Coventurers definition
Examples of Coventurers in a sentence
B The Company, together with its Co-venturers, have certain rights to carry out development operations in CBM Block NK-CBM-2001/1, North Karanpura, Jharkhand, India pursuant to a Contract for Exploration & Production of Coal Bed Methane dated 26th July 2002 between Govt.
Company and its Coventurers may assign their interests under the Contract without the consent of Contractor, and Contractor must execute any documentation required to give effect to such assignment when directed to do so.
All notices from the ▇▇▇▇▇▇ Co-venturers shall be sent by the ▇▇▇▇▇▇ Operator and all notices to the ▇▇▇▇▇▇ Co-venturers shall be sent to the ▇▇▇▇▇▇ Operator.
For that purpose Contractor may commence proceedings in its own name to enforce all obligations and liabilities of Subcontractor and to make any claim which any Affiliate or Co-venturers may have against Subcontractor.
Supplier’s insurance shall, to the fullest extent possible, be written or endorsed such that the insurers waive all rights of subrogation and that they do not have any right of recovery against Buyer or any of its Affiliates or Coventurers.
AS/A Level Accounting - Joint venture - Method 2 - Co-venturers record their OWN TRANSACTIONS only AS/A Level Accounting - Joint venture - Method 2 - Co-venturers record their OWN TRANSACTIONS only by Edex World 2 months ago 14 minutes, 7 seconds 92 views Joint , venture is an arrangement between two or more ...
For the purposes of this Clause, “third party” shall mean any party other than (a) the Company, its Co-venturers, Affiliates and agents and the personnel or consultants of any of them and Company’s contractors of any tier, (b) the Contractor, its Affiliates, agents and sub-contractors and the personnel or consultants of any of them.
Co-venturers or joint venturers shall be jointly and severably liable under any Contract awarded to them.
Supplier’s insurance shall be written or endorsed such that the insurers shall have no right of recovery against Buyer or any of its Affiliates or Coventurers.
Notwithstanding the right of the Company to recover a portion of its costs hereunder from the Co-venturers, the Company shall, vis-a-vis the Contractor, be responsible for all the obligations of Company and its Co-venturers hereunder.