FORMATION OF THE JOINT VENTURE. 2.1 The parties hereby agree to associate and participate in a joint operation (herein called the “Joint Operation”) for the purpose of exploring the Property and, if deemed warranted, bringing the Property or a portion thereof into commercial production by establishing and operating a Mine.
FORMATION OF THE JOINT VENTURE. 2.1 The Parties hereby agree, subject to Article 23, to associate and participate in a joint venture for the sole purpose of exploring the Property and, if deemed warranted, bringing the Property or a portion thereof into Commercial Production by establishing and operating a Mine.
FORMATION OF THE JOINT VENTURE. 1.1. The Parties hereby agree to promptly establish a Joint Venture Company in the form of a private limited liability company to be named GROUPEMENT DU TRAITEMENT DU TERRXX XX LUBUMBASHI (GTL) or such other name as agreed by the Parties. The By-laws of the J.V. shall be prepared and signed by the Parties in such time as unanimously agreed by them.
FORMATION OF THE JOINT VENTURE. (a) The Venturers hereby enter into and form a joint venture (in the form of a general partnership) under the laws of the State of Florida for the limited purposes and upon the terms and conditions set forth herein.
FORMATION OF THE JOINT VENTURE. The Joint Venture was formed pursuant to the provisions of the Delaware Revised Uniform Partnership Act, Delaware Code, Title 6 Section 15-101 et seq., as amended from time to time, as evidenced by the filing of the Statement of Partnership Existence in the office of the Secretary of State of the State of Delaware on April 4, 2007 in the form of Exhibit N attached hereto. At the time of Closing, DDR and TRT shall each execute and deliver to the other the Partnership Agreement.
FORMATION OF THE JOINT VENTURE. 8.1 Upon the Optionee earning the initial 25% Interest in the Property, the Optionor and Optionee agree to associate and participate in a joint venture (the "Joint Venture") for the further exploration and development of the Property, and, if deemed warranted, bringing the Property or a portion thereof into commercial production by establishing and operating a Mine. The Joint Venture will be administered in accordance with the terms of this Agreement, unless otherwise agreed upon in writing by the Parties prior to the First Operative Date, which will include, without limitation, the provision for all Expenditure Costs to be incurred in accordance with Article 12.
FORMATION OF THE JOINT VENTURE. 7.1 Upon the Optionee earning the 60% Interest in the Property, the Optionor and Optionee agree to associate and participate in a joint venture (the “Joint Venture”) for the further exploration and development of the Property, and, if deemed warranted, bringing the Property or a portion thereof into commercial production by establishing and operating a Mine.
FORMATION OF THE JOINT VENTURE. The Bunge Group and the Solazyme Group desire to form the Joint Venture to combine certain capital, technological expertise and Technology of the Solazyme Group with certain capital, manufacturing expertise and access to feedstock of the Bunge Group in order to develop and manufacture Products in the Manufacturing Territory for use in the Field in the Use Territory. In anticipation of the formation of the Joint Venture, the Bunge Group has obtained control of SB Oils to conduct the Brazilian operations of the Joint Venture. The Company is being formed concurrently with the establishment of the Joint Venture to (i) conduct the non-Brazil operations of the Joint Venture and (ii) own substantially all of the equity interests of SB Oils.
FORMATION OF THE JOINT VENTURE. The parties agree to establish with effect from the Commencement Date an unincorporated joint venture on and subject to the terms set out in this Agreement.
FORMATION OF THE JOINT VENTURE. The Board is pleased to announcement that on 12 May 2023, after trading hours, the Company, Hospital Investment Co., Ltd. (a wholly owned subsidiary of the Company) and Xinxing Construction (a subsidiary of GT-PRC), executed the Cooperation Agreement to establish the Joint Venture. Pursuant to the Cooperation Agreement, the registered capital of the Joint Venture will be RMB10 million, among which, (i) Hospital Investment Co., Ltd. agreed to contribute RMB8.1 million in cash to subscribe a registered capital of RMB6.6 million of the Joint Venture, and (ii) Xinxing Construction agreed to contribute RMB4.2 million in kind with assets of Zhongxing Hospital to subscribe a registered capital of RMB3.4 million of the Joint Venture. The amount of difference between the contribution and the registered capital will be included in the capital reserve of the Joint Venture. Upon the establishment of the Joint Venture, its registered capital will be held by Hospital Investment Co., Ltd. and Xinxing Construction as to 66% and 34%, respectively, and the Joint Venture will be accounted as a subsidiary of the Company. The Joint Venture will become the new promoter of Zhongxing Hospital. ENTERING INTO THE LEASE AGREEMENT On 30 May 2023, Zhongxing Hospital (as the lessee) entered into the Lease Agreement with Xinxing Construction (as the lessor) to lease the. The commencement date of the Lease Agreement will be on the first day of the month immediately following the establishment of the Joint Venture and the term of the Lease Agreement will be 20 years. Principal Terms of the Lease Agreement The principal terms of the Lease Agreement are summarized as follows: Date 30 May 2023 Lessor Xinxing Construction Lessee Zhongxing Hospital Leased Properties Located at Xx. 00 Xxxxxxx Xxxx, Xxxxxxx Xxxxxxxx, Xxxxxxx with a total floor area of 4,130 square meters and a total land area of 3,547 square meters, together with the existing attached facilities and equipment Usage Operation of medical service, such as medical treatment, detailed usage will be determined by the lessee Lease term The commencement date of the Lease Agreement will be on the first day of the month immediately following the establishment of the Joint Venture and the term of the Lease Agreement will be 20 years. The lessee is entitled to renew the Lease Agreement upon the expiration with the rental determined by both parties through negotiation based on the terms and conditions of the Lease Agreement. If the lessee de...
