Common use of Compliance with Development Plan and Modifications Clause in Contracts

Compliance with Development Plan and Modifications. The Contractor shall develop the Commercial Discovery in accordance with the approved Development Plan. The Contractor may propose changes to the Development Plan subject to approval by CNH. CNH may consult the Agency and the Ministry of Economy within the scope of their legal attributions and will decide on the proposed changes on the terms provided by the Applicable Laws.

Appears in 3 contracts

Samples: Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp)

AutoNDA by SimpleDocs

Compliance with Development Plan and Modifications. The Contractor shall develop the Commercial Discovery in accordance with the approved Development Plan. The Contractor from time to time may propose changes to the Development Plan subject to approval by CNH. CNH may consult the Agency and the Ministry of Economy within the scope of their legal attributions and will decide on the proposed changes Development Plan on the terms provided by the Applicable Laws.

Appears in 2 contracts

Samples: Contract for the Exploration and Extraction of Hydrocarbons, Contract for the Exploration and Extraction of Hydrocarbons

AutoNDA by SimpleDocs

Compliance with Development Plan and Modifications. The Contractor shall develop the Commercial Discovery in accordance with the approved Development Plan. The Contractor from time to time may propose changes to the Development Plan subject to approval by CNH. CNH may consult CNH, after consultation with the Agency and the Ministry of Economy within the scope of their legal attributions and Agency, will decide on the proposed changes Development Plan on the terms provided by the Applicable Laws.

Appears in 2 contracts

Samples: Contract for the Exploration and Extraction of Hydrocarbons, Contract for the Exploration and Extraction of Hydrocarbons

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!