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, 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.

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 guaranteeguarantee 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.

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, 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 Contracted Party Concessionaire 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 Concessionaire 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, to the new concessionaire. The new contracted party concessionaire shall become the holder of the rights to exclusive data, and the terms deadlines for confidentiality already in progress shall remain unchanged, pursuant to under the Applicable Laws and Regulations.