![]() It is about sharing risk with others and providing one or more missing and needed assets and competencies.Ĭooperative Property The real property and improvements owned by the Cooperative Corporation, including the allocation of individual dwelling units to the holders of the Coop Shares of the Cooperative Corporation.įoreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement. ![]() The venture is for one specific project only, rather than for a continuing business relationship as in a strategic alliance. Joint Venture” - (Project means two or more businesses joining together under a contractual agreement to conduct a specific business enterprise with both parties sharing profit and losses. The giving by the Joint Venturers jointly of any guarantee (whether direct or indirect) to secure the obligation of any person arising under this agreement or otherwise in relation to Joint Venture Property. He stated SJRWMD was swapping approximately 6,300 acres with Fellsmere Joint Venture Property. The Joint Venture Growers agree to associate themselves with each other in a joint venture for the purposes specified above and in respect of the Joint Venture Property (defined in clause 2). If the vesting of any interest of any Joint Venturer in any Joint Venture Property would, but for this clause, be void under the rule against perpetuities at common law or under any statute imposing perpetuity periods, then that interest terminates within the maximum time from the Commencement Date permitted by the law of the Nominated State for that interest to be valid.īonuses will be paid on the first payroll in September of each year. The Joint Venture Property consists of the 81,500 acre LDG/GT Property as well as 226,000 acres controlled by Harry Winston. This will earn JOGMEC an unencumbered right, title and benefit to thirty-one point eight seven five percent (31.875%) of the Joint Venture Property. Joint Ventures (a) Within Flat-Rolled Table Joint Venture, (Property Location)U. On September 29, 2014, pursuant to a Royalty Purchase Agreement between JEX and Royal Gold (the “Royalty Purchase Agreement”), JEX sold its entire overriding royalty interest in the Peak Gold Joint Venture Property to Royal Gold. Upon dissolution, each Venturer shall look solely to the assets of the Venture for the return of its investment, and if the Venture Property remaining after payment or discharge of the debts and liabilities of the Venture, including debts and liabilities owed to one or more of the Venturers, is insufficient to return the aggregate Capital Contributions of each Venturer, such Venturers shall have no recourse against the Venture or any other Venturer. Examples of Venture Property in a sentence
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