Common use of Responsibility for losses and damages Clause in Contracts

Responsibility for losses and damages. 1. Contractor, in its capacity as the entity responsible for the execution of the Petroleum Operations within the Contract Area, shall be liable to third parties to the extent provided under the Law for any losses and damage it may cause to them in conducting the Petroleum Operations and shall indemnify and defend Sonangol with respect thereto, provided that Sonangol has given timely notice of the claims and opportunity to defend. 2. Contractor is also liable, under the terms of the Law, for losses and damage which, in conducting the Petroleum Operations, it may cause to the State and, in case of Contractor’s gross negligence or willful misconduct or Serious Fault, to Sonangol. 3. The provisions of the preceding paragraphs 1 and 2 do not apply to losses and damage caused during Petroleum Operations for account and risk of Sonangol, for which Sonangol shall indemnify and defend Contractor, and in relation to which Contractor shall only be liable for such losses and damage caused by its gross negligence or willful misconduct or Serious Fault. 4. Subject to Article 20, if Contractor comprises more than one (1) entity, the liability of such entities hereunder is joint and several.

Appears in 4 contracts

Samples: Risk Services Agreement, Risk Services Agreement, Risk Services Agreement (Cobalt International Energy, Inc.)

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Responsibility for losses and damages. 1. ContractorContractor Group, in its capacity as the entity responsible for the execution of the Petroleum Operations within the Contract Area, shall be liable to third parties to the extent provided under the Law for any losses and damage it may cause to them in conducting the Petroleum Operations and shall indemnify and defend Sonangol with respect thereto, provided that Sonangol has given timely notice of the claims and opportunity to defend. 2. Contractor Group is also liable, under the terms of the Law, for losses and damage which, in conducting the Petroleum Operations, it may cause to the State and, in case of Contractor’s Contractor Group's willful misconduct, gross negligence or willful misconduct or Serious Faultserious fault, to Sonangol. 3. The provisions of the preceding paragraphs 1 and 2 do not apply to losses and damage caused during Petroleum Operations for account and risk of Sonangol, for which Sonangol shall indemnify and defend ContractorContractor Group, and in relation to which Contractor Group shall only be liable for such losses and damage caused by its willful misconduct, gross negligence or willful misconduct or Serious Faultserious fault. 4. Subject to Article 20, if If Contractor Group comprises more than one (1) entity, the liability of such entities hereunder members is joint and several.

Appears in 2 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement

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