Assignment Nullity and Need for Prior Express Approval Sample Clauses

Assignment Nullity and Need for Prior Express Approval. 28.9. Any Assignment that does not comply with the provision in this Section or in the Applicable Laws and Regulations shall be lawfully null and subject to the penalties provided for in this Agreement and in the Applicable Laws and Regulations.
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Assignment Nullity and Need for Prior Express Approval. Any Assignment that does not comply with the provision in this Section or in the Applicable Laws and Regulations shall be lawfully null and subject to the penalties provided for in this Agreement and in the Applicable Laws and Regulations. Approval of Assignment ANP shall have a ninety (90)-day period as of submission of the full documentation and as required, under the Applicable Laws and Regulations, to resolve upon the Assignment. The Assignment of the Agreement shall only be authorized, except in the event of paragraph 30.4.2, when: the Concessionaires perform the obligations in the Agreement; and the assignor and the assignee, or the guaranteed party, in the events of exemption or replacement of a performance guarantee, perform all their obligations related to the Government and Third-party shares, in compliance with all concession agreements or production sharing agreement to which they are parties.
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Assignment Nullity and Need for Prior Express Approval. Any Assignment that does not comply with the provision in this section or in the Applicable Laws and Regulations shall be lawfully null and subject to the penalties provided for in this Agreement and in the Applicable Laws and Regulations. Approval of Assignment ANP shall have a ninety (90)-day period as of submission of the full documentation and as required, under the Applicable Laws and Regulations, to resolve upon the Assignment. The Assignment of the Agreement shall only be authorized, except in the event of paragraph 26.5.2, when: the Concessionaires perform the obligations in the Agreement; and the assignor and the assignee, or the guaranteed party, in the events of exemption or replacement of a performance guarantee, perform all their obligations related to the Government and Third-party shares, in compliance with all concession agreements or production sharing agreement to which they are parties. If the assignor is in default and the Assignment is not voluntary, as determined by ANP or as a result of an execution of a contract clause with third parties, the Assignment shall be allowed if the assignee or the executor of the guarantee pays the obligations related to the contracts to be assigned; provided that they undertake to transfer any amount eventually payable to the assignor as a result of the Assignment directly to ANP, until the assignor’s full debt to ANP is settled. Assignment to an Affiliate shall not be accepted in the event provided for in paragraph 23.10.1.
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