Common use of Final Transition Stage Clause in Contracts

Final Transition Stage. One (1) year prior the termination of this Contract for the conclusion of its term, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area; (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials in part of or in the whole Contract Area, describing their operating conditions as of the date of the beginning of the Final Transition Stage; (c) The Contractor shall submit to the CNH a report containing all the information obtained within a period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons in the Contract Area and the infrastructure associated to production; (d) CNH will request the Contractor to perform the Abandonment of the Xxxxx and Materials that will not be transferred to the CNH, as provided in this Contract; (e) The Contractor shall conduct the Social Baseline, to identify the existing social liabilities derived from the Petroleum Activities in part of or in the whole Contract Area. (f) The Contractor shall develop the Environmental Baseline in order to identify the Preexisting Damages derived from the Petroleum Activities in part of or in the whole Contract Area, and (g) The CNH will be entitled to join the Contractor during the Final Transition Stage directly or through an assigned third party in order to review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the Contractor relinquishes or returns part or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination of the Contract occurs, or (iii) the CNH rescinds the Contract, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, issued as provided in this Contract.

Final Transition Stage. One (1) year prior In the event that the termination of this Contract for due to any reason, or in the conclusion of its termevent CNH rescinds the Contract, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area;. (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials identification in part of or in the entirety of the whole Contract Area, describing their operating conditions as of the date of the beginning start of the Final Transition Stage;. (c) The Contractor shall submit to the CNH a report containing all the information obtained within a the period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons located in the Contract Area and of the infrastructure associated to the production;. (d) CNH will request to the Contractor to perform the Abandonment of the Xxxxx and Materials that will are not be transferred to the CNH, CNH as provided in by this Contract;. (e) The Contractor shall conduct update the Social Baselinesocial base line determined in accordance with Article 3.4, to identify the existing social liabilities derived from the Petroleum Activities in part of or in the whole Contract Area.; (f) The Contractor shall develop update the Environmental Baseline environmental base line determined in order accordance with Article 3.4 to identify the Preexisting Damages existing environmental liabilities derived from the conduction of the Petroleum Activities in the entirety or part of or in the whole Contract Area, and (g) The CNH will be entitled to may join the Contractor during the Final Transition Stage directly or through an and assigned third party in order to and will review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the event the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination entirety of the Contract occurs, or (iii) the CNH rescinds the ContractArea, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, relinquishment issued as provided in this Contractby Article 3.5. The Final Transition Stage shall be conducted as provided by the Applicable Laws.

Final Transition Stage. One (1) year prior In the event that the termination of this Contract for due to any reason, or in the conclusion of its termevent CNH rescinds the Contract, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area;. (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials identification in part of or in the entirety of the whole Contract Area, describing their operating conditions as of the beginning date of the beginning of the Final Transition Stage;. (c) The Contractor shall submit to the CNH a report containing all the information obtained within a the period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons located in the Contract Area and of the infrastructure associated to the production;. (d) CNH will request to the Contractor to perform the Abandonment of the Xxxxx and Materials that will are not be transferred to the CNH, CNH as provided in by this Contract;. (e) The Contractor shall conduct update the Social Baselinesocial base line determined in accordance with Article 3.4, to identify the existing social liabilities derived from the Petroleum Activities in the corresponding part of the Contract Area or in the whole entire Contract Area.; (f) The Contractor shall develop update the Environmental Baseline environmental base line determined in order accordance with Article 3.4 to identify the Preexisting Damages existing environmental liabilities derived from the conduction of the Petroleum Activities in the corresponding part of or in the whole Contract Area, and (g) The CNH will be entitled to may join the Contractor during the Final Transition Stage directly or through an and assigned third party in order to and will review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the event the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination entirety of the Contract occurs, or (iii) the CNH rescinds the ContractArea, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, relinquishment issued as provided in this Contractby Article 3.5. The Final Transition Stage shall be conducted as provided by the Applicable Laws.

Final Transition Stage. One (1) year prior In case that the termination of this Contract for due to any reason, or in case CNH rescinds the conclusion of its termContract, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area;. (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials in part of or in the whole Contract Area, describing their operating conditions as of the date of the beginning of the Final Transition Stage;. (c) The Contractor shall submit to the CNH a report containing all the information obtained within a period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons in the Contract Area and the infrastructure associated to production;. (d) CNH will request the Contractor to perform the Abandonment of the Xxxxx and Materials that will not be transferred to the CNH, as provided in this Contract;. (e) The Contractor shall conduct update the Social Baselinesocial base line determined in accordance with Article 3.4, to identify the existing social liabilities derived from the Petroleum Activities in part of or in the whole Contract Area. (f) The Contractor shall develop update the Environmental Baseline environmental base line determined in accordance with Article 3.4 in order to identify the Preexisting Damages existing environmental liabilities derived from the Petroleum Activities in part of or in the whole Contract Area, and. (g) The CNH will be entitled to join the Contractor during the Final Transition Stage directly or through an assigned third party in order to review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination of the Contract occurs, or (iii) the CNH rescinds the ContractArea, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, relinquishment issued as provided in this ContractArticle 3.5. The Final Transition Stage shall be conducted in terms of the Applicable Laws.

