Administrative Rescission Sample Clauses
The Administrative Rescission clause allows a contract or agreement to be canceled or voided by an administrative authority, typically under specific circumstances such as regulatory non-compliance or procedural errors. In practice, this clause may be invoked if a government agency determines that a contract was improperly awarded or if required approvals were not obtained. Its core function is to provide a formal mechanism for correcting administrative mistakes or addressing regulatory issues, thereby ensuring that contracts remain compliant with applicable laws and regulations.
Administrative Rescission. If any of the serious causes for administrative rescission in accordance with article 20 of the Hydrocarbons Law and as provided below take place and upon termination of the prior investigation period referred to in Article 23.1, the CNH may administratively rescind this Contract prior to the initiation of the procedure for administrative rescission provided in Article 23.3 and the Applicable Laws:
(a) The Contractor fails to commence activities provided in the approved Exploration Plan, Appraisal Plan or Development Plan for a consecutive period of more than one hundred eighty (180) Days or suspends such activities for a consecutive period of more than one hundred eighty (180) Days, in each case Without Just Cause nor authorization by the CNH;
(b) The Contractor fails to comply with the Minimum Work Program Without Just Cause, as long as the corresponding Performance Guarantee results insufficient to cover such breach;
(c) The Contractor assigns all or a portion of the operation of the rights conferred pursuant to this Contract without obtaining prior authorization on the terms and conditions provided in Articles 24.1 and 24.2;
(d) A Serious Accident occurs as a result of the Willful Misconduct or Fault of the Contractor which causes damage to the facilities, loss of life or loss of production;
(e) The Contractor repeatedly, Willfully or Without Just Cause, provides False or Incomplete Information or Reports regarding production, Costs or any other relevant aspect of the Contract or repeatedly fails to disclose such information or reports to the Ministry of Energy, the Fund, the Ministry of Finance, the Ministry of Economy, the CNH or the Agency;
(f) The Contractor fails to comply with a final resolution of any federal jurisdictional entity relating to the Contract or the Petroleum Activities which constitutes an adjudicated matter, or
(g) The Contractor, Without Just Cause, fails to make any payment or delivery of Hydrocarbons in accordance with the periods and terms established in this Contract. Fort the purposes of this Article 23.1 the following definitions will apply:
Administrative Rescission. If any of the following serious cases of administrative rescission in accordance with article 20 of the Hydrocarbons Law and provided as follows shall occur, and upon termination of the prior investigation period referred to in Article 23.2, CNH may administratively rescind this Contract prior instauration of the administrative rescission procedure provided in Article 23.3