Common use of Responsibility of Concessionaire Clause in Contracts

Responsibility of Concessionaire. It is the responsibility of the (Concessionaire) and its Controlling Persons to ensure that Management Rights with respect to the (Concessionaire) and the rights to share in the profits of the (Concessionaire) are structured and held in such a manner that transfers of such rights are made in compliance with this Section 22.

Appears in 1 contract

Sources: Mine Development Agreement

Responsibility of Concessionaire. It is the responsibility of the (Concessionaire) Concessionaire and its Controlling Persons to ensure that Management Rights with respect to the (Concessionaire) Concessionaire and the rights to share in the profits of the (Concessionaire) Concessionaire are structured and held in such a manner that transfers of such rights are made in compliance with this Section 22.

Appears in 1 contract

Sources: Mineral Development Agreement