APPOINTMENT AND RESPONSIBILITY OF THE COMPANY Sample Clauses

APPOINTMENT AND RESPONSIBILITY OF THE COMPANY. 1. The Company is hereby appointed the sole contractor for the Government with respect to the Contract Area. In particular, the Company shall be granted the sole rights to Explore for Minerals in the Contract Area, to Mine any deposit of Minerals found in the Mining Area, to Process, store, and transport by any means certain Minerals extracted therefrom, to market, sell or dispose of all the Products of such Mining and Processing, inside and outside Indonesia, and to perform all other operations and activities which may be necessary or convenient in connection therewith, with due observance of the requirements of this Agreement. In consideration for the grant of such rights, the Company shall perform the work and carry out the obligations imposed on it by this Agreement, including, without limitation, the obligation to make expenditures as provided in paragraph 2 of Article 5, in paragraph 5 of Article 6 and in paragraph 5 of Article 7, the obligation to pay taxes and other charges to the Government as provided in Article 12 and 13 and the obligation to adhere to the Mining standards described in Article 10 and to the Environmental, safety and health standards described in Article 26.
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APPOINTMENT AND RESPONSIBILITY OF THE COMPANY. 1. The Company is hereby appointed the sole contractor for the Government with respect to the Contract Area. The Company shall perform work and obligations imposed on it by this Agreement, including the investment of capital in Indonesia and the payment of taxes to the Government, and shall have all rights conferred on it by this Agreement and in particular the sole rights to search and explore for minerals in the Contract Area (as hereinafter defined), to develop, mine wisely any mineral deposit found in the Mining Area, to process, refine, store, and transport by any means all Minerals extracted, to market, sell or dispose of all the product inside and outside Indonesia, and to perform all other operations and activities which may be necessary or convenient in connection therewith, with due observance of this Agreement.
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APPOINTMENT AND RESPONSIBILITY OF THE COMPANY. 1. The Company is hereby appointed the sole contractor for the Government with respect to the Contract Area. In particular, the Government hereby grants to the Company the sole rights to Explore for Minerals in the Contract Area, to Mine any deposit of Minerals found in any Mining Area, to Process, store, and transport by any means all Minerals extracted therefrom, to market, sell or dispose of all the Products of such Mining and Processing, inside and outside Indonesia, and to perform all other operations and activities which may be necessary or convenient in connection therewith, with due observance of the requirements of this Agreement. In consideration for the grant of such rights, the Company agrees to perform the work and carry out the obligations imposed on it by this Agreement, including, without limitation, the obligation to make investments as provided in paragraph 2 of Article 5, in paragraph 5 of Article 6 and in paragraph 5 of Article 7, the obligation to pay taxes and other charges to the Government as provided in Articles 12 and 13 and the obligation to adhere to the Mining standards described in paragraph 9 of Article 10 and to the Environmental, safety and health standards described in Article 26. 2. Notwithstanding paragraph 1 of this Article 2, the Company shall not Mine any radioactive minerals, hydrocarbon compounds, nickel, tin or coal without first obtaining the approval of the Government. 3. The Company shall have sole control and management of all of its activities under this Agreement and shall have full responsibility therefor and shall assume all risk with respect thereto in accordance with the terms and conditions of this Agreement. Without in any way detracting from the Company's responsibilities and obligations hereunder, the Company may engage subcontractors, whether or not Affiliates of the Company, for the execution of such phases of its operations as the Company deems appropriate, including contracting for construction of facilities and for necessary technical, management and administrative services. In the event that such services are contracted from Affiliates, the charges therefor, to the extent they affect any amounts payable to the Government pursuant to the terms of this Agreement, shall comply with the provisions of Article 13 and of Annex "F" to this Agreement. 4. The Company shall take all reasonable measures to prevent damage to the rights and property of the Government or third parties. In the event of negligen...
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Related to APPOINTMENT AND RESPONSIBILITY OF THE COMPANY

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