Relinquishments. The Concessionaire may relinquish the entire Area if it decides to end operations after the Rehabilitation Phase, upon notice to ANP. Relinquishment shall not exempt the Concessionaire from the obligation to comply with the Initial Work Program. The Concessionaire shall not be entitled to any reimbursement for the investments made. Use of the Relinquished Area by ANP As of the expression of interest in the relinquishment of the Area by the Concessionaire, ANP may use it at its sole discretion, including for purposes of new bidding processes.
Appears in 4 contracts
Samples: Draft Concession Agreement, Concession Agreement, Concession Agreement
