Substitution Requested by the CNH. Prior to the termination of this Contract for any reason, including the rescission, the CNH may request that the Contractor 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 the 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 related to the use and Abandonment of such facilities.
Appears in 5 contracts
Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)
