Common use of DUTIES AND POWER Clause in Contracts

DUTIES AND POWER. Each Constituent Authority shall at all times: (a) use its reasonable skills and endeavours to promote and carry on the Pooling Collaboration for the benefit of the Constituent Authorities, and conduct itself in a proper and responsible manner; (b) devote such time and attention as the Constituent Authorities may decide in writing to be necessary and appropriate to the Pooling Collaboration; (c) comply with all legislation, regulations, professional standards and other provisions as may govern the conduct of the Pooling Collaboration, or be determined by the Constituent Authorities as standards to be voluntarily applied to the Pooling Collaboration; (d) show the utmost good faith to the other Constituent Authorities in all transactions relating to the Pooling Collaboration and give them a true account of, and full information about, all things affecting the Pooling Collaboration; (e) inform the Constituent Authorities without delay on becoming party to any legal proceedings in connection with the Pooling Collaboration; (f) punctually pay and discharge its present and future debts and financial obligations; (g) shall not do or fail to do anything which shall bring any of the other Constituent Authorities, or itself, into disrepute; (h) obtain all necessary consents sufficient to carry on their duties to the Pooling Collaboration.