TELPART PARTICIPACOES S.A Sample Clauses

TELPART PARTICIPACOES S.A. (a) to take all the necessary steps to assure the compliance with the purpose contemplated in Article One, SOLE PARAGRAPH, of the present Contract; (b) to implement all the required acts to assure the execution of the investment plan as submitted to BNDES; (c) to immediately advise BNDES about any fact or act that could hinder the compliance with the purpose referred to in Article One, SOLE PARAGRAPH, of the present Contract, particularly as far as the agreed guarantees are concerned; (d) to previously advise BNDES about any change that could take place in the ownership of the BENEFICIARY and the INTERVENIENT providing personal guarantee; (e) to exert its direct or indirect controlling power over the BENEFICIARY so as to comply with the concession contract no. 010/97 - DOTC/SFO/MC signed between the BENEFICIARY and ANATEL; E-128 10 (f) to fulfill its duties and responsibilities in relation to the controlled company TELEMIG PARTICIPACOES S.A. and to cause the latter to fulfill its duties and responsibilities before the BENEFICIARY in accordance with articles 115, 116 and 117 of Law no. 6404 of 15.12.76. ARTICLE SEVENTEEN RECIPROCAL PROXY The BENEFICIARY, the guarantor and the intervenient TELPART PARTICIPACOES S.A. hereby irrevocably constitute themselves their mutual, reciprocal proxies until the final, settlement of the debt arising out of this Contract, with powers to receive service of process, notices and legal notices, "ad judicia" powers for the general jurisdiction, which may be assigned to a counsel, all related to any judicial or extra-judicial proceedings filed against them by BNDES in connection with this Contract, and power to take all the necessary measures for the full and faithful performance of such power of attorney.