DELEGATION AND ADMINISTRATION Sample Clauses

DELEGATION AND ADMINISTRATION. The President of EMPRESA COLOMBIANA DE PETROLEOS - ECOPETROL - delegates on the Exploration and Production Vice-President the administration of this contract, according to ECOPETROL's standards and provisions, with faculties for executing all transactions and processes inherent to Contract Development. The Vice-President of Exploration and Production may exercise this delegation through the Joint Operations Vice-President.
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DELEGATION AND ADMINISTRATION. In keeping with ECOPETROL regulations, its President delegates the administration of this contract to the Vice President for Exploration and Production, with power to take all action pertinent to contract performance. The Vice-President of Exploration and Production may exercise this delegation via the Assistant Vice President for Joint Operations. CLAUSE 41 -VALIDITY This contract must be approved by the Ministry of Mines & Energy in order to be valid (and the incorporation and approval of the Colombian branch, if pertinent).
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DELEGATION AND ADMINISTRATION. In keeping with ECOPETROL regulations, its President delegates the administration of this contract tothe Vice President for Exploration and Production, with power to take all action pertinent to contract performance. The Vice-President of Exploration and Production may exercise this delegation via the Assistant Vice President for Joint Operations. CLAUSE 41 - VALIDITY This contract must be approved by the Ministry of Mines & Energy in order to be valid (and the incorporation and approval of the Colombian branch, if pertinent. In witness whereof, the parties sin in the presence of witnesses in Santa Fe de Bogota, on the 30th day of the month of December,nineteen hundred and ninety seven (1997) EMPRESA COLOMBIANA DE PETROLEOS ECOPETROL XXXXXXX XXXXXXXX XXXXXX President SEVEN SEAS PETROLUEM COLOMBIA INC. Xxxxxxx Xxxxx Xxxxx Legal Representative Witnesses EMPRESA COLOMBIANA DE PETROLEOS Calculation of area, director and distances using Gauss coordinates, origin Santafe de Bogota. Data and results of MONTECRISTO sector POINT NORTH EAST DISTANCE DIF. N. DIF. E DIRECTION A 1,402900.00 1,020,000.00 6,410.00 0.0 6,410.00 East B 1,402,900.00 1,026,410.00 2,790.00 0.0 2,790.00 East C 1,402,900.00 1,029,200.00 27,200.00 -27,200.00 0.00 South D 1,375,700.00 1,029,200.00 23,120.00 0.00 23,120.00 East E 1,375,700.00 1,052,320.00 4,088.76 - 4,012.22 787.44 S 1 1.6'1 3' 0.551 E F 1,371,687.78 1,053,107.44 14,183.60 114,132.11 - 1,207.44 S 4 53, 0" 0.460 W G 1,357,555.67 1,051,900.00 5,867.32 0.00 - 5,867.32 West H 1,357,555.67 1,046,032.68 8,027.36 - 6,555.67 - 4,632.68 S35 14, 51- 0.407w I 1,351,000.00 1,041,400.00 4,900.00 -4,900.00 0.00 South J 1,346,100.00 1,041,400.00 8,094.01 -12.00 8,094.00 S 89,54'54' 0.196E K 1,346,088.00 1,049,494.00 19,274.23 14,640.00 -12,536.60 S40 34'27" 0.390 W L 1,331,448.00 1,036,957.40 2,096.62 - 1,878.98 - 930.20 S26 20'16'.0.725E M 1,329,569.02 1,037,887.60 20,887.60 0.04 -20,887.60 X00 00'00" 0.605 W N 1,329,569.06 1,017,000.00 15,030.94 15,030.94 0.00 North O 1,344,600.00 1,017,000.00 3,000.00 0.00 3,00 0.00 East P 1,344,600.00 1,020,000.00 - W,300.00 58,300.00 0.00 North A 1,402,900.00 1,020,000.00 POLYGONAL AREA: 151,933 HECTARES, 5,950 M2 CONTENTS Page PART I - TECHNICAL ASPECTS Section One - Exploration 1 CLAUSE 1 INFORMATION TO BE SUPPLIED DURING EXPLORATION 1 CLAUSE 2 AREAS DEVOLUTION 4 Section Two - Production 1 CLAUSE 3 EXTENSIVE PRODUCTION TESTS 5 CLAUSE 4 COMMERCIAL FIELD 6 CLAUSE 5 OWN RISK MODALITY 6 CLAUSE 6 OPERATIONS IN...
