Annual Rental. 32.1. The Contractor shall pay an annual rental of one million (US$ 1,000,000) US Dollars during the Exploration Period and Appraisal Period. 32.2. Payments under this Article 32 shall be paid on the Effective Date of the Petroleum Exploration Licence and on the anniversary date of the Petroleum Exploration Licence so long as the Petroleum Exploration Licence remains in force. 32.3. Payments under this Article shall be paid directly into bank accounts held and controlled by the Government. The Contractor shall verify such bank accounts and the Minister agrees to cooperate, assist and provide the Contractor any information it requires to conduct such verification.
Appears in 3 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Annual Rental. β
32.1. The Contractor shall pay an annual rental of one million (US$ 1,000,000) US Dollars during the Exploration Period and Appraisal Period.
32.2. Payments under this Article 32 shall be paid on the Effective Date of the Petroleum Exploration Licence and on the anniversary date of the Petroleum Exploration Licence so long as the Petroleum Exploration Licence remains in force.
32.3. Payments under this Article shall be paid directly into bank accounts held and controlled by the Government. The Contractor shall verify such bank accounts and the Minister agrees to cooperate, assist and provide the Contractor any information it requires to conduct such verification.
Appears in 1 contract
Samples: Production Sharing Agreement
Annual Rental. 32.133.1. The Contractor shall pay an annual rental of one million (US$ 1,000,000) US Dollars during the Exploration Period and Appraisal Period.
32.233.2. Payments under this Article 32 33 shall be paid on the Effective Date of the Petroleum Exploration Licence Prospecting License and on the anniversary date of the Petroleum Exploration Licence Prospecting License so long as the Petroleum Exploration Licence Prospecting License remains in force.
32.333.3. Payments under this Article shall be paid directly into bank accounts held and controlled by the GovernmentGovernment of Guyana. The Contractor shall verify such bank accounts and the Minister agrees to cooperate, assist assist, and provide the Contractor any information it requires to conduct such verification.
Appears in 1 contract
Samples: Production Sharing Agreement
Annual Rental. 32.133.1. The Contractor shall pay an annual rental of one million (US$ 1,000,000) US Dollars during the Exploration Period and Appraisal Period.
32.233.2. Payments under this Article 32 33 shall be paid on the Effective Date of the Petroleum Exploration Licence Prospecting License and on the anniversary date of the Petroleum Exploration Licence Prospecting License so long as the Petroleum Exploration Licence Prospecting License remains in force.
32.333.3. Payments under this Article shall be paid directly into bank accounts held and controlled by the GovernmentGovernment of Guyana. The Contractor shall verify such bank accounts and the Minister agrees to cooperate, assist and provide the Contractor any information it requires to conduct such verification.
Appears in 1 contract
Samples: Production Sharing Agreement