Common use of Consequences of Non-Performance Clause in Contracts

Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may: (i) require that the shortfall be added to the Exploration to be carried out in the next Contract Year; (ii) require payment of the estimated cost of the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract Year. (b) If, in a Contract Year, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may: (i) require that the shortfall be added to the Exploration to be carried out in the next Contract Year; (ii) require payment of the estimated cost of the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract Year. (b) If, in a Contract Year, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Yearany Period, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may: (i) require that the shortfall be added to the Exploration to be carried out in the next Contract YearPeriod; (ii) require payment of the estimated cost of the Exploration not carried out in that Contract YearPeriod; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract YearPeriod. (b) If, in a Contract YearPeriod, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year Period and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries Contractors carry out less Exploration than is required of it them under the Exploration Work Programme, the Ministry may: (i) terminate this Agreement and require payment by way of liquidated damages of the estimated cost of the Exploration Work Programme and Budget, the Designated Authority may:Budget not carried out; (iii) require payment by way of liquidated damages of the estimated cost of the Exploration not carried out; or (iii) require that the shortfall be added to the Exploration Work Programme and Budget to be carried out in the next Contract Year; (ii. The Parties agree that the amount payable under this paragraph 4.5(a) require payment is a reasonable estimate of the estimated cost of loss which would be suffered by the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract YearMinistry. (b) If, in a Contract Year, the Contractor carries Contractors carry out more Exploration than is required of itthem, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C Annex C, and except with the consent of the Designated AuthorityMinistry, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries Contractors carry out less Exploration than is required of it them under the Exploration Work Programme, the Ministry may: (i) terminate this Agreement and require payment by way of liquidated damages of the estimated cost of the Exploration Work Programme and Budget, the Designated Authority may:Budget not carried out; (iii) require payment by way of liquidated damages of the estimated cost of the Exploration not carried out; or (iii) require that the shortfall be added to the Exploration Work Programme and Budget to be carried out in the next Contract Year; (ii. The Parties agree that the amount payable under this paragraph 4.5(a) require payment is a reasonable estimate of the estimated cost of loss which would be suffered by the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract YearMinistry. (b) If, in a Contract Year, the Contractor carries Contractors carry out more Exploration than is required of itthem, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C C, and except with the consent of the Designated AuthorityMinistry, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Year, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and BudgetProgramme, the Designated Authority may: (i) terminate this Agreement and require payment by way of liquidated damages of the estimated cost of the Exploration Work Programme not carried out; (ii) require payment by way of liquidated damages of the estimated cost of the Exploration not carried out; or (iii) require that the shortfall be added to the Exploration to be carried out in the next Contract Year; . The Parties agree that the amount payable under this paragraph 4.5 (iia) require payment is a reasonable estimate of the estimated cost of loss which would be suffered by the Exploration not carried out in that Contract Year; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract YearDesignated Authority. (b) If, in a Contract Year, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C C, and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.

Consequences of Non-Performance. (a) If, in a Contract Yearthe Initial or Second Period, the Contractor carries out less Exploration than is required of it under the Exploration Work Programme and Budget, the Designated Authority may: (i) require that the shortfall be added to the Exploration to be carried out in the next Contract YearPeriod; (ii) require payment of the estimated cost of the Exploration not carried out in that Contract YearPeriod; or (iii) terminate this Agreement and require payment of the estimated cost of the Exploration not carried out in that Contract YearPeriod. (b) If, in a Contract Yearthe Initial Period, the Contractor carries out more Exploration than is required of it, the excess shall be credited against Exploration to be carried out in the following Contract Year Second Period and, to the extent in excess of that Exploration, shall be further carried forward. (c) For the purposes of the foregoing provisions of this Article 4, and of Article 6 and Xxxxx C and except with the consent of the Designated Authority, no work in a Development Area will be regarded as Exploration except to the extent in respect of a formation shallower or deeper than the Field concerned and in which no Discovery has been made.