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. Ownership of such Materials shall be automatically transferred to the Nation, that will be free of any lien, without any charge, payment or indemnification, upon termination of this Contract for any reason, or given the case that CNH rescinds this Contract and without prejudice of the correspondent settlement, in the understanding that the Contractor shall carry out the transfer of the Materials in the a good 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 Materials to CNH or the assigned third party by CNH during the Final Transition Stage. The Contractor shall take all necessary and appropriate actions to formalize such transfer. The Contractor shall not use the Materials for any purpose other than conducting Petroleum Activities in accordance with this Contract. The transfer of Materials pursuant to this Article 13.1 shall exclude Materials leased by the Contractor and Materials owned by Subcontractors, provided that the lessors and Subcontractors are not Affiliates of the Participating Companies.

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. Ownership of such Materials shall be automatically transferred to the Nation, that will be free of any lien, without any charge, payment or indemnification, upon termination of this Contract for any reason, or given the case that CNH rescinds this Contract and without prejudice of the correspondent settlement, in the understanding it being understood that the Contractor shall carry out effect the transfer of the Materials in the a good 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 Materials to CNH or the assigned third party by CNH during the Final Transition Stage. The Contractor shall take all necessary and appropriate actions to formalize such transfer. The Contractor shall not use the Materials for any purpose other than conducting Petroleum Activities in accordance with this Contract. The transfer of Materials pursuant to this Article 13.1 shall exclude Materials leased by the Contractor and Materials owned by Subcontractors, provided that the lessors and Subcontractors are not Affiliates of the Participating Companies.

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. Ownership of such Materials shall be automatically transferred to the Nation, that will be free of any lien, without any charge, payment or indemnification, upon termination of this Contract for any reason, or given the case that CNH rescinds this Contract and without prejudice of the correspondent settlement, in the understanding that the Contractor shall carry carry-out the transfer of the Materials in the a good 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 Materials to CNH or the assigned third party by CNH during the Final Transition Stage. The Contractor shall take all necessary and appropriate actions to formalize such transfer. The Contractor shall not use the Materials for any purpose other than conducting Petroleum Activities in accordance with this Contract. The transfer of Materials pursuant to this Article 13.1 shall exclude Materials leased by the Contractor and Materials owned by Subcontractors, provided that the lessors and Subcontractors are not Affiliates of the Participating Companies.. Contract No. CNH-R01-L01-A2/2015

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. Ownership of such Materials shall be automatically transferred to the Nation, that will be free of any lien, without any charge, payment or indemnification, upon termination of this Contract for any reason, or given the case that CNH rescinds this Contract and without prejudice of the correspondent settlement, in the understanding it being understood that the Contractor shall carry out effect the transfer of the Materials in the a good 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 Materials to CNH or the assigned third party by CNH during the Final Transition Stage. The Contractor shall take all necessary and appropriate actions to formalize such transfer. The Contractor shall not use the Materials for any purpose other than conducting Petroleum Activities in accordance with this Contract. The transfer of Materials pursuant to this Article 13.1 shall exclude Materials leased by the Contractor and Materials owned by Subcontractors, provided that the lessors and Subcontractors are not Affiliates of the Participating CompaniesContractor.