Common use of The Consortium Clause in Contracts

The Consortium. 1.1 The Consortium is composed of each of the above-mentioned Consortium Entities. Each undertaking made under – or in execution of – this Agreement by the Consortium shall be deemed personally undertaken by each of the Consortium Entities themselves. The Consortium Entities expressly waive any right to annul any commitment undertaken on its behalf by the Consortium. 1.2 The Consortium shall be coordinated by Ministry of Tourism San Marino (hereinafter the “Consortium Coordinator”). The Consortium Coordinator shall be responsible for liaising with ETC on behalf of the Consortium, in particular with regard to the Consortium’s reporting obligations under this Agreement. 1.3 The Consortium Entities acknowledge irrevocably and unconditionally that the obligations undertaken by the Consortium Coordinator on behalf of the Consortium are deemed to be undertaken directly by the Consortium. 1.4 The Consortium Entities will agree upon appropriate arrangements between themselves for the proper decision making, management and implementation of the Campaign. They will assume joint responsibility towards the completion and final delivery of the Campaign. 1.5 Each Consortium Entity shall be severally liable to ETC for the payment of its own part of the contribution to the Campaign. In case one of the Consortium Entities fails to settle its invoice, ETC shall have the right to suspend temporarily or cancel the implementation of the Agreement without any financial implications on ETC’s side.

The Consortium. 1.1 The Consortium is composed of each of the above-mentioned Consortium Entities. Each undertaking made under – or in execution of – this Agreement by the Consortium shall be deemed personally undertaken by each of the Consortium Entities themselves. The Consortium Entities expressly waive any right to annul any commitment undertaken on its behalf by the Consortium. 1.2 . The Consortium shall be coordinated by Ministry of Tourism San Marino CzechTourism (hereinafter the “Consortium Coordinator”). The Consortium Coordinator shall be responsible for liaising with ETC on behalf of the Consortium, in particular with regard to the Consortium’s reporting obligations under this Agreement. 1.3 . The Consortium Entities acknowledge irrevocably and unconditionally that the obligations undertaken by the Consortium Coordinator on behalf of the Consortium are deemed to be undertaken directly by the Consortium. 1.4 . The Consortium Entities will agree upon appropriate arrangements between themselves for the proper decision making, management and implementation of the Campaign. They will assume joint responsibility towards the completion and final delivery of the Campaign. 1.5 . Each Consortium Entity shall be severally liable to ETC for the payment of its own part of the contribution to the Campaign. In case one of the Consortium Entities fails to settle its invoice, ETC shall have the right to suspend temporarily or cancel the implementation of the Agreement without any financial implications on ETC’s side.