SECTION EIGHT – EFFECTIVENESS Sample Clauses

SECTION EIGHT – EFFECTIVENESS. 8.1. This Consortium Agreement shall become effective on its execution date and shall remain so for forty (40) years or until all obligations arising from the Production Sharing Agreement are performed.
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SECTION EIGHT – EFFECTIVENESS. This Consortium Agreement shall become effective on its execution date and shall remain so for forty (40) years or until all obligations arising from the Production Sharing Agreement are performed. The Consortium Members may terminate this Agreement, as long as they have previously reached an agreement and performed their obligations in the Production Sharing Agreement. Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting Party shall, under the Production Sharing Agreement, be divided among the Consortium Members according to their shares. Upon termination of this Consortium Agreement, the Parties shall file a termination notice with the competent Commercial Registry.
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SECTION EIGHT – EFFECTIVENESS. This Consortium Agreement shall become effective on its execution date and shall remain so for 40 years or until all obligations arising from the Production Sharing Agreement are performed. The Consortium Members may terminate this Agreement, as long as they have previously reached an agreement and performed their obligations in the Production Sharing Agreement. Upon termination, the Common Assets shall be orderly settled by the Operator, and the proceeds of the sale of Common Assets not inuring to the benefit of the Contracting Party, under the Production Sharing Agreement, shall be divided between the Consortium Members according to their shares. After this Consortium Agreement is terminated, the Parties shall file a termination notice with the competent Commercial Registry. SECTION NINE – FORCE MAJEURE In case any acts or performance provided for in this Consortium Agreement are delayed, reduced, or hindered by act of God or force majeure, non-performance by the affected Consortium Member shall only be waived if the act of God or force majeure is acknowledged and declared according to the Production Sharing Agreement. SECTION ELEVEN – ARBITRATION AND GOVERNING LAW Any dispute, controversy, or demand resulting from or related to this Consortium Agreement, including any matter regarding its existence, effectiveness, or termination, shall be settled according to Section Thirty-Six of the Production Sharing Agreement. The law applicable to this Consortium Agreement is the Brazilian law.
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Related to SECTION EIGHT – EFFECTIVENESS

  • Effectiveness Any notice or other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated:—

  • Counterparts; Integration; Effectiveness This Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement.

  • TERM OF EFFECTIVENESS AND TERMINATION 8.1. This Agreement takes effect on the Effective Date and shall continue to be in force for , or until all obligations of the Parties have been fully discharged. Unless one Party notifies the other of its intention to terminate this Master Agreement at least 30 (thirty) days prior to the end of the current term, this Agreement will be automatically extended for an identical duration and under the same terms as stipulated herein.

  • Initial Effective Date The initial effective date of coverage under the Group Insurance Program is the thirty-fifth (35th) day following the employee's first day of employment, re- hire, or reinstatement with the State. The initial effective date of coverage for an employee whose eligibility has changed is the date of the change. An employee must be actively at work on the initial effective date of coverage, except that an employee who is on paid leave on the date State-paid life insurance benefits increase is also entitled to the increased life insurance coverage. In no event shall an employee's dependent's coverage become effective before the employee's coverage. If an employee is not actively at work due to employee or dependent health status or medical disability, medical and dental coverage will still take effect. (Life and disability coverage will be delayed until the employee returns to work.)

  • EFFECTIVENESS; TERMINATION 5.01. The Additional Conditions of Effectiveness consist of the following:

  • Conditions to Effectiveness This Amendment shall become effective as of the date hereof and upon the satisfaction of the following conditions precedent:

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