Option for Sanctions. 32.7. The Contracting Party shall not terminate this Agreement and shall propose to ANP the imposition of the sanctions indicated in Section Thirty-One when:
Option for Sanctions. The Contracting Party shall not terminate this Agreement and shall propose to ANP the imposition of the sanctions indicated in Section Thirty-One when: failure by the Consortium Members to comply with this Agreement is not severe or reiterated or does not show willful misconduct or fault, at the Contracting Party’s discretion, based on ANP’s opinion; or occurrence of a diligent action as to cure the default is confirmed. section THIRTY-THREE – Act of God, Force Majeure and similar causes Full or Partial Exemption The obligations undertaken in this Agreement shall only be released in the events of acts of God, force majeure, and similar causes that justify non-performance, such as administrative action or omission, factum principis, and unexpected disruptions. Exemption from the obligations shall be exclusively related to the obligations in this Agreement which performance becomes impossible due to acts of God, force majeure, or similar causes, acknowledged by the Contracting Party, based on ANP’s opinion. The Contracting Party’s decision, based on ANP’s opinion, acknowledging the occurrence of acts of God, force majeure, or similar causes shall indicate the portion of this Agreement which performance shall be dismissed or postponed. Acknowledgement of acts of God, force majeure, or similar causes does not exempt the Contractor from payment of the Government Revenue. Notification of events that may be considered an act of God, force majeure, or similar cause shall be immediate and shall specify such circumstances, its causes and consequences. Cessation of the events shall be equally notified.
Option for Sanctions. The Contractor will not resolve this Contract and shall propose to ANP the application of the sanctions listed in Thirty First Clause - Relative Default and Penalties when: The non-fulfillment of this Contract by the Consortium Members, at the discretion of the Contractor, after ANP is heard, is not serious, or repeated, or developer of usual deceit, incompetence, recklessness or negligence, or It is observed there was diligent action in order to correct the noncompliance.
Option for Sanctions. 60 Extinction 60 30 Clause Thirty Unforeseeable Circumstances, Force Majeure and Similar Causes 60 Total or Partial Exemption 60 Modification and Termination of the Contract 61 Losses 61 31 Clause Thirty One Confidentiality 62 Obligation of the Concessionaire 62 Commitments of ANP 63 32 Clause Thirty Two Notifications, Requests, Notices and Reports 63 Notifications, Requests, Plans, Programs, Reports and other Communications 63 Amendments to the Acts of Incorporation 63 33 Clause Thirty Three Legal Regime 64 Applicable Law 64 Conciliation 64 Arbitration 64 Forum 65 Execution of the Contract 65 Justifications 65 Continued Application 65 34 Clause ThirtyFour Final Provisions 66 Modifications and Amendments 66 Titles 66 Disclosing 66 Annex I – Concession Area 68 Annex II - Minimum Exploratory Program 69 Annex III - Financial Guarantee for the Minimum Exploratory Program 71 Annex IV - Performance Guarantee 72 Annex V - Governmental and Third Parties Holdings 73 Annex VI - Payment of Signature Bonus 74 Annex VII - Designation of Operator 75 Anexo VIII – Address 76 Annex IX - Commitment to Local Content 77 Annex X- General Instructions of the Exploration Plan and Evaluation Plan of Non-Conventional Resources 78 Annex XI - Minimum Requirements for Technical, Economic, Financial and Legal Qualification of the company for exploration and production of non-conventional resources 85
Option for Sanctions. 29.8 ANP will not resolve this Contract and apply the penalties indicated in paragraphs
Option for Sanctions. The Contractor will not resolve this Contract and shall propose to ANP the application of the sanctions listed in Thirty First Clause - Relative Default and Penalties when: The non-fulfillment of this Contract by the Consortium Members, at the discretion of the Contractor, after ANP is heard, is not serious, or repeated, or developer of usual deceit, incompetence, recklessness or negligence, or It is observed there was diligent action in order to correct the noncompliance. Thirty-Third Clause - Unforeseeable Circumstances, Force Majeure and Similar Causes Total or Partial Exemption The Parties will only no longer meet the obligations of this Contract in the chances of unforeseen circumstances, force majeure and similar causes to justify the failure, as the fact of the administration, the fact of the prince and the unforeseen interferences. The exemption of the obligations of the debtor Consortium Members will take place only with regards to the obligations of this contract whose default becomes impossible because of the incidence of unforeseeable circumstances, force majeure or similar causes, recognized by the Contractor after ANP is heard. The decision of the Contractor, after ANP is heard, that recognizes the occurrence of unforeseeable circumstances, force majeure or similar causes shall indicate the portion of the contract whose default will be postponed or delayed. The recognition of the incidence of unforeseeable circumstances, force majeure or similar causes does not exempt the Contracted Party from the payment of Governmental Revenues. In the case of events that might be considered unforeseeable circumstances, force majeure or similar causes, the affected Party shall notify the other Party immediately, formally and in writing, specifying such circumstances, its causes and consequences. The assignment of the events should be similarly notified.
Option for Sanctions. 32.9 The Contractor will not resolve this Contract and shall propose to ANP the application of the sanctions listed in Thirty First Clause - Relative Default and Penalties when:
