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 obligations under this agreement. At any time during the Production Phase, the Concessionaire may terminate this Agreement only upon notice to ANP at least one hundred and eighty (180) days before the date intended to terminate the Agreement. The 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 intention to terminate. Termination of the Agreement does not exempt the Concessionaire from the responsibility provided for in paragraph 17.6.

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 obligations under this agreementAgreement. At any time during the Production Phase, the Concessionaire may terminate request the termination of this Agreement only upon notice to ANP Agreement, in whole or in part, at least 180 (one hundred and eighty (180eighty) days before in advance from the intended date for the termination of the Agreement, which must be previously approved by ANP. The ANP will have a period of 90 (ninety) days, counted from the date intended of receipt of the termination request, to terminate analyze the Agreementrequest. The Until the effective contractual termination, the Concessionaire may not interrupt or suspend the Production undertaken committed in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of Fields or Development Areas in question, unless authorized by the notice of intention to terminateANP. Termination of the Agreement Contract does not exempt the Concessionaire from the responsibility liability provided for in paragraph 17.6.

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 obligations under this agreementAgreement. At any time during the Production Phase, the Concessionaire may terminate request the termination of this Agreement only upon notice to ANP Agreement, in whole or in part, at least 180 (one hundred and eighty (180eighty) days before in advance from the intended date for the termination of the Agreement, which must be previously approved by ANP. The ANP will have a period of 90 (ninety) days, counted from the date intended of receipt of the termination request, to terminate analyze the Agreementrequest. The Until the effective contractual termination, the Concessionaire may not interrupt or suspend the Production undertaken committed in the Annual Production Programs during the minimum period of one hundred and eighty (180) days of the date of Fields or Development Areas in question, unless authorized by the notice of intention to terminateANP. Termination of the Agreement does not exempt the Concessionaire from the responsibility liability provided for in paragraph 17.621.8.