Common use of Undivided Share in Rights and Obligations Clause in Contracts

Undivided Share in Rights and Obligations. Assignment, in whole or in part, of the Contract Area shall always represent an undivided share in the Contractor’s rights, observing the joint liability of the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 22 contracts

Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

AutoNDA by SimpleDocs

Undivided Share in Rights and Obligations. Assignment, in whole or in part, of the Contract Concession Area shall always represent an undivided share in the ContractorConcessionaire’s rights, observing the joint liability of the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 10 contracts

Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas

Undivided Share in Rights and Obligations. Assignment, in whole or in part, Assignment of the Contract Concession Area shall always represent an undivided share in the ContractorConcessionaire’s rightsrights and obligations, observing the joint liability of the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 8 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement

Undivided Share in Rights and Obligations. Assignment, in whole or in part, of the Contract Concession Area shall always represent an undivided share in the ContractorConcessionaire’s rights, observing the joint liability of the assignor and the assignee under the Applicable Laws and RegulationsLaws.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Concession Agreement for Exploration and Production of Oil and Gas

AutoNDA by SimpleDocs

Undivided Share in Rights and Obligations. Assignment, in whole or in part, of the Contract Concession Area shall always represent an undivided share in the ContractorConcessionaire’s rightsrights and obligations, observing the joint liability of the assignor and the assignee under the Applicable Laws and Regulations.

Appears in 2 contracts

Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas

Undivided Share in Rights and Obligations. Assignment, in whole or in part, of the Contract Area shall always represent an undivided share in the Contractor’s Contracted Parties rights, observing the joint liability of the assignor and the assignee under the Applicable Laws and RegulationsLaws.

Appears in 1 contract

Samples: Production Sharing Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!