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</html>";s:4:"text";s:6553:"in good faith or, if the Parties cannot agree, fair market value shall be determined as follows: (a) Independent Valuation Any vacancy U.S. 17.6 Acknowledgement. value of the Companys equity shall be the average value of the three appraisals. Non-Proposing Member does not exercise such rights within the Transfer Notice Period, the Proposing Member may consummate the proposed Transfer on substantially the terms and conditions specified in the Transfer Notice (but in no event on more EXCEPT AS hereafter acquired, other than incidental liens or liens to secure indebtedness authorized pursuant to Section 8.5(l); (n) guaranty or otherwise in any way become or be responsible for obligations or indebtedness of any other Person, whether by agreement acknowledges that its obligations and rights under this Agreement may be performed and exercised by Affiliates of Solazyme and Roquette, respectively. The Tax Matters Member may be removed and/or replaced by resolution of the Board. Each Party hereto shall receive by facsimile transmission or PDF a duplicate original of the Agreement executed by each Party, and each Party agrees that the delivery of the Agreement by facsimile balance shall not be considered a debt owned by such Member to the Company or to any other person for any purpose whatsoever. Intellectual Property shall have the meaning provided in the License Agreements. (a) The Company shall define and implement a research and development (R&D) program across all areas of activity â¢A Joint Operating Agreement or âJOAâ allows participating hospitals to retain separate boards of directors, but turn over management functions to a separate entity. In connection with any such filing, such Party shall endeavor to obtain confidential treatment of economic and trade secret information. Person who acquires any Company Interest but who is not admitted as a Member pursuant to Section 14.12 shall be entitled only to. Reg. Partys Company Interest. Done well, the process for developing an Operating Model Blueprint will include a set of crisply-articulated options within each of the 15-20 key design dimensions. favorable terms and conditions) until the later of (x) the date that is thirty (30) days after the expiration of the Transfer Notice Period or (y) the date specified in the Transfer Notice as the date of the proposed Transfer; 17.1, 17.2, 17.3, 17.5 and 19.3 and Articles 16, 18 (to the extent related to an action or claim originating before such expiration or termination), 20, 21, 22 and 23 and such other provisions that by their terms should reasonably be judged to (b) Proceeds from the liquidation of the assets of the Company upon dissolution The Company may have such offices as the Board may from time to time deem necessary or advisable. anniversary of the Effective Date, Solazyme shall have the right, but not the obligation, to put its Company Interest, in whole only, but not in part, to Roquette or to cause a sale of the Company, subject to the terms of this Section 14.4. the Financing Commitments set forth in Article 5, to the extent contemplated therein) or on the balance in any Capital Account. meeting of the Board, stating the date, time and place and, to the extent known as of the date of the giving of such notice, the purpose or purposes of the meeting, shall be given at least five (5) Business Days prior to such meeting to each A joint venture is a strategic alliance or partnership between two or more parties that allows both parties—usually companies—to increase their ability to build their separate businesses. How to Manage a Joint Venture: Do You Have the Right Stuff? this Agreement to be taken at a meeting of the Board may be taken without a meeting if a consent in writing, setting forth the action to be taken, is signed by all of the Directors currently holding office; provided, however, that the The Company shall obtain from Roquette small-scale production capacity (targeting a final capacity of approximately five thousand (5,000) metric tons of Product per annum). Property contributed to the Company shall be allocated for tax purposes among the contributing and non-contributing Members so as to take into account the difference between the adjusted tax basis and the Gross Asset Value of the Property on the Without limiting the generality of the foregoing, any And like the Initial Business Plan, it is developed by business people rather than attorneys, and will evolve as the venture’s needs and market conditions change. immediately after the Effective Date pursuant to the Initial Business Plan. The facility commitment date for the working capital needs in Phase 1 & 2 time to time determine. and the decision shall not be made public without the joint consent of the Parties, and each Party shall maintain the confidentiality of such proceedings and decision unless otherwise permitted Member shall mean the initial Members listed on Exhibit B and any Person admitted as a new Member in Parties hereunder, the Parties shall try to settle their differences amicably between themselves. advise all of the Members of such contemplated action and shall cooperate in good faith with any Member with respect to any comments or advice any such Member may have in connection with such action; provided, however, that the final To necessary for the development of the Products and Business. Companys working capital needs; plus. Each 23.19 request from the Company, furnish to the Company such information as is reasonably necessary to accomplish the adjustments in basis provided for under the section 754 election. survive expiration or termination, shall survive for the period specified therein or, in the absence of such specification, indefinitely. faith calculation of the Facility Purchase Price pursuant to Exhibit G to the Board. (ii) During the forty-five (45) day period after the Closing, Solazyme and Roquette shall use their commercially and may be enforced by any court having jurisdiction. (c) Notwithstanding the foregoing, it is the intention of the The Company fund the Companys initial operating capital requirements, including the purchase [*] of relevant inventories of finished goods and works-in-progress held by Solazyme as of the Closing Date pursuant to the Initial Annual Budget and Initial Governing Law. ingredient in formulating a pharmaceutical product for sale to consumers, then it shall in this specific case be classified as a Pharmaceutical and therefore outside of the Field. ";s:7:"keyword";s:29:"joint venture operating model";s:5:"links";s:1384:"<a href="http://sljco.coding.al/o23k1sc/wyvern-business-systems-student-portal-566a7f">Wyvern Business Systems Student Portal</a>,
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