THE JOINT AUTHORITY Sample Clauses
THE JOINT AUTHORITY. 1. A Joint Authority is hereby established.
2. The Joint Authority shall have juridical personality and such legal capacities under the law of both Contracting States as are necessary for the exercise of its powers and the performance of its functions. In particular, the Joint Authority shall have the capacity to contract, to acquire and dispose of movable and immovable property and to institute and be party to legal proceedings.
3. The Joint Authority shall be responsible to the Ministerial Council.
4. Decisions of the Executive Directors of the Joint Authority shall be arrived at by consensus. Where consensus cannot be reached, the matter shall be referred to the Ministerial Council.
5. Unless otherwise decided by the Ministerial Council, the Joint Authority shall have its head office in the Republic of Indonesia and an office in Australia, each of which shall be headed by an Executive Director.
6. The Joint Authority shall commence to function on entry into force of this Treaty.
THE JOINT AUTHORITY. BY (CONTRACTOR) BY APPROVED BY THE MINISTERIAL COUNCIL on this day of , 19 BY BY Minister of Minister for on behalf of the GOVERNMENT OF on behalf of the GOVERNMENT OF THE REPUBLIC OF INDONESIA AUSTRALIA Article 1 General definitions
THE JOINT AUTHORITY and the contract operator may negotiate a change to the exploration work program and expenditures covering contract years four (4) to ten (10), provided the changes are made at least three (3) months prior to the beginning of the contract year affected by the changes.
THE JOINT AUTHORITY. Article 7 The Joint Authority 1. A Joint Authority is hereby established.
THE JOINT AUTHORITY. Establishment, functions and powers