venture Tech and, together with SAIF, the “Principal Shareholders”) hereby agree as follows:
View Source
Venture Tech shall use its best commercial efforts to procure that each of the conditions in this Article VI (other than Sections 6.3, 6.6 and 6.7) are complied with (unless waived by the Company) as soon as reasonably practicable and not later than December 31, 2002 and shall continue to use such best commercial efforts thereafter if such compliance or waiver is not achieved by that date and until such date as this Agreement is terminated in accordance with Article X.
View Source
Venture Tech has the meaning set out in the preamble to this Agreement.
View Source

Examples of Venture Tech in a sentence

  • Terminate, amend or modify, or waive any provision of, the Termination Agreement, dated as of June 14, 2010, among the Company, SB Asia Infrastructure Fund L.P. and Venture Tech Assets Ltd.

  • In connection with the acquisition of the Sterling Commerce Shares by Venture Tech, the Sterling Commerce Shares shall no longer be covered by, and neither Venture Tech nor any subsequent holder of the Sterling Commerce Shares shall have any rights under, the Existing Agreement.

  • Venture Tech shall have performed each of its obligations under Sections 2.4(b) and (e) of this Agreement.

  • The Venture Tech Warranties contained in Schedule 3 hereof shall be true and correct in all material respects with respect to Venture Tech at and on the Closing Date as if made at and on such date.

  • The Company acknowledges and agrees that at Closing the Subscribed Shares issued by the Company shall confer on Venture Tech absolute legal and beneficial title to the Subscribed Shares free of Encumbrances.

  • Upon the terms and subject to the conditions herein set forth, the Company agrees to, on the Closing Date, allot and issue to Venture Tech, free and clear of all Encumbrances (other than Encumbrances resulting from actions of Venture Tech), 2,034,884 Equity Shares (the "Subscribed Shares") and Venture Tech agrees to subscribe for the Subscribed Shares from the Company in consideration for the Subscription Price set out in this Agreement.

  • In reliance on the representations and warranties and the agreements of VT BVI contained in this Assignment and Assumption Agreement, the Company hereby consents to the assignment of rights by Venture Tech described in this Paragraph 1.

  • Venture Tech agrees to deposit Rs. 33,796,000 (equivalent to USD 700000 as of the date hereof) in escrow in terms of the Escrow Agreement executed between the parties and attached to this Agreement as Exhibit G to this Agreement which shall be released by the Escrow Agent along with the balance of the Subscription Price in terms of Clause 5 of the Escrow Agreement between the parties.

  • In particular, such Non-U.S. person acknowledges that the Company shall refuse to register any transfer of the Subscribed shares and the Venture Tech Second Tranche not made in accordance with the provisions of Regulation S, pursuant to registration under the Securities Act or pursuant to an available exemption from registration.

  • The Company shall give Venture Tech prompt and complete notice of any event, condition or circumstance occurring from the date hereof until the Closing Date that would constitute a violation or breach of any Company Warranty if such Company Warranty (other than any warranty expressly limited to an earlier date) was made as of any date from the date hereof until the Closing Date, or that would constitute a violation or breach of any terms and conditions contained in this Agreement.


More Definitions of Venture Tech

Venture Tech. Second Tranche"). If VentureTech or its Permitted Transferees do not close the subscription for the Venture Tech Second Tranche by 1 May 2003 in accordance with the VentureTech Subscription Agreement then, at the election of SAIF:
View Source

Related to Venture Tech

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • Licensee Technology means the Licensee Know-How and Licensee Patents.

  • Customer Technology means Customer's proprietary technology, including Customer's Internet operations design, content, software tools, hardware designs, algorithms, software (in source and object forms), user interface designs, architecture, class libraries, objects and documentation (both printed and electronic), know-how, trade secrets and any related intellectual property rights throughout the world (whether owned by Customer or licensed to Customer from a third party) and also including any derivatives, improvements, enhancements or extensions of Customer Technology conceived, reduced to practice, or developed during the term of this Agreement by Customer.

  • Joint Technology means the Joint Know-How and the Joint Patent Rights.

  • Background Technology means all tools, programs, designs, processes, formulas, techniques, improvements, inventions, works of authorship, software, data, know-how, ideas, methodologies, specifications, code libraries, algorithms, protocols, routines, subroutines, network systems, machine learning models, Trade Secrets (defined below), and other technology which are: (a) created, developed, owned, or licensed by PickNik prior to the Effective Date of this Agreement; (b) are created, developed, owned, or licensed by PickNik during the term of this Agreement but not delivered as a part of the Software; (c) which have general applicability to PickNik’s business and which are not based on any Company Confidential Information; or (d) modifications of or derivatives to any of the foregoing.