JV Operating Agreements Sample Clauses

A JV Operating Agreements clause defines the rules and procedures governing the management and operation of a joint venture between two or more parties. It typically outlines the decision-making process, allocation of profits and losses, responsibilities of each party, and mechanisms for resolving disputes. For example, it may specify how budgets are approved, how new members can be admitted, or how key business decisions require unanimous consent. The core function of this clause is to ensure all parties have a clear understanding of their rights and obligations, thereby reducing the risk of misunderstandings and conflicts during the joint venture's operation.
JV Operating Agreements. All references to NAND Flash Memory Products in the JV Operating Agreements are hereby revised to refer instead to “NAND Flash Memory Products or BiCS Products”.
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JV Operating Agreements. The management and operating reports identified on Schedule 5.3 to each JV Operating Agreement will take into account any utilization by FPL, FAL and FFL, as applicable, of the K2 Ph1 JV Space.
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JV Operating Agreements 
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Related to JV Operating Agreements

  • Operating Agreement You have received and read a copy of the Company’s Operating Agreement (the “Operating Agreement”) and agree that your execution of this Subscription Agreement constitutes your consent to the Operating Agreement, and that upon acceptance of this Subscription Agreement by the Company, you will become a member of the Company as a holder of Class A Units. When this Subscription Agreement is countersigned by the Company, the Operating Agreement shall be binding upon acceptance of your subscription.

  • Operating Agreements The Partnership has performed all of its obligations under each of the Operating Agreements and no fact or circumstance has occurred which, by itself or with the passage of time or the giving of notice or both, would constitute a material default under any of the Operating Agreements. The Partnership shall not enter into any new management agreement, maintenance or repair contract, supply contract, lease in which it is lessee or other agreements with respect to the Property, nor shall the Partnership enter into any agreements modifying the Operating Agreements, unless (a) any such agreement or modification will not bind the Acquiror or the Property after the date of Closing or (b) the Contributors have obtained the Acquiror's prior written consent to such agreement or modification, which consent shall not be unreasonably withheld or delayed.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Operating Partnership Agreement The Operating Partnership Agreement, in substantially the form attached hereto as Exhibit B, shall have been executed and delivered by the partners of the Operating Partnership and shall be in full force and effect and, except as contemplated by Section 2.03 or the other Formation Transaction Documents, shall not have been amended or modified.

  • AMENDING OPERATING AGREEMENT This Agreement may only be amended by an affirmative vote or consent of all Members.