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 as provided for in paragraph 27.15, under 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 Contracted Party 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 contracted party shall have a ninety (90)-day period to transfer to the new contracted party all exclusive data related to the agreement assigned, whether public or confidential. The new contracted party shall become the holder of the rights to exclusive data, and the terms for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.
Appears in 4 contracts
Samples: Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement, Transfer of Rights Surplus Production Sharing Agreement
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 as provided for in paragraph 27.15guarantee, under 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 Contracted Party 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 contracted party shall have a ninety (90)-day period to transfer to the new contracted party all exclusive data related to the agreement assigned, whether public or confidential. The new contracted party shall become the holder of the rights to exclusive data, and the terms for confidentiality already in progress shall remain unchanged, pursuant to the Applicable Laws and Regulations.
Appears in 4 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
