Common use of Decision to Apply Clause in Contracts

Decision to Apply. (a) If a Discovery is made on a Nation Block, Paltar shall deliver any notice of Discovery required under the Petroleum Act and shall as soon as possible submit to the Operating Committee a report containing available details concerning the Discovery and Operator’s recommendation as to whether a Production Licence should be sought. (b) The Operating Committee decision whether to apply to the Government for a Production Licence covering such Nation Block shall be decided by Nation alone.

Decision to Apply. (a) If a Discovery is made on a Nation Blockin the Permit Area, Paltar shall deliver any Discovery notice of Discovery required under the Petroleum Act and shall as soon as possible submit to the Operating Committee a report containing available details concerning the Discovery and Operator’s recommendation as to whether a Production Licence should be sought. (b) The Operating Committee decision whether to apply to the Government for a Production Licence covering such Nation Block shall be decided by Nation alone.

Decision to Apply. (a) If a Discovery is made on a Nation Block, Paltar shall deliver any notice of Discovery required under the Petroleum Act Legislation and shall as soon as possible submit to the Operating Committee a report containing available details concerning the Discovery and Operator’s recommendation as to whether a Production Licence should be sought. (b) The Operating Committee decision whether to apply to the Government for a Production Licence covering such Nation Block shall be decided by Nation alone.

Decision to Apply. (a) If a Discovery is made on a Nation Paltar Block, Paltar shall deliver any notice of Discovery required under the Petroleum Act Legislation and shall as soon as possible submit to the Operating Committee a report containing available details concerning the Discovery and Operator’s recommendation as to whether a Production Licence should be sought. (b) The Operating Committee decision whether to apply to the Government for a Production Licence covering such Nation Paltar Block shall be decided by Nation alone.