Common use of Rescission by will of the Parties Clause in Contracts

Rescission by will of the Parties. Bilateral and unilateral termination This Agreement may be terminated at any time upon mutual agreement between the Parties, without prejudice to performance of the contractual obligations. The Contracted Parties may terminate this Agreement only upon notice to the Contracting Party at least one hundred and eighty (180) days before the date intended to terminate the Agreement or observing any other term defined in a subsequent regulation. The Consortium Members may not interrupt or suspend the Production undertaken in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of the notice of intended termination or within any other term defined in a subsequent regulation.

Appears in 4 contracts

Samples: Consortium Agreement, Consortium Agreement, Consortium Agreement

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Rescission by will of the Parties. Bilateral and unilateral termination This Agreement may be terminated at any time upon mutual agreement between the Parties, without prejudice to performance of the contractual obligationsobligations under this Agreement. The Contracted Parties At any time during the Production Phase, the Concessionaire may terminate this Agreement only upon notice to the Contracting Party ANP at least one hundred and eighty (180) days before the date intended to terminate the Agreement or observing any other term defined in a subsequent regulationAgreement. The Consortium Members Concessionaire may not interrupt or suspend the Production undertaken in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of the notice of intended termination or within any other term defined in a subsequent regulationintention to terminate.

Appears in 3 contracts

Samples: Concession Agreement, Concession Agreement, Draft Concession Agreement

Rescission by will of the Parties. Bilateral and unilateral termination This Agreement may be terminated at any time upon mutual agreement between the Parties, without prejudice to performance of the contractual obligationsobligations under this Agreement. The At any time during the Production Phase, the Contracted Parties may terminate this Agreement only upon notice to the Contracting Party at least one hundred and eighty (180) days before the date intended to terminate the Agreement or observing any other term defined in a subsequent regulation. The Consortium Members may not interrupt or suspend the Production undertaken in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of the notice of intended termination intention to terminate or within observing any other term to be defined in a subsequent regulation.

Appears in 1 contract

Samples: Consortium Agreement

Rescission by will of the Parties. Bilateral and unilateral termination This Agreement may be terminated at any time upon mutual agreement between the Parties, without prejudice to performance of the contractual obligationsobligations under this Agreement. The Contracted Parties During the Production Phase, the Concessionaire may terminate this Agreement only upon notice to the Contracting Party ANP at least one hundred and eighty (180) days before the date intended to terminate for termination of the Agreement or observing any other term defined in a subsequent regulation. The Consortium Members Concessionaire may not interrupt or suspend the Production undertaken in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of the notice of intended termination or within any other term defined in a subsequent regulation.

Appears in 1 contract

Samples: Draft Concession Agreement

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Rescission by will of the Parties. Bilateral and unilateral termination This Agreement may be terminated at any time upon mutual agreement between the Parties, without prejudice to performance of the contractual obligationsobligations under this Agreement. The Contracted Parties At any time during the Production Phase, the Concessionaire may terminate this Agreement only upon notice to the Contracting Party ANP at least one hundred and eighty (180) days before the date intended to terminate the Agreement or observing any other term defined in a subsequent regulation. The Consortium Members Concessionaire may not interrupt or suspend the Production undertaken in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of the notice of intended termination intention to terminate or within observing any other term defined in a subsequent regulation.

Appears in 1 contract

Samples: Concession Agreement

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