Exploration Activities. All mineral exploration activities on the properties of the Company, any Subsidiary or to the Company's knowledge, any Joint Venture Entity have been conducted in all material respects in accordance with good mining and engineering practices and all applicable workers' compensation and health and safety and workplace laws, regulations and policies have been duly complied with except where the failure to so conduct operations could not reasonably be expected to have a Material Adverse Effect.
Exploration Activities. The Company shall commence Exploration Activities within a period of two months after the Effective Date in accordance with the time schedule stipulated in the programme of activities set out in Appendix … (as submitted by licensee) hereto and shall adhere to such time periods or any modification thereto as provided for by this License. The Company shall carry out the programme of activities set out in Appendix … (as submitted by licensee) hereto. In carrying out such activities the Company shall spend in each contract year not less than the amount specified in such programme, or any agreed review thereof, in actual and direct Exploration expenditures. The Company, with the prior written notification of EMRA, may from time to time make such changes in the programme of activities and the expenditures specified therein as may be necessary and prudent in accordance with good mining industry practice; however, such changes shall not affect the minimum limits of expenditures specified in Section 3.0, taking into account the market conditions for gold and associated minerals and other relevant global economic conditions. Not later than 90 days prior to the expiration of each Exploration two-year period from the date on which this License enters into force in accordance with section 2.1 hereof, the Company and EMRA shall jointly undertake a review of the implementation of the plan of work for Exploration under this License. In the light of the review and in case the Company wishes to renew the Exploration period, the Company shall indicate its programme of activities for the following two-year period, including a revised schedule of anticipated yearly expenditures, making such adjustments to its previous programme of activities as are necessary. Appendix 2 hereto shall be adjusted accordingly.
Exploration Activities. 3.1 General Separate accounts will be maintained for Exploration Costs incurred in respect of Xxxxxxxx Xxxx Xxxxx X xxx Xxxxxxxx Xxxx Xxxxx X and in respect of the Contract Area as defined in the Eastern Minerals COW ("Eastern Area").
Exploration Activities. (a) Vista shall conduct all exploration and related activities on the Premises in a good and workmanlike manner and in accordance with accepted industry practices. All decisions with respect to the exploration of the Premises shall be made by Vista in its sole discretion.
(b) Vista shall comply with all valid state, federal, state and local laws and regulations governing its activities on the Premises. If this Agreement is inconsistent with or contrary to any law or regulation, the law or regulation shall control and this Agreement shall be deemed to be modified accordingly.
(c) Except as provided for in Section 5.4 (INSPECTION), Vista shall hold Owner harmless for all claims, loss, liability, liens or expense of any kind arising from or related to its activities on the Premises, excepting therefrom such claims or liability caused by the negligence or willful misconduct of Owner, its agents or employees. Vista agrees to indemnify Owner against any such claims or liability, including all costs and reasonable attorney's fees incurred by Owner in defending against such claim or liability.
Exploration Activities. In case that during the Petroleum Activities, the Contractor determines the possibility to achieve a Discovery outside the appraised areas, the Contractor may submit a request to CNH in order to carry out Exploration activities in accordance with the terms of this Contract. forth below:
Exploration Activities. The Purchaser shall be satisfied, in its sole and absolute discretion, that all licenses, agreements (including any surface rights agreements), permits and other arrangements necessary for a team to conduct exploration activities on the UA92 Property are in place;
Exploration Activities. The Company presently plans to expand its operations in more speculative and risky precious metal exploration, in addition to its existing drilling services and equipment maintenance and repair business. Exploration for gold, silver and other precious metals is a highly speculative business, with no assurance that adequate deposits or reserves can be located or that if located, meaningful volumes of ore can be extracted, refined or sold at profitable rates. In addition, the Company's present management has limited experience in acquiring or operating previous metal mining properties.
Exploration Activities. To the knowledge of the Company, all mineral exploration activities on the Pebble Project have been conducted in accordance with good mining and engineering practices and all applicable workers’ compensation and health and safety and workplace laws, regulations and policies have been duly complied with.
Exploration Activities. (a) The Company shall commence Exploration Activities within a period of two months after the Date of Commencement of Exploration, in accordance with the time schedule stipulated in the for the first year of Exploration Activities set out in Annex A-2 hereto and shall use commercially reasonable efforts to adhere to such time periods or any modification thereto as provided for by this License. The Company shall carry out the program of activities set out Annex A-2 hereto. In carrying out such activities the Company shall spend in each contract year not less than the amount specified in such program, or any agreed review thereof, in actual and direct Exploration expenditures. The Company, with the prior written notification of EMRA, may from time to time make such changes in the program of activities and the expenditures specified therein as may be necessary and prudent in accordance with good mining industry practice; however, such changes shall not affect the minimum limits of expenditures specified in Section 3.0, taking into account the market conditions for Gold and Associated Minerals and other relevant global economic conditions. Not later than 90 days prior to the expiration of each Exploration two-year period from the date on which this License enters into force in accordance with section 2.1 hereof, the Company and EMRA shall jointly undertake a review of the implementation of the plan of work for Exploration under this License. In the light of the review and in case the Company wishes to renew the Exploration period, the Company shall indicate its program of activities for the following two-year period, including a revised schedule of anticipated yearly expenditures, making such adjustments to its previous program of activities as are necessary. Annex- 2 hereto shall be adjusted accordingly.
(b) At least 2 months prior to completion of each then current Annual Program and Budget, the Company will develop annual Programs and Budgets for Exploration Activities, (each, an “Annual Program and Budget”). Each Annual Program and Budget shall include Expenditures which will allow the Company to meet the minimum Expenditures to be made by the Company in the applicable period, as set out below.
(c) The Company shall submit each Annual Program and Budget to EMRA. EMRA may provide non-binding recommendations to the Company for amendments or other changes to the proposed Annual Program and Budget and the Company shall consider, such recommendations.
(d) For t...
Exploration Activities. Section 2.28 of the Company Disclosure Schedules sets forth a listing of all exploration and development activities in which the Company or any Subsidiary has elected to participate since June 30, 1999 and with respect to which the Company or any Subsidiary has expended or committed to expend $10,000 or more. The Company has provided Parent with materially true and complete information (to the extent the Company or any Subsidiary has such information in its possession or has access to such information and subject to the qualification that, in the case of such activities where Statex is not the operator, this representation and warranty is made only to the Company's knowledge) regarding the status and results of all such activities, including, without limitation, well logs, results of drill stem tests, production information and other pertinent information.
