FORMATION OF THE JV Sample Clauses

The 'Formation of the JV' clause defines the process and requirements for establishing a joint venture between the parties. It typically outlines the steps necessary to create the new entity, such as agreeing on the structure, capital contributions, and initial governance arrangements. This clause ensures that both parties have a clear understanding of how the joint venture will be set up, reducing ambiguity and helping to prevent disputes during the formation stage.
FORMATION OF THE JV. 2.1 NAME AND ADDRESS. The name of the company is "TSBN L.L.C." (the "JV"). The address of the JV is ▇▇▇▇ ▇ ▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇-▇▇▇▇.
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FORMATION OF THE JV. 3.1 The Parties agree that the JV shall, in accordance with Sections 4, 5, and 6 and upon satisfaction of the conditions identified in Section 23.1, be formed as a company limited by shares in Hong Kong under the Local Laws. The Shareholders shall arrange for the JV to commence business operations as soon as practicable after incorporation. 3.2 The name of the JV shall be AdForce Asia (H.K.), Ltd.. 3.3 The JV shall be registered in accordance with the Local Laws. 3.4 Pursuant to the terms of this Agreement, the Parties agree to sign all documents and to take such actions as may be necessary to incorporate and register the JV under the Local Laws. 3.5 If it becomes necessary for AdForce to advance costs or expenses on behalf of the JV before incorporation of the JV or otherwise, such amount(s) shall be reimbursed by the JV to AdForce as promptly as possible after incorporation of the JV.
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FORMATION OF THE JV. The Parties will cause the incorporation and registration of the JV as a private limited company ("PLC") organized under the laws of India. The JV shall be registered in the state of Maharashtra and its registered office shall be at 47 Government Industrial Estate, Charkop Kandivili (W)
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FORMATION OF THE JV. 3.1 Name and Address. The name of the JV shall be “Teknik Playentertainment, LLC”, or such other name hereafter selected by the Members. The principal place of business of the JV shall be 7▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ # ▇▇▇, ▇▇▇▇▇▇▇▇▇▇, Arizona. 3.2 Registered Office and Registered Agent. J▇▇▇ ▇▇▇▇ is hereby designated as the registered agent of the JV for service of process in the State of Arizona. His office located at 3▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ #▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ is designated as the registered office of the JV in the State of Arizona. The JV may from time to time change its registered agent for service of process, the location of its registered office within the State of Arizona and the location of its principal place of business.
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FORMATION OF THE JV. The Parties have agreed to establish the JV in the PRC for the purpose of acquiring the Target Land Parcel by way of the Bidding at the Public Auction. The equity interest of the JV will be owned as to 60% by the JV Partner and as to 40% by ▇▇▇▇▇▇▇▇.
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FORMATION OF THE JV. As soon as possible after receipt of the necessary governmental approvals, permits, licenses, consents and waivers (collectively, the "Governmental Approvals"), the parties will cause the incorporation and registration of the JV as a limited liability company organized under the laws of Korea. The Articles of Incorporation of the JV ("Charter") shall be substantially in the form of EXHIBIT 1.1 attached hereto.
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FORMATION OF THE JV. 1.1. The Parties hereby undertake to each other that as soon as practicable following the date hereof, they shall establish the JV. 1.2. The purpose of the JV shall be to identify, develop and commercialise products for non-military/commercial use. 1.3. The JV will be in the form of a limited liability company and will be jointly owned by RADA and HY or another entity controlled by ▇▇. ▇▇▇▇▇▇ ▇.▇.
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FORMATION OF THE JV 
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Related to FORMATION OF THE JV

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

  • Continuation of the Business of the Partnership After Dissolution Upon (a) dissolution of the Partnership following an Event of Withdrawal caused by the withdrawal or removal of the General Partner as provided in Section 11.1(a)(i) or (iii) and the failure of the Partners to select a successor to such Departing General Partner pursuant to Section 11.1 or Section 11.2, then, to the maximum extent permitted by law, within 90 days thereafter, or (b) dissolution of the Partnership upon an event constituting an Event of Withdrawal as defined in Section 11.1(a)(iv), (v) or (vi), then, to the maximum extent permitted by law, within 180 days thereafter, the holders of a Unit Majority may elect to continue the business of the Partnership on the same terms and conditions set forth in this Agreement by appointing as a successor General Partner a Person approved by the holders of a Unit Majority. Unless such an election is made within the applicable time period as set forth above, the Partnership shall conduct only activities necessary to wind up its affairs. If such an election is so made, then: (i) the Partnership shall continue without dissolution unless earlier dissolved in accordance with this Article XII; (ii) if the successor General Partner is not the former General Partner, then the interest of the former General Partner shall be treated in the manner provided in Section 11.3; and (iii) the successor General Partner shall be admitted to the Partnership as General Partner, effective as of the Event of Withdrawal, by agreeing in writing to be bound by this Agreement; provided, however, that the right of the holders of a Unit Majority to approve a successor General Partner and to continue the business of the Partnership shall not exist and may not be exercised unless the Partnership has received an Opinion of Counsel that (x) the exercise of the right would not result in the loss of limited liability of any Limited Partner under the Delaware Act and (y) neither the Partnership nor any Group Member would be treated as an association taxable as a corporation or otherwise be taxable as an entity for federal income tax purposes upon the exercise of such right to continue (to the extent not already so treated or taxed).

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.