Common use of Relinquishment by Contractor Clause in Contracts

Relinquishment by Contractor. Without prejudice to the provisions in Article 17, the Contractor may at any time relinquish all or any portion(s) of the Contract Area, thereby terminating this Contract related to the relevant portion(s) of the Contract Area, by delivering an irrevocable written notice to CNH at least three (3) Months prior to the effective date of such relinquishment. Such relinquishment shall not affect the Contractor’s obligations regarding (i) completion of the Minimum Work Program and Minimum Program Increase and, if applicable, payment of the related liquidated damages; (ii) Abandonment and the delivery of the area in accordance with Article 17, and (iii) relinquishment and return of the Contract Area in accordance with Article 6. In the case of early termination of this Contract by the Contractor pursuant to this Article 3.5, the Contractor shall not be entitled to receive any indemnification of any kind.

Relinquishment by Contractor. Without prejudice to the provisions in Article 1718, the Contractor may at any time relinquish all or any portion(s) of the Contract Area, thereby terminating this Contract related with respect to the relevant portion(s) of the Contract Area, by delivering an irrevocable written notice to CNH at least three (3) Months prior to the effective date of such relinquishment. Such relinquishment shall not affect the Contractor’s obligations regarding (i) completion of the Minimum Work Program and the Minimum Program Increase andIncrease, and if applicable, payment of the related corresponding liquidated damages; (ii) Abandonment and the delivery of the area in accordance with Article 17, and (iii) relinquishment and return of the Contract Area in accordance with Article 67. In the case of early termination of this Contract by the Contractor pursuant to this Article 3.5, the Contractor shall not be entitled to receive any indemnification of any kind.

Relinquishment by Contractor. Without prejudice to the provisions in Article 1718, the Contractor may at any time relinquish all or any portion(s) of the Contract Area, thereby terminating this Contract related with respect to the relevant portion(s) of the Contract Area, by delivering an irrevocable written notice to CNH at least three (3) Months prior to the effective date of such relinquishment. Such relinquishment shall not affect the Contractor’s obligations regarding (i) completion of the Minimum Work Program and the Minimum Program Increase andIncrease, and if applicable, payment of the related corresponding liquidated damages; (ii) Abandonment and the delivery of the area in accordance with pursuant to Article 1718, and (iii) relinquishment and return of the Contract Contractual Area in accordance with Article 67. In the case of early termination of this Contract by the Contractor pursuant to this Article 3.5, the Contractor shall not be entitled to receive any indemnification of any kind.

Relinquishment by Contractor. Without prejudice to the provisions in Article 1718, the Contractor may at any time relinquish all or any portion(s) of the Contract Area, thereby terminating this Contract related with respect to the relevant portion(s) of the Contract Area, by delivering an irrevocable written notice to CNH at least three (3) Months prior to the effective date of such relinquishment. Such relinquishment shall not affect the Contractor’s obligations regarding (i) completion of the Minimum Work Program and the Minimum Program Increase andIncrease, and if applicable, payment of the related corresponding liquidated damages; (ii) Abandonment and the delivery of the area in accordance with pursuant to Article 1718, and (iii) relinquishment and return of the Contract Area in accordance with Article 67. In the case of early termination of this Contract by the Contractor pursuant to this Article 3.5, the Contractor shall not be entitled to receive any indemnification of any kind.