Common use of OBLIGATIONS AND RESPONSIBILITIES OF THE CONSORTIUM MEMBERS Clause in Contracts

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. The Contractors Contracted Parties 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 neither earning gains or nor 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 Contracted Parties are jointly liable for the obligations under this Consortium Agreement before ANP, the Contracting Party, and third parties.