Common use of Relationship of Sellers Clause in Contracts

Relationship of Sellers. 21.1.1 The Sellers are acting jointly in relation to matters such as the development of the Reservoir, the Sellers’ Facilities and the production, transportation and delivery of Specification Gas under this Agreement (and acting through the Sellers’ Coordinator in the circumstances set out in Article 21.2), but it is acknowledged by the Buyer (notwithstanding that this Agreement is entered into by all the Sellers with the Buyer) that nothing in this Agreement shall be deemed to constitute as between the Sellers any joint liability and each of the Sellers shall be liable to the Buyer only in respect of its Seller’s Percentage of such liability of Sellers as may arise under this Agreement.

Appears in 2 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement (Noble Energy Inc)

AutoNDA by SimpleDocs

Relationship of Sellers. 21.1.1 22.1.1 The Sellers are acting jointly in relation to matters such as the development of the Reservoirreservoirs in Sellers’ Petroleum Rights, the Sellers’ Facilities and the production, transportation and delivery of Specification Gas under this Agreement (and acting through the Sellers’ Coordinator in the circumstances set out in Article 21.222.2), but it is acknowledged by the Buyer (notwithstanding that this Agreement is entered into by all the Sellers with the Buyer) that nothing in this Agreement shall be deemed to constitute as between the Sellers any joint liability and each of the Sellers shall be liable to the Buyer only in respect of its Seller’s Percentage of such liability of the Sellers as may arise under this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (IC Power Pte. Ltd.), Purchase Agreement (IC Power Pte. Ltd.)

AutoNDA by SimpleDocs

Relationship of Sellers. 21.1.1 The Sellers are acting jointly in relation to matters such as the development of the Reservoir, the Sellers’ Facilities and the production, transportation and delivery of Specification Gas under this Agreement (and acting through the Sellers’ Coordinator in the circumstances set out in Article 21.2‎21.2), but it is acknowledged by the Buyer (notwithstanding that this Agreement is entered into by all the Sellers with the Buyer) that nothing in this Agreement shall be deemed to constitute as between the Sellers any joint liability and each of the Sellers shall be liable to the Buyer only in respect of its Seller’s Percentage of such liability of Sellers as may arise under this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Noble Energy Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.