ORGANIZATION OF THE CONSORTIUM Sample Clauses

ORGANIZATION OF THE CONSORTIUM. 3.1. The Consortium shall have its principal place of business in the city of (Brasília – DF or Rio de Janeiro – RJ), Brazil. 3.2. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties.
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ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília, DF or Xxx xx Xxxxxxx, XX), Xxxxxx. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE The parties elect __________ as leader of the Consortium and Operator, who accepts to work as such. The Operator is responsible for conducting and performing the Operations, by performing acts, entering into juristic acts, and representing the Consortium before ANP, the Federal, State, and Municipal Governments, as well as to third parties, as of the effective date of this Consortium Agreement. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, as long as not contrary to the terms of the Production Sharing Agreement. Annex XI of the Production Sharing Agreement is an integral part of this Consortium Agreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, forms, and procedures established in specific documents, as long as not contrary to the terms of the Production Sharing Agreement and its annexes.
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ORGANIZATION OF THE CONSORTIUM. The Consortium shall have its principal place of business in the city of _________ (Brasília – DF or Rio de Janeiro – RJ), Brazil. The Consortium, as well as the execution of the subject matter of this Consortium Agreement and the use of the Common Assets, does not constitute a company between the Parties. SECTION FOUR – OPERATIONS MANAGEMENT – OPERATOR AND OPERATING COMMITTEE pursuant to article 4 of Law No. 12,351/2010 and CNPE Resolution No. 13/2017, Petrobras is the Operator and leader of the Consortium. The Operating Committee shall be responsible for resolutions regarding management of the Consortium, which organization, competence, powers, fields of operation, composition, frequency of meetings, voting procedures, and matters specially subject to its resolution shall be defined in specific documents to be entered into by and between the Parties, if not contrary to the terms of the Production Sharing Agreement. The Consortium’s decisions shall be approved by vote as established in Annex XI to the Production Sharing Agreement and according to the criteria, manners, and procedures established in specific documents, if not contrary to the terms of the Production Sharing Agreement and its Annexes.
Sample 1
ORGANIZATION OF THE CONSORTIUM. The DBOT has oversight responsibility for the Consortium because it is a direct support organization of Indian River State College (“the College”) and was created to operate the charter schools owned and operated by the College in a manner consistent with the purposes, goals, and objectives of the DBOT and the College, at all times. In order to fulfill this responsibility, the DBOT requires the Consortium to be properly organized and meet the minimum standards and requirements set forth in the applicable Florida Statutes, College policies and procedures and this Agreement.
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ORGANIZATION OF THE CONSORTIUM 
Sample 1

Related to ORGANIZATION OF THE CONSORTIUM

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Seller The Seller is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Organization and Related Matters Buyer is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

  • Organization and Qualification of the Company The Company is a corporation duly organized, validly existing and in good standing under the Laws of the state of Nevada and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as it has been and is currently conducted. Section 3.01 of the Disclosure Schedules sets forth each jurisdiction in which the Company is licensed or qualified to do business, and the Company is duly licensed or qualified to do business and is in good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently conducted makes such licensing or qualification necessary, except where the failure to be so licensed, qualified or in good standing would not have a material cost or other effect on the Company.

  • Organization and Standing The Company is a corporation duly formed, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

  • Organization and Status Purchaser (a) is duly formed, validly existing and in good standing under the laws of the jurisdiction of its formation as set forth in the preamble to this Agreement, (b) is duly qualified, authorized to do business and in good standing in each other jurisdiction where the character of its properties or the nature of its activities makes such qualification necessary, and (c) has all requisite power and authority to own or hold under lease the property it purports to own or hold under lease and to carry on its business as now being conducted. Purchaser has made available to Seller complete and correct copies of the Organization Documents for Purchaser.

  • Organization of Company The Company, a corporation duly organized, validly existing and in good standing under the laws of the State of Illinois and the Company is legally qualified to transact business in Illinois. The Company has full power and authority to own or lease and to operate and use its assets and to carry on its business at the Project. There is no pending or threatened proceeding for the dissolution, liquidation, insolvency, or rehabilitation of the Company.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

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