Final Transition Stage. One (1) year prior In case of the termination of this Contract for any reason or in case CNH rescinds the conclusion of its termContract, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area; (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials in part of or in the whole Contract Area, describing their operating conditions as of the date of the beginning of the Final Transition Stage; (c) The Contractor shall submit to the CNH a report containing all the information obtained within a period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons in the Contract Area and the infrastructure associated to production; (d) CNH will request the Contractor to perform the Abandonment of the Xxxxx and Materials that will not be transferred to the CNH, as provided in this Contract; (e) The Contractor shall conduct update the Social BaselineBaseline determined in accordance with Article 3.3, to identify the existing social liabilities derived from the Petroleum Activities in part of or in the whole Contract Area. (f) The Contractor shall develop update the Environmental Baseline determined in accordance with Article 3.3 in order to identify the Environmental Damages and Preexisting Damages derived from the Petroleum Activities in part of or in the whole Contract Area, and (g) The CNH will be entitled to join the Contractor during the Final Transition Stage directly or through an assigned third party in order to review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 3.4, 7.1 and 7.1; (ii) the early termination of the Contract occurs, or (iii) the CNH rescinds the Contract, 7.12 the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination relinquishment or rescission, as it corresponds, devolution issued as provided in this ContractArticle 3.4 or the terms provided in Article 7.1.

Final Transition Stage. One (1) year prior In the event that the termination of this Contract for due to any reason, or in the conclusion of its termevent CNH rescinds the Contract, the Contractor and the CNH will start a Final Transition Stage of the totality or part of the Contract Area. During this stage the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area;. (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials identification in part of or in the entirety of the whole Contract Area, describing their operating conditions as of the beginning date of the beginning of the Final Transition Stage;. (c) The Contractor shall submit to the CNH a report containing all the information obtained within a the period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons located in the Contract Area and of the infrastructure associated to the production;. (d) CNH will request to the Contractor to perform the Abandonment of the Xxxxx and Materials that will are not be transferred to the CNH, CNH as provided in by this Contract;. (e) The Contractor shall conduct update the Social Baselinesocial base line determined in accordance with Article 3.4, to identify the existing social liabilities derived from the Petroleum Activities in the corresponding part of the Contract Area or in the whole entire Contract Area.; (f) The Contractor shall develop update the Environmental Baseline environmental base line determined in order accordance with Article 3.4 to identify the Preexisting Damages existing environmental liabilities derived from the conduction of the Petroleum Activities in the corresponding part of the Contract Area or in the whole entire Contract Area, and (g) The CNH will be entitled to may join the Contractor during the Final Transition Stage directly or through an and assigned third party in order to and will review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the event the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination entirety of the Contract occurs, or (iii) the CNH rescinds the ContractArea, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, relinquishment issued as provided in this Contractby Article 3.5. The Final Transition Stage shall be conducted as provided by the Applicable Laws.

Final Transition Stage. One (1) year prior the termination of this Contract for the conclusion of its term, , the Contractor and the CNH will start a Final Transition Stage of for the totality entirety or part of the Contract Area. During this stage stage, the Contract Area will be delivered by the Contractor to the CNH or a third party assigned for such purpose in accordance with the Applicable Laws and the following: (a) The Contractor shall update the Asset Inventory to include the existing Xxxxx and Materials in part of or in the whole Contract Area; (b) The Contractor shall submit to the CNH a report with at least the identification of Xxxxx and Materials in part of or in the whole Contract Area, describing their operating conditions as of the date of the beginning of the Final Transition Stage; (c) The Contractor shall submit to the CNH a report containing all the information obtained within a period of ninety (90) Days prior to the termination of the Contract, regarding the production of Hydrocarbons in the Contract Area and the infrastructure associated to production; (d) The CNH will request the Contractor to perform the Abandonment of the Xxxxx and Materials that will not be transferred to the CNH, as provided in this Contract; (e) The Contractor shall conduct the Social Baseline, to identify the existing social liabilities derived from the Petroleum Activities in part of or in the whole Contract Area. (f) The Contractor shall develop update the Environmental Baseline determined as provided in Article 3.3, in order to identify the Preexisting Damages derived from the Petroleum Activities in part of or in the whole Contract Area, and (g) The CNH will be entitled to join the Contractor during the Final Transition Stage directly or through an assigned third party in order to review and validate that the corresponding activities have been conducted as provided by the Industry Best Practices and the Applicable Laws. In case that: (i) the Contractor relinquishes or returns part of or the whole Contract Area as provided in Articles 3.4 and 7.1; (ii) the early termination of the Contract occurs, or (iii) the CNH rescinds the Contract, the Final Transition Stage shall begin simultaneously with the notification of relinquishment, devolution, termination or rescission, as it corresponds, issued as provided in this Contract.. In case of relinquishment, devolution, early termination or rescission, the Contractor and the CNH shall execute the necessary activities in order to conclude in the following six (6) months after the corresponding notice, the activities provided in