Common use of Ownership and Use of Materials Clause in Contracts

Ownership and Use of Materials. During the term of this Contract, the Contractor shall retain ownership of all Materials generated by or acquired for use in the Petroleum Activities. The Contractor may not use the Materials for a different purpose than Petroleum Activities under this Contract. Ownership of Immovable Materials shall be automatically transferred to the Nation, without any charge, payment or indemnification, upon termination of this Contract for any reason, or if the CNH rescinds this Contract without prejudice of the corresponding settlement, it being understood that the Contractor shall transfer of the Immovable Materials in the best possible working condition, subject to normal wear and tear resulting from their use in the Petroleum Activities in terms of articles 28, fraction VII and 33 of the Hydrocarbons Revenue Law. The Contractor shall formalize the transfer of Immovable Materials to the CNH or the assigned third party by the CNH during the Final Transition Stage. The Contractor shall take all necessary and appropriate actions to formalize such transfer.