Common use of Delays in the Submission of the Exploration Plan Clause in Contracts

Delays in the Submission of the Exploration Plan. In case that the Contractor presents the Exploration Plan for the approval of the CNH after the deadline, the Contractor shall pay to the Fund as liquidated damages ten thousand (10,000) Dollars per Day during the entire delay period.

Appears in 5 contracts

Samples: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)

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Delays in the Submission of the Exploration Plan. In case that the Contractor presents the Exploration Plan for the approval of the CNH after the deadlinedeadline without just cause, the Contractor shall pay to the Fund as liquidated damages ten thousand (10,000) [ ] Dollars per Day during the entire delay period.

Appears in 1 contract

Samples: License Contract for the Extraction of Hydrocarbons

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