Examples of JV Interest in a sentence
The Muping JV Interest was initially transferred from its holders to Dahedong.
On the expiry of the Sole Funding Period, NST will have earned a further 35% undivided interest in the CTP (taking NST’s total JV Interest to 60%).
Upon completion of the acquisition of the Muping JV Interest by Majestic Yantai, the Company’s interest in JVCo and the Muping Mineral Property increases from 54% to 94%.
If SER elects not to contribute, its JV Interest will be diluted according to industry formula.
After the transfer of the Muping JV Interest to Dahedong has been completed and before the transfer of the Muping JV Interest to Majestic Yantai is completed, 60% of Net Profits will be distributed to Majestic Yantai, 25% of Net Profits will be distributed to Dahedong to compensate Dahedong for the use of the Mining Assets and the remaining 15% of Net Profits retained by JVCo pending completion of the acquisition of the Muping JV Interest by Majestic Yantai.