Betekenis van:
jv

Voorbeeldzinnen

1. This definition of relevant product market was also applied by the Commission in Case JV.44 Hitachi/Nec at points 14-20 (Decision of 3 May 2000).
2. In addition, the independent auditors to the JV shall report at regular intervals to the Commission on the fulfilment of this element of the commitments.
3. A binding purchase agreement for the sale of Sveberg has to be concluded with a suitable buyer before the JV can be created.
4. The executives, who are not members of the board, will fulfil any orders of the parent companies on the sole basis that the order is not contrary to the economic interest of the JV.
5. The initial shareholders’ agreement for the JV foresees that the supply of centrifuges to Areva or Urenco, be it as part of the JV’s business plan/budget or beyond that, will require the unanimous approval of the ETC board.
6. Phoenix markets its OES/OEM air springs for trucks and buses in a joint venture (‘Vibracoustic’) with the German component producer Freudenberg (see case M.1778 — Freudenberg/Phoenix/JV). Vibracoustic has, however, no own production for air springs for commercial vehicles but sells springs produced by Phoenix.
7. In order to eliminate the Commission’s concerns the parties committed that the shareholders agreement shall be amended in such a way that, when it is proposed that the JV enters into a new supply agreement for centrifuges with one of the parties, such a decision shall not require the approval of the board, but will be left to the executives, provided that: (a) the terms are not more favourable than other contracts with Areva or Urenco; (b) the contracts are conditional upon approval of the Joint Committee and the Quadripartite Committee, or any other required governmental regulatory approval or requirements, such approvals are granted and (c) the proposed additional capital expenditure does not exceed [< 20] million.