Effectiveness of Financial Guarantees. The effectiveness of the financial guarantees shall exceed the date expected for completion of the Exploration Phase by at least one hundred and eighty (180) days.
Appears in 15 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement
Effectiveness of Financial Guarantees. The effectiveness of the financial guarantees guarantee shall exceed the date expected for completion of the Exploration Phase by at least one hundred and eighty (180) days.
Appears in 8 contracts
Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas
Effectiveness of Financial Guarantees. The effectiveness of the financial guarantees guarantee shall exceed the date expected for completion of the Exploration Phase by at least one hundred and eighty (180) days. Financial guarantees shall be renewed whenever necessary, in the amount adjusted by inflation, pursuant to the provisions of paragraph 6.9. In case of suspension of the Exploration Phase, the renewal of the financial guarantees shall cover a term of no less than one (1) year.
Appears in 3 contracts
Samples: Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas, Concession Agreement for Exploration and Production of Oil and Gas
