Common use of Procedure for Administrative Rescission Clause in Contracts

Procedure for Administrative Rescission. Once CNH has determined the existence of an administrative rescission cause as provided by the Article 23.2, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days receiving after such notification. At the end of such period, CNH will have ninety (90) Days to evaluate the arguments and proofs that the Contractor may exercise, given the case. The decision to rescind the Contract shall be approved by full resolution of the government entity of CNH, with legal foundations, motivated and duly notified to the Contractor. If the Contractor resolves the cause of rescission incurred before the issuance of a decision by CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of CNH, without prejudice, as the case may be, of the corresponding sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 and 23.6. CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of the next Business Day following the issuance of the corresponding resolution. Disputes regarding Administrative Rescission, will be resolved as provided by Article 26.4

Procedure for Administrative Rescission. Once CNH has determined the existence of an administrative rescission cause as provided by the Article 23.2, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days receiving after such notification. At the end of such period, CNH will have ninety (90) Days to evaluate the arguments and proofs that the Contractor may exercise, given the case. The decision to rescind the Contract shall be approved by full resolution of the government entity of CNH, with legal foundations, motivated and duly notified to the Contractor. If the Contractor resolves the cause of rescission incurred before the issuance of a the decision by CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of CNH, without prejudice, as given the case may becase, of the corresponding correspondent sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 and 23.6. 23.6 CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of administrative rescission decision the next Business Day following the issuance of the corresponding to such referred resolution. Disputes regarding Administrative Rescission, will be resolved as provided by Article 26.4.

Procedure for Administrative Rescission. Once CNH has determined the existence of an administrative rescission cause as provided by the Article 23.223.1, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days after receiving after such notification. At the end of such period, CNH will have ninety (90) Days to evaluate the arguments and proofs evidence that the Contractor may exercise, given the case. The decision to rescind the Contract shall must be approved by full resolution of the government entity of CNH, with legal foundations, motivated and duly notified to the Contractor. If the Contractor Operator or any Participating Company resolves the cause of rescission incurred before the issuance of a the decision by CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of CNH, without prejudice, as given the case may becase, of the corresponding correspondent sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 and 23.6. CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of administrative rescission decision the next Business Day following the issuance of the corresponding to such referred resolution. Disputes regarding Administrative Rescission, administrative rescission will be resolved as provided by Article 26.4.

Procedure for Administrative Rescission. Once CNH has determined the existence of an administrative rescission cause as provided by the Article 23.222.1, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days after receiving after such notification. At the end of such period, CNH will have ninety (90) Days to evaluate the arguments and proofs evidence that the Contractor may exercise, given the case. The decision to rescind the Contract shall must be approved by full resolution of the government entity of CNH, with legal foundations, motivated and duly notified to the Contractor. If the Contractor Operator or any Participating Company resolves the cause of rescission incurred before the issuance of a the decision by CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of CNH, without prejudice, as given the case may becase, of the corresponding correspondent sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 22.5 and 23.622.6. CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of administrative rescission decision the next Business Day following the issuance of the corresponding to such referred resolution. Disputes regarding Administrative Rescission, will be resolved as provided by Article 26.4.

Procedure for Administrative Rescission. Once the CNH has determined the existence of an administrative rescission cause as provided by Article 23.1, the Article 23.2, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days after receiving after such notification. At the end of such period, the CNH will have ninety (90) Days to evaluate the arguments and proofs evidence that the Contractor may exercise, given the case. The decision to rescind the Contract shall must be approved by full resolution of the government entity of the CNH, with legal foundations, motivated and duly notified to the Contractor. If the Contractor Operator or any Signing Company resolves the cause of rescission incurred before the issuance of a the decision by the CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of the CNH, without prejudice, as given the case may becase, of the corresponding correspondent sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 and 23.6. CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of the next Business Day following the issuance of the corresponding resolution. Disputes regarding Administrative Rescission, will be resolved as provided by Article 26.4Articles

Procedure for Administrative Rescission. Once CNH has determined the existence of an administrative rescission cause as provided by the Article 23.2, CNH shall give the Contractor written notice of the cause or causes invoked to initiate the administrative rescission procedure to allow the Contractor to make any statement asserting its rights within the next thirty (30) Days after receiving after such notification. At the end of After such period, CNH will have ninety (90) Days to evaluate the arguments and proofs that the Contractor asserts, as the case may exercise, given the casebe. The decision to rescind the Contract shall be approved by the governing body of CNH in full resolution of the government entity of CNHsession, with legal foundations, motivated and duly notified to the Contractor. If the Contractor resolves the cause of rescission incurred before the issuance of a decision by CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of CNH, without prejudice, as the case may be, of the corresponding sanctions as provided by this Contract and the Applicable Laws. The resolution that rescinds this Contract will be effective immediately without the need of any judicial statement. Once an administrative rescission is declared, the Parties will enter into a corresponding settlement to carry out the provisions of Articles 23.5 and 23.6. CNH shall notify the Ministry of Energy, the Ministry of Finance, the Agency and the Fund about the declaration of the next administrative rescission the Business Day following the issuance of the corresponding resolution. Disputes regarding Administrative Rescission, Rescission will be resolved as provided by Article 26.4.