Liability of Participants. The obligations of each Participant under this Agreement are— (a) several (in proportion to their respective percentage interests from time to time in the Joint Venture) as regards monetary obligations (whether in debt or in damages, including damages for breach of any non-monetary obligation); and (b) joint as regards non-monetary obligations.
Appears in 5 contracts
Samples: Queensland Gladstone Power Station Agreement Act 1993, Gladstone Power Station Agreement Act 1993, Queensland Gladstone Power Station Agreement Act 1993
Liability of Participants. The obligations of each Participant under this Agreement are—
(a) several (in proportion to their respective percentage interests from time to time in the Joint Venture) as regards monetary obligations (whether in debt or in damages, including damages for breach of any non-monetary obligation); and
(b) joint as regards non-monetary obligations.
(a) (i) Rights and interests under this Agreement cannot be assigned, mortgaged, charged, disposed of or otherwise dealt with by a Participant or the Operator except as provided in this Clause 21.
Appears in 2 contracts
Samples: Gladstone Power Station Agreement Act 1993, Gladstone Power Station Agreement Act 1993
