Ecologic Control Sample Clauses

Ecologic Control. THE ASSOCIATE, in conducting all the activities of the contract, must comply with the provisions of the National Code of Renewable Natural Resources and Environmental Protection and the other legal provisions on the matter. To such end, THE ASSOCIATE agrees to execute a permanent plan of a preventive nature to guarantee the preservation and restoration of the natural resources within the zones in which the exploration, exploitation and transportation work which is the object of this contract is carried out. Said plans and programs shall be communicated by THE ASSOCIATE to the communities and entities of a national and regional order related to this matter. Likewise, specific contingency plans must be established to attend to the emergencies which might arise and the pertinent remedial actions must be carried out. To such end, THE ASSOCIATE must coordinate said plans and actions with the competent entities. The respective programs and Budgets must be prepared by THE ASSOCIATE in accordance with the pertinent clauses of this contract. All the costs incurred shall be assumed by THE ASSOCIATE during the Exploration Period and by both Parties, charging the Joint Account, during the Exploitation Period. CLAUSE 31 - TAXES, LEVIES AND OTHERS The levies and contributions which accrue after the establishment of the Joint Venture and before the Parties receive their participation in the proceeds, which are attributable to the exploitation of the Petroleum, shall be charged to the Joint Account. Income, capital and supplementary taxes shall be for the exclusive account of each one of the Parties to the extent corresponding to each one.
Sample 1
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Related to Ecologic Control

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  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

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  • Environmental, Health and Safety The Policy Board shall review, approve and monitor environmental and workplace health and safety guidelines, the goal of which is to achieve compliance with current national, state and local laws and regulations regarding environmental and workplace health and safety.

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  • Environmental, Health and Safety Laws There does not exist any violation by the Borrower or any Subsidiary of any applicable federal, state or local law, rule or regulation or order of any government, governmental department, board, agency or other instrumentality relating to environmental, pollution, health or safety matters which will or threatens to impose a material liability on the Borrower or a Subsidiary or which would require a material expenditure by the Borrower or such Subsidiary to cure. Neither the Borrower nor any Subsidiary has received any notice to the effect that any part of its operations or properties is not in material compliance with any such law, rule, regulation or order or notice that it or its property is the subject of any governmental investigation evaluating whether any remedial action is needed to respond to any release of any toxic or hazardous waste or substance into the environment, the consequences of which non-compliance or remedial action could constitute an Adverse Event.

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