Exploitation Period definition

Exploitation Period means any and all periods of exploitation during which the production and removal of Hydrocarbons is permitted under the Contract.

Exploitation Period. The time elapsed from the end of the Exploration or Retention Period up to the end of the contract.

Exploitation Period means the thirty (30) years beginning on the Concession Effective Date of the last Exploitation Concession for which the Partnership has duly applied prior to the end of the Exploration Period, and with respect to any individual Mining Area from which Natural Gas or Oil in paying quantities is then being recovered, such Exploitation Period can be extended upon the Partnership's request so long as Natural Gas or Oil is being produced therefrom in paying quantities.

Examples of Exploitation Period in a sentence

• In addition, Composer hereby irrevocably and without limitation grants and assigns to InStyle, during the applicable Exploitation Period, the non-exclusive right throughout the Territory to use, exploit, and otherwise deal in and for the Masters for the purpose of securing Synchronization Uses, and to collect all Gross Receipts.

• The period that may be requested by THE ASSOCIATE and granted by ECOPETROL to commence the Exploitation Period of each Gas Field discovered within the Contracted Area, which, due to its specific conditions cannot be developed in the short term and, therefore, requires an additional period to perform feasibility studies for the construction of infrastructure and/or market development.

• Material purchased by Operator during the Exploitation Period shall become the property of First Party (a) immediately after purchase if purchased within GSPLAJ and (b) when landed at Libyan ports of import if purchased outside GSPLAJ.

• Material not used in Petroleum Operations by the end of the Exploration Period shall remain the property of the Second Party and shall only be charged as Petroleum Operations Expenditures when used during Exploitation Period, subject to Article 3.2 of Exhibit "C".

• For the Calendar Year in which the Exploitation Period commences with regard to the Contract Area, the surface fee set forth in paragraph (d) above shall be calculated pro-rata from the date the Exploitation Period commences through to December 31st of said Calendar Year.

More Definitions of Exploitation Period

Exploitation Period with respect to any Game Title means the date commencing on the Effective Date and ending on the expiration of the Basic Term with respect to such Game Title.

Exploitation Period. With respect to each Exploitation Area, up to 24 Years together with any extensions granted, counting from the date of Declaration of commerciality of the related Commercial Field, during which THE CONTRACTOR shall execute Development and Production Operations.

Exploitation Period means a period of twenty five (25) Contract Years running from the Council of Ministers’ approval of an authorization for exploitation or, if such period is extended, for such additional time as is set out in the authorization until the expiry of such extended period.

Exploitation Period for a Composition shall mean the later of (a) the end of the Term or (b) one (1) year after you submit the same to us. For example, if you submit a Composition on January 1st and the Term ends on February 1st of that year, then the Exploitation Period for that Composition shall continue until December 31st of that year.

Exploitation Period means the duration of validity of one Concession.

Exploitation Period means the part of this CONTRACT term where exploitation activities are allowed to take place, which commences since the first POD proposals submitted by CONTRACTOR is approved by Minister.

Exploitation Period means any periods of exploitation during which the production and removal of Hydrocarbons is permitted under the Permits. Exploration means the undertaking of Exploration Operations.