Common use of Realization of the Assignment Clause in Contracts

Realization of the Assignment. After the approval of the Assignment of rights and obligations by the MME, after ANP is heard, the Contract should be added so the Transfer may take place, with the exception provided for in paragraph 30.17. No later than 30 (thirty) days after the date of approval of the Transfer, the Consortium Members shall sign the respective amendment, which will formalize the new composition of the Consortium. The amendment signed by the Parties will be effective after the publication of its text in the Official Gazette.

Realization of the Assignment. After the approval of the Assignment of rights and obligations by the MME, after ANP is heard, the Contract should be added so the Transfer may take place, with the exception provided for in paragraph 30.173.17. No later than 30 (thirty) days after the date of approval of the Transfer, the Consortium Members shall sign the respective amendment, which will formalize the new composition of the Consortium. The amendment signed by the Parties will be effective after the publication of its text in the Official Gazette.