Common use of Procedure for Administrative Rescission Clause in Contracts

Procedure for Administrative Rescission. Once the CNH determines the existence of an administrative rescission cause as provided by Article 23.1, the 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 thirty (30) Days after receiving such notification. At the end of such period, the CNH will have ninety (90) Days to evaluate the arguments and evidence that the Contractor may exercise, given the case. The decision to rescind the Contract 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 resolves the cause of rescission incurred before the issuance of the decision by the CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of the CNH, without prejudice, given the case, of the corresponding sanctions as provided by this Contract and the Applicable Laws.

Procedure for Administrative Rescission. Once the CNH determines the existence of an administrative rescission cause as provided by Article 23.1, the 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 thirty (30) Days after receiving such notification. At the end of such period, the CNH will have ninety (90) Days to evaluate the arguments and evidence that the Contractor may exercise, given the case. The decision to rescind the Contract 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 or any Participating Company resolves the cause of rescission incurred before the issuance of the decision by the CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of the CNH, without prejudice, given the case, of the corresponding sanctions as provided by this Contract and the Applicable Laws.

Procedure for Administrative Rescission. Once the CNH determines has determined the existence of an administrative rescission cause as provided by Article 23.1, the 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 thirty (30) Days after receiving such notification. At the end of such period, the CNH will have ninety (90) Days to evaluate the arguments and evidence that the Contractor may exercise, given the case. The decision to rescind the Contract 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 the decision by the CNH, the procedure for administrative rescission will be extinguished prior acceptance and verification of the CNH, without prejudice, given the case, of the corresponding correspondent sanctions as provided by this Contract and the Applicable Laws.