OBLIGATIONS AND RESPONSIBILITIES OF THE CONSORTIUM MEMBERS. The Contractors undertake to provide the Operator, to the benefit of the Consortium and in the proportion of their shares, with funds required to achieve the objectives of this Consortium Agreement. The Operator shall conduct the Consortium Operations in compliance with the objectives of the Production Sharing Agreement and the Consortium Agreement executed herein, not earning gains or incurring losses when acting as Operator or due to such capacity. The activities developed by the Operator, in this capacity and to the benefit of the Consortium, shall not characterize, at any time and for any legal purposes, provision of services, management of third-party businesses, or employment bond of employees or agents of any Consortium Members between one another. The Contractors are jointly liable for the obligations under this Consortium Agreement before ANP, the Contracting Party, and third parties.
OBLIGATIONS AND RESPONSIBILITIES OF THE CONSORTIUM MEMBERS. 11.1. The Contractors undertake to provide the Operator, to the benefit of the Consortium and in the proportion of their shares, with funds required to achieve the objectives of this Consortium Agreement.
OBLIGATIONS AND RESPONSIBILITIES OF THE CONSORTIUM MEMBERS. The Consortium Members undertake to provide the Operator for the benefit of the Consortium, in the proportion to their shares, with the resources necessary to meet the objectives of this Consortium Contract. The Operator will lead the Operations of the Consortium with fidelity to the objectives of the Production Sharing Contract and Consortium now signed, without earning gains and incurring in losses when and due to acting as Operator. The activities performed by the Operator, as such, for the benefit of the Consortium, at any time and for any purpose of law are to be had as provision of services, business management of third parties or employment relationship of employees or representatives of any Consortium Members in relation to one another. The Consortium Members are jointly and severally liable for the obligations arising from this Consortium Contract before ANP, the Federal Government and third parties. CLAUSE THIRTEENTH - SUPPLEMENTARY PROVISIONS The Operator will be responsible for the registration, calculation and payment of the taxes derived from the Operations of the Consortium, and the other Consortium Members must contribute with the financial resources for such disbursements according to procedures to be established in specific documents entered into by the Parties, as per the share percentages set out in clause 5.1 of this contract. The Operator will be responsible for providing statements of the taxes capable of utilization, accompanied by the respective tax documents, so as to enable the Consortium Members to utilize tax credits in accordance with the provisions of Clause Eighth - Taxes, of the Production Sharing Contract. CLAUSE FOURTEENTH - NOTIFICATIONS The notifications and communications shall be in writing and may be sent by fax or mailed to the addresses listed below. The notifications and communications are to be made when delivered by hand, or, in the case of notifications by fax, on the first working day after the confirmation of its receipt. Any Party has the right to change its address at any time and/or designate that copies of such notifications should be directed to another person at any other address, provided it is communicated in writing to all other Parties. Pré-Xxx Petróleo S.A. (COMPANY INFORMATION) Petróleo Brasileiro S.A. - PETROBRAS Avenida República do Xxxxx, 00, Sala 1704 20031-912 – Rio de Janeiro – RJ, Brasil Attention: General Manager of New Business Phone: (00-00) 0000-0000 Fax: (00-00) 0000-0000/3026 ________...
OBLIGATIONS AND RESPONSIBILITIES OF THE CONSORTIUM MEMBERS. 12.1.1. The Consortium Members undertake to provide the Operator for the benefit of the Consortium, in the proportion to their shares, with the resources necessary to meet the objectives of this Consortium Contract.
