Common use of Approvals by CNH Clause in Contracts

Approvals by CNH. Provided that the Contractor has delivered all of the applicable information to CNH on a timely basis, in all circumstances under this Contract where CNH is required to review, comment on and approve plans, Work Programs or Budgets, CNH shall do so during the period provided by the Applicable Laws, it being understood that any automatic approvals will only be deemed granted under the circumstances expressly provided by the Applicable Laws. CNH may deny approval of plans, Work Programs or Budgets in case they: (i) do not comply with the Minimum Work Program, the Minimum Program Increase, or the additional commitments made for the Additional Appraisal Period; (ii) do not comply with Industry Best Practices, or (iii) include conditions, which, in terms of the Contract, require the authorization of CNH and they have not been approved. The foregoing without prejudice of the provisions in the Applicable Laws.

Approvals by CNH. Provided that the Contractor has delivered all of the applicable information to CNH on a timely basis, in all circumstances under this Contract where CNH is required to review, comment on and approve plans, Work Programs or Budgets, CNH shall do so during the period provided by the Applicable Laws, it being understood in the understanding that any automatic approvals approval by default will only be deemed granted under the circumstances expressly provided by the Applicable Laws. CNH may deny approval of plans, Work Programs or Budgets in case they: (i) do not comply with the Minimum Work Program, Program and the Minimum Program Increase, or the additional commitments made for the Additional Appraisal Periodas applicable; (ii) do not comply with Industry Best Practices, or (iii) include conditions, which, in terms of the Contract, require the authorization of CNH and they have not been approved. The foregoing without prejudice of the provisions set forth in the Applicable Laws.

Approvals by CNH. Provided that the Contractor has delivered all of the applicable information to CNH on a timely basis, in all circumstances under this Contract where CNH is required to review, comment on and approve plans, Work Programs or Budgets, CNH shall do so during the period provided by the Applicable Laws, it being understood in the understanding that any automatic approvals approval by default will only be deemed granted under the circumstances expressly provided by the Applicable Laws. CNH may deny approval of plans, Work Programs or Budgets in case they: (i) do not comply with the Minimum Work Program, Program and the Minimum Program Increase, or the additional commitments made for the Additional Appraisal Periodas applicable; (ii) do not comply with Industry Best Practices, or (iii) include conditions, which, in terms of the Contract, require the authorization of CNH and they have not been approved. The foregoing without prejudice of the provisions set forth in the Applicable Laws.