Purpose and Scope of Joint Venture Sample Clauses

Purpose and Scope of Joint Venture. 3.1 The Business of the Company shall be to act as a holding company for e-commerce investments in Vietnam which shall include (i) e-retail business including one or several physical places of business; (ii) e-market place business; (iii) online advertising business; and (iv) other related activities (the “Business”). The head office of the Company shall be situated in Hong Kong.
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Purpose and Scope of Joint Venture. The primary purpose of the joint venture is for Ma’aden and Ivanhoe Electric to combine certain of their assets, technology, people and skills in order to survey, review, identify and explore prospective mineral deposits within the Kingdom under exploration licenses held by Ma’aden. Should any economically viable mineral deposits within the Kingdom be identified as a result of the joint efforts of Ma’aden and Ivanhoe Electric, the parties intend to continue the 50:50 joint venture for the further development of such mining projects into operating mines. The parties recognize that the primary use for the Typhoon™ units shall be on Ma’aden Land (as defined below). To the extent that Ma’aden proposes as part of the Saudi JVCo governance framework to use the Typhoon™ units on other land, Ma’aden and Ivanhoe Electric shall discuss such proposal in good faith. The parties also agree that any survey to be conducted for metallic minerals through the use of the Typhoon™ units in the Kingdom on any land (whether or not licensed to Ma'aden) shall be carried out by the Saudi JVCo on an exclusive basis.
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Purpose and Scope of Joint Venture. The purpose of the Joint Venture shall be limited to submitting proposals for, and if successful, performing Contracts pursuant to the terms of this Agreement. If either Participant wishes to bid on any new Project, that Participant shall bring the tender for the Project to the Management Committee for consideration. The Management Committee shall have the discretion to decide to submit a tender for any Project. Except as otherwise agreed in writing by the Participants no other projects shall be undertaken by the Participants through this Joint Venture. Nothing provided in this Agreement shall prohibit or restrict any Participant from undertaking and performing during the term of the Joint Venture, for its own account or with any other person, firm or corporation, any work for existing customers that are currently on a Participant’s customer list other than the Work, whether or not such work is similar to the Work.
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Purpose and Scope of Joint Venture 
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Related to Purpose and Scope of Joint Venture

  • Formation of Joint Venture The Venturers have formed the Venture for the limited purposes and scope set forth below and hereby amend, restate and incorporate the terms of all prior agreements between them.

  • No Joint Venture Nothing contained in this Agreement (i) shall constitute the Administrator and either of the Issuer or the Owner Trustee as members of any partnership, joint venture, association, syndicate, unincorporated business or other separate entity, (ii) shall be construed to impose any liability as such on any of them or (iii) shall be deemed to confer on any of them any express, implied or apparent authority to incur any obligation or liability on behalf of the others.

  • Partnerships and Joint Ventures No Loan Party shall become a general partner in any general or limited partnership or a joint venturer in any joint venture.

  • Implementing Agreement Subject to the terms and conditions hereof, each party hereto shall use its best efforts to take all action required of it to fulfill its obligations under the terms of this Agreement and to facilitate the consummation of the transactions contemplated hereby.

  • Joint Venture Agreement The Borrower shall ensure that the Administrative Agent is provided in a timely manner with copies of any material notices or communications made by the participants of the LGJV, including notices of the Corporation Board, OpCo Board and Partner (as each such term is defined in the LGJV Agreement) meetings or decisions to be made (including at least 5 days prior notice of any decisions which fall within the scope of section 3.5 of the LGJV Agreement), and copies of all records or minutes of Corporation Board, OpCo Board and Partner meetings. The Borrower shall pay all Cash Calls (as defined in the LGJV Agreement), and any other amounts required to be paid under the LGJV Agreement as and when required.

  • No Joint Venture or Partnership; No Third Party Beneficiaries (a) Borrower and Lender intend that the relationships created hereunder and under the other Loan Documents be solely that of borrower and lender. Nothing herein or therein is intended to create a joint venture, partnership, tenancy-in-common, or joint tenancy relationship between Borrower and Lender nor to grant Lender any interest in the Property other than that of mortgagee, beneficiary or lender.

  • Subsidiaries and Joint Ventures Create, acquire or otherwise suffer to exist, or permit any Subsidiary of such Borrower to create, acquire or otherwise suffer to exist, any Subsidiary or joint venture arrangement not in existence as of the date hereof, except in connection with a Permitted Acquisition.

  • Joint Venture Nothing contained in this Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

  • Governing Agreement The Assigned Transaction and the Confirmation shall form a part of, and be subject to, the ISDA Master Agreement dated as of September 29, 2006, as amended or supplemented from time to time (the "New Master Agreement"), between Assignee and Remaining Party. The Confirmation shall form a part of, and be subject to, the New Master Agreement.

  • Power; Binding Agreement Stockholder has the legal capacity, power and authority to enter into and perform all of its obligations under this Agreement. The execution, delivery and performance of this Agreement by Stockholder will not violate any agreement or any court order to which Stockholder is a party or is subject including, without limitation, any voting agreement or voting trust. This Agreement has been duly and validly executed and delivered by Stockholder.

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