Common use of Obligations in Event of Termination Clause in Contracts

Obligations in Event of Termination. 26.1 When the contract is terminated under Clause 24th during the Exploration, Retention or Exploitation Periods, THE ASSOCIATE shall hand over the buildings, pipelines, transfer lines and other movable items belonging to the Joint Account (located in the Contract Area), leaving any producing xxxxx in production, and all of this will pass to ECOPETROL free-of-charge together with the rights-of-way and assets acquired for the contract, even though these may be located outside the Contract Area.

Obligations in Event of Termination. 26.1 When the contract is terminated under Clause 24th during the Exploration, Retention or Exploitation Periods, THE ASSOCIATE shall hand over the buildings, pipelines, transfer lines and other movable items belonging to the Joint Account (located in the Contract Area), leaving any producing xxxxx wells in productionproductiox, and xxd all of this will pass to ECOPETROL free-of-charge together with the rights-of-way and assets acquired for the contract, even though these may be located outside the Contract Area.

Obligations in Event of Termination. 26.1 When the contract is terminated under Clause 24th during the Exploration, Retention or Exploitation Periods, THE ASSOCIATE shall hand over the buildings, pipelines, transfer lines and other movable items belonging to the Joint Account (located in the Contract Area), leaving any producing xxxxx wxxxx in production, and all of this will pass to ECOPETROL free-of-charge together with the rights-of-way and assets acquired for the contract, even though these may be located outside the Contract Area.