Common use of Company as Agent Clause in Contracts

Company as Agent. 20.1 If Company enters into the Contract in its capacity as agent on behalf of any Disclosed Principal as set out in the Contract or as otherwise notified to Contractor by Company: (a) Contractor must nevertheless deal only with Company in relation to the Contract; (b) Contractor acknowledges that, in the event Company enters into the Contract in its capacity as agent on behalf of Coventurers, the interests of the Coventurers may change from time to time without notice to Contractor; (c) the rights and remedies under the Contract may be exercised by Company for itself and for and on behalf of the Coventurers; (d) Contractor’s duties and obligations under the Contract are deemed to take effect for the benefit of Company and each of the Coventurers, and Company is authorized to enforce those duties and obligations on its own and the Coventurers’ behalf; and (e) Contractor may only enforce its rights and remedies in and under the Contract against Company (i) with respect to Company’s own interest; and (ii) as agent severally for each of the Coventurers. 20.2 Contractor must not without prior Approval communicate in any way directly or indirectly with any Coventurer or any governmental or semi-governmental authority or body in respect of any matter or thing relating directly or indirectly to the Contract (except to the extent required by any Applicable Laws).

Appears in 4 contracts

Samples: Services Agreement, Services Agreement, Services Agreement

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