Common use of Closure Decision Clause in Contracts

Closure Decision. (a) The State: (i) subject to paragraph (b), may make a Closure Decision in respect of the LNG Precinct at any time after the Commencement Date; (ii) subject to paragraph (b), must consider whether a Closure Decision should be made at the date that is 50 years following the Commencement Date and notify the Native Title Party as to whether or not a Closure Decision will be made; and (iii) must make a Closure Decision in respect of the LNG Precinct prior to or on the date that is 100 years from the Commencement Date, unless the parties to this Agreement otherwise agree. (b) The State must not make a Closure Decision under paragraphs (a)(i) or (a)(ii) during the establishment and operation of a Proponent Project.