Joint Venture Entity Clause Samples

Joint Venture Entity. The Parties will cause to be formed a limited liability company in the state of Florida under a trade name agreeable to each Party (the “Joint Venture Entity”). The membership interests of the Joint Venture Entity shall be owned initially 70% by Net Element and 30% by the Guru. The Joint Venture Entity will be operated pursuant to an operating agreement that will be agreed to and executed by both Parties. The Joint Venture Entity shall be managed by the Guru as its managing member or Chairman of the Board of Directors. In addition, the Guru shall be the Chief Executive Officer of the Joint Venture Entity.

Joint Venture Entity. At such time as NEVTAH has met the funding schedule described on Exhibit A, NEVTAH and PAMCO will create a joint venture entity called NEVCO LLC ("NEVCO"), a Tennessee limited liability company ("LLC"). NEVTAH and PAMCO will each own fifty percent (50%) of the Financial Interest and Governance Interest, and will be the only members, of NEVCO. NEVCO will be a board-managed LLC and NEVTAH and PAMCO will each select two (2) members to sit on the Board of Governors, which will be limited to no more than five (5)

Joint Venture Entity. The exact nature of the business entity or legal structure through which BHP and Golden Star shall hold Assets and conduct commercial mining activity pursuant to the JVA shall be jointly determined by the Parties giving due regard to the tax, legal liability and other considerations of each Party, as well as any necessary government approvals.

Joint Venture Entity. The shareholders of LLC will review and agree as appropriate by way of a separate agreement on the future role of LLC and the further use of LLC's trademark by the end of the second quarter of 2003. Until such separate agreement is made, Ceres and CBOT shall continue to use the trademark "a/c/e" for the CBOT Electronic Market as is presently the case.

Joint Venture Entity. Within ten (10) calendar days of the Effective Date, the Parties agree to form a California limited liability company to operate the joint venture on the following terms: A. The name of the new entity will be: B. GCTLO will be a manager-managed limited liability company, with three (3) managers as follows: i. GCT; ii. Seawolf; and iii. a third manager to be designed by GCT. C. GCT will own seventy five percent (75%) of the membership interests of GCTLO. D. Seawolf will own twenty five percent (25%) of the ownership interests of GCTLO. E. GCTLO will enter into at-will employment agreements with Ja▇▇▇▇▇ ▇▇▇▇ (“JWolf”) and DJ ▇▇▇▇ (“DJWolf”) in the form attached hereto as Exhibit A and Exhibit B (the “Employment Agreements”).

Joint Venture Entity. 10 Section 6.2

Joint Venture Entity. A Joint Venture entity (partnership, -------------------- corporation or limited liability partnership or company) will be formed to operate the business of the Project and commercialize and market the Systems in the Field of Use in the Territory and, as provided in Article VII, outside the Territory. Each party will own a fifty percent (50%) interest in the Joint Venture entity.

Joint Venture Entity. Horizon and DSND agree to establish (either directly or through Subsidiaries or Affiliates) a joint venture entity (the "JV") to engage in deep water pipe laying and sub sea construction activities. The JV shall be owned thirty percent (30%) by Horizon and seventy percent (70%) by DSND.

Joint Venture Entity. A new corporation shall be established by the parties in Brazil ("Newco") with the assistance of Brazilian counsel selected by Mineracao Batovi with legal fees to be paid for by Diamante Minerals. Within three days of the establishment of Newco, Mineracao Batovi will contribute the mineral claims in M▇▇▇ ▇▇▇▇▇ as indicated on Schedule A to Newco for 80% of the equity interest in Newco and Diamante will contribute $1,000,000 in cash to Newco for 20% of the equity interest in Newco.