Common use of Effectiveness and Efficacy of the Assignment Clause in Contracts

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.17, pursuant to the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractor. The new Contractor shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting Party, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.17, pursuant to the Applicable Laws and Regulations. The addendum to the Production Sharing Agreement shall be effective as of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractor. The new Contractor shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting PartyANP, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.1728.17, pursuant to under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of the date of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor Concessionaire shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractorconcessionaire. The new Contractor concessionaire shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting PartyANP, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee and in the event provided for in paragraph 30.1728.17, pursuant to the Applicable Laws and Regulations. The addendum to the Concession Agreement shall be effective as of the date of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor concessionaire shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractorconcessionaire. The new Contractor concessionaire shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting PartyANP, the Agreement shall be amended so that the act is performed, except in the events of exemption or replacement of a performance guarantee bond and in the event provided for in paragraph 30.1727.17, pursuant to under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of the date of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor shall submit to ANP a copy of the Consortium Agreement or of the amendment filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor Concessionaire shall have a ninety (90)-day period to transfer all exclusive data related to the agreement assigned, whether public or confidential, to the new Contractorconcessionaire. The new Contractor Concessionaire shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.

Effectiveness and Efficacy of the Assignment. Upon approval of the Assignment by the Contracting PartyANP, the Agreement shall be amended so that for consummation of the act is performedact, except in the events of for exemption or replacement of a performance guarantee bond and in the event provided for in paragraph 30.1728.17, pursuant to under the Applicable Laws and Regulations. The addendum to the Agreement shall be effective as of the date of its execution, under the Applicable Laws and Regulations. Within forty-five (45) days of the execution of the addendum, the Contractor Contracted Party shall submit to ANP a copy of the Consortium Agreement or of the amendment thereto filed with the applicable commercial registry. As of the execution of the addendum, the former Contractor Concessionaire shall have a ninety (90)-day period to transfer all exclusive data related to the agreement Agreement assigned, whether public or confidential, to the new ContractorConcessionaire. The new Contractor Concessionaire shall become the holder of the rights to exclusive data, and the deadlines for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.