Joint Venture Interests. 13. As of the Execution Date of this Agreement, North Bay and RGI are deemed to have the following Joint Venture Interests Member Joint Venture Interests North Bay Resources Inc. 50% of all net profits Ruby Gold, Inc. 50% of all net profits Duties of Members
Joint Venture Interests. Buyer acknowledges that the Properties identified on Exhibit M attached hereto are owned by entities (each a "Joint Venture") in which a Transferor and an unrelated third party (each, a "Third Party" and collectively, the "Third Parties") own the beneficial interests. If the consent or waiver of applicable Third Parties is not required for a Transferor to sell or exchange a Property owned by a Joint Venture, then Transferors shall cause the Property to be sold or exchanged by such Joint Venture to Buyer. With respect to each Joint Venture where the consent or waiver of a Third Party is required, Transferors shall, at Transferors' election made in Transferors' sole discretion, attempt to either (i) obtain the consent of the applicable Third Party to cause the Joint Venture to sell or exchange the applicable Property to Buyer, or (ii) acquire the Third Party's interest in the Joint Venture prior to or concurrent with the closing hereunder, to the extent such purchase is permitted under the terms of the applicable Joint Venture's operative agreement (or consented to by the Third Party) and thereafter cause the Joint Venture to sell or exchange the applicable Property to Buyer. Transferors shall not be required to expend any amounts to obtain the consent of any Third Party pursuant to clause (i), but Transferors shall be required to expend up to (but not more than) the net amount of the applicable Third Party's proportionate share of the Allocated Price of the applicable Property based on such Third Party's interest in the Joint Venture in order to acquire such Third Party's interest pursuant to clause (ii) above. If Transferors are unable to obtain a required consent or waiver from a Third Party to a sale of the Property or acquire the Third Party's interest in such Joint Venture (after agreeing to expend the amount set forth above), then this Agreement shall be terminated with respect to the affected Property, in which event such Property shall be treated as a Deleted Property.
Joint Venture Interests. See §5.2.
Joint Venture Interests. (a) Schedule 3.23 sets forth a true and correct list of all of the interests of the Joint Venture Parent Companies in the Joint Ventures. Schedule 3.23 also sets forth the jurisdiction in which each of the Joint Ventures is incorporated or organized. Each of the Joint Ventures is duly licensed or qualified to do business in each jurisdiction in which the ownership of its Properties or the conduct of its business requires such licensing or qualification, except where the failure to be so licensed or qualified would not be reasonably likely to, individually or in the aggregate, have a Material Adverse Effect.
Joint Venture Interests. Xxxxxx and Diblo agree that the respective Membership Units and Percentage Interests of Xxxxxx and the Modelo Party shall be equal.
Joint Venture Interests. Upon execution of this Agreement, the Parties shall each own the following interests in the Joint Venture:
Joint Venture Interests. 112 17. INSURANCE.................................................................................. 117 18. POST CLOSING UNDERTAKINGS.................................................................. 119
Joint Venture Interests. CPFC presently holds the rights to 68.5% of the joint venture interests in Green Food; upon the approval by the appropriate governmental authorities of CPEL's transfer and assignment of such Green Food joint venture interests to CPFC, CPFC will have full, complete, and absolute title to 68.5% of the issued and outstanding Joint Venture interests, free of any liens, encumbrances, or agreements of any kind, except the Green Food joint venture contract and the Articles of Association for Green Food.
Joint Venture Interests. 3.6.1. Upon completing the restructuring of a Joint Venture, the Vendor shall, provided the Vendor is under no contractual restrictions or confidentiality obligations, deliver to the Purchaser a copy of the execution version of the restructuring agreements as soon as practicable.
Joint Venture Interests. 12. As of the Execution Date of this Agreement, North Bay and Solid are deemed to have the following Joint Venture Interests Member Joint Venture Interests North Bay Resources Inc. 20% Net Smelter Royalty (“NSR”) as defined in Schedule A Solid Holdings Ltd. 100% of all net profits after deduction for the NSR Duties of Members
