Substitution Requested by CNH. Prior to the termination of this Contract for any reason, or in the event CNH rescinds the Contract, CNH may request that the Contractor refrains from conducting specific Abandonment activities regarding certain facilities, including Xxxxx. In such case, the Contractor shall deliver the facilities in good working order to the third party designated by CNH, and deliver any remaining balance in the Abandonment Trust to the Fund, and the Contractor thereafter shall be deemed to have been relieved of any future obligation relating to Abandonment of such facilities.
Appears in 5 contracts
Samples: Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp)
Substitution Requested by CNH. Prior to the termination of this Contract for any reason, reason or in the event case CNH rescinds the Contract, CNH may request that the Contractor refrains refrain from conducting specific Abandonment activities regarding certain facilities, including Xxxxx. In such case, the Contractor shall deliver the facilities in good working order to the third party designated by CNH, and deliver any remaining balance in the Abandonment Trust to the Fund, and the Contractor thereafter shall be deemed to have been relieved of any future obligation relating to Abandonment of such facilities.
Appears in 2 contracts
Samples: Contract for the Extraction of Hydrocarbons Under Production Sharing Modality, Contract for the Extraction of Hydrocarbons Under Production Sharing Modality
Substitution Requested by CNH. Prior to the termination of this Contract for any reason, or in the event CNH rescinds the Contract, CNH may request that the Contractor refrains refrain from conducting specific Abandonment activities regarding certain facilities, including Xxxxx. In such case, the Contractor shall deliver the facilities in good working order to the third party designated by CNH, and deliver any remaining balance in the Abandonment Trust to the Fund, and the Contractor thereafter shall be deemed to have been relieved of any future obligation relating to Abandonment of such facilities.
Appears in 2 contracts
Samples: Contract for the Exploration and Extraction of Hydrocarbons, Contract for the Exploration and Extraction of Hydrocarbons
Substitution Requested by CNH. Prior to the termination of this Contract for any reason, or in the event case CNH rescinds the Contract, CNH may request that the Contractor refrains refrain from conducting specific Abandonment activities regarding certain facilities, including Xxxxx. In such case, the Contractor shall deliver the facilities in good working order to the third party designated by CNH, and deliver any remaining balance in the Abandonment Trust to the Fund, and the Contractor thereafter shall be deemed to have been relieved of any future obligation relating related to the Abandonment of such facilities.
Appears in 1 contract
Samples: License Contract for the Extraction of Hydrocarbons
