After Second Exploration Phase Sample Clauses

After Second Exploration Phase. As from expiration of the Second Exploration Phase each Party will thereafter be responsible for its pro rata share of all Expenditures that may arise, provided that to the extent it is feasible such Expenditures will be borne with Newco’s cashflow. In the event Newco’s cashflow is not enough to cover all Expenditures (including repayment of the financing obtained in pursuant to Section 5.4(a)(ii) herein), the Parties will have to capitalize the Newco (or otherwise provide the Newco with sufficient funds) in order to allow the Newco to cover such Expenditures, provided that failure to comply with such obligation will result in application of Section 17.4 herein. For purposes of certainty, all cost and expenditures derived from the financing incurred pursuant to Section 5.4(a)(ii) herein, including but not limited to repayment of principal and interests thereunder, and all cost and expenditures derived from entering into such agreement (including but not limited to notary and legal fees) shall be deem to have been incurred after expiration of the Second Exploration Phase.
Sample 1
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Related to After Second Exploration Phase

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Construction Phase Fee Contractor’s Construction Phase Fee is the maximum amount payable to Contractor for any cost or profit expectation incurred in the performance of the Work that is not specifically identified as being eligible for reimbursement by Owner elsewhere in this Agreement. References in the UGSC to Contractor’s “overhead” and “profit” mean Contractor’s Construction Phase Fee. The Construction Phase Fee includes, but is not limited to, the following items: 9.1 All profit, profit expectations and costs associated with profit sharing plans such as personnel bonuses, incentives, and rewards; company stock options; or any other like expenses of Contractor.

  • Construction Phase Part 1 –

  • Preconstruction Phase The Preconstruction Phase shall mean the period commencing on the date of this CM/GC Contract and ending upon commencement of the Construction Phase; provided that if the Owner and CM/GC agree, the Construction Phase may commence before the Preconstruction Phase is completed, in which case both phases shall proceed concurrently, subject to the terms and conditions of the Contract Documents.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Phase 2 Phase 2 is expected to consist of Member Nodes and a select number of Nodes operated by non-Members. The non-Member Nodes will be required to comply with Node hosting terms as set forth by the Council, which may be amended from time to time (the “General Node Terms”).

  • Construction Phase Services 3.1.1 – Basic Construction Services

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE 1.1.6.1. The ARCHITECT/ENGINEER shall prepare from the approved Schematic Design Studies, the Design Development Documents consisting of drawings (including at least architectural, landscaping, civil, structural, mechanical and electrical plans, building sections; and finish schedule), outline specifications following the Construction Specification Institute "CSI" Format and other necessary documents to fix and describe the size and character of the entire Project as to its site, structural, mechanical, and electrical systems, materials and other such essentials as may be appropriate, for and until approved by the State. 1.1.6.2. The ARCHITECT/ENGINEER shall conduct meetings with the State, Efficiency Vermont, and relevant members of the design team, to review the Design Development Documents for the purposes of furthering the energy efficiency objectives of the Project. 1.1.6.3. The ARCHITECT/ENGINEER shall prepare for the State a revised accounting of how the Project is responding to LEED criteria. 1.1.6.4. The ARCHITECT/ENGINEER shall submit to the State a revised Statement of Probable Construction Cost based thereon for and until approved by the State.

  • Completion Date The Work under this Contract shall be completed by midnight of the date required in the Contract as the Material Completion and Occupancy Date unless extended by approved requests for extension of time.

  • Construction Administration Phase Delete the following paragraph if Submittal Exchange isn’t going to be used: 2.

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