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DELEGATION AND ADMINISTRATION. The PRESIDENT of EMPRESA COLOMBIANA DE PETROLEOS - ECOPETROL appoints the administration of this contract in the Vice-President of Exploration and Production, pursuant to the rules and Reglementary provisions of ECOPETROL, with faculties to execute all the matters concerning the development of this Contract. The Vice-President of Exploration and Production is authorized to perform this assignment through the Assistant Vice-Presidents of Exploration and Production. CLAUSE 40 - LANGUAGE For all effects and acts related to this contract, the official language is Spanish. CLAUSE 41 - VALIDITY To be valid, this contract requires the approval of the Ministry of Mines and Energy. In witness whereof, it is signed in Bogota, D.C., before witnesses, on the twentieth (20) day of the month of December of the year two thousand (2001). EMPRESA COLOMBIANA DE PETROLEOS ECOPETROL
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DELEGATION AND ADMINISTRATION. The Administrator may delegate to one or more separate committees (any such committee a “Subcommittee”) composed of one or more directors of the Company (who may but need not be members of any Committee comprising the Administrator) the ability to grant Awards and take the other actions described in Section 4(b) with respect to Participants who are not Officers, and such actions shall be treated for all purposes as if taken by the Administrator. The Administrator may delegate to a Subcommittee of one or more officers of the Company the ability to grant Awards and take the other actions described in Section 4(b) with respect to Participants (other than any such officers themselves) who are not directors or Officers, provided, however, that the resolution so authorizing such officer(s) shall specify the total number of rights or options such Subcommittee may so award, and such actions shall be treated for all purposes as if taken by the Administrator. Any action by any such Subcommittee within the scope of such delegation shall be deemed for all purposes to have been taken by the Administrator, and references in this Plan to the Administrator shall include any such Subcommittee. The Administrator may delegate the administration of the Plan to an officer or officers of the Company, and such administrator(s) may have the authority to execute and distribute agreements or other documents evidencing or relating to Awards granted by the Administrator under this Plan, to maintain records relating to the grant, vesting, exercise, forfeiture or expiration of Awards, to process or oversee the issuance of Shares upon the exercise, vesting and/or settlement of an Award, to interpret the terms of Awards and to take such other actions as the Administrator may specify. Any action by any such administrator within the scope of its delegation shall be deemed for all purposes to have been taken by the Administrator and references in this Plan to the Administrator shall include any such administrator, provided that the actions and interpretations of any such administrator shall be subject to review and approval, disapproval or modification by the Administrator.
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DELEGATION AND ADMINISTRATION. The PRESIDENT OF THE EMPRESA COLOMBIANA DE PETROLEOS - ECOPETROL- delegates to the Vicepresident of Associated Operations the administration of this Contract, pursuant to the laws and regulatory provisions of ECOPETROL, with capacity to exercise all the measures required for the performance of this contract. CLAUSE 40 - EFFECTIVENESS This contract requires for its effectiveness the approval of the Ministry of Mines and Energy. 25 In witness whereof, this contract is signed in Santa Fe de Bogota, before witnesses, on the eighteenth (18) day of September, nineteen hundred and ninety-five (1995). EMPRESA COLOMBIANA DE PETROLEOS HARKEN DE COLOMBIA, LTD. ECOPETROL
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DELEGATION AND ADMINISTRATION. 54 CLAUSE 41. LANGUAGE..................................................................................54 CLAUSE 42. VALIDITY..................................................................................54
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