Exploration Area Sample Clauses

Exploration Area the area of the Land specified on page 1 or marked on the map at Annexure A.
Exploration Area refers to a portion of the contract area which has not been relinquished before the expiration of the exploration period and which is not included in a development area or a production area.
Exploration Area. (i) Minimum Work Programme: (ii) Minimum Exploration Expenditure US$ [ ] million Seismic Data US$ [ ] million Drilling US$ [ ] million
Exploration Area. Seller agrees to make the additional expenditures and pursue the exploration program committed to in Section 2.1 in new areas outside of gas fields presently identified with a Field or Pool code by the Alaska Oil and Gas Conservation Commission. It is the intent of Seller to identify, develop, and produce new reserves from new fields, and to acquire and deliver new gas into the Xxxx Inlet area, including Anchor Point, Ninilchik and Xxxxx.

Related to Exploration Area

  • Contract Area Block which superficial projection is delimited by the polygon defined in Annex I or the plots of the Block remaining subject to the Agreement after the partial relinquishments provided for herein are made.

  • Alpine Areas As of 1 March 2024, the Employer shall pay an Alpine disability allowance of $4.45 for hours worked on Projects in alpine areas. These allowances will be adjusted annually in accordance with CPI (All Groups, Melbourne) movements measured in the twelve month period ending the previous December quarter effective as of 1 March 2025, rounded to the nearest 5 cents.

  • Minerals The seller’s share of minerals (if any) will NOT transfer with the surface at closing.

  • Area of Interest At its option, either the Vendor, on the one hand, or Stone, on the other hand, may acquire any interest in real property wholly or partially situate within the Area of Interest, in its own name and on such terms and conditions as the acquirer (in its sole discretion) deems acceptable. Within fifteen (15) days after any such acquisition is consummated, the acquirer shall give notice thereof to Stone or the Vendor, as the case may be, and the notice shall be accompanied by copies of all instruments documenting the acquisition. The other party shall have a period of fifteen (15) days after its receipt of such notice and accompanying materials to make the interest in real property described therein part of the Properties and subject to this Agreement by giving the acquirer notice of its decision to do so. If the Vendor are the acquirer and Stone gives the Vendor the fifteen (15) days notice of Stone’s decision to make the interest in real property acquired by the Vendor part of the Properties and subject to this Agreement, then Stone’s notice to the Vendor of that decision shall be accompanied by payment to the Vendor of one hundred percent (100%) of the Vendor’ actual out-of-pocket cash acquisition costs and the payment by Stone to the Vendor shall constitute a Earning Cost. If the acquirer is Stone and the Vendor give Stone the fifteen (15) days notice of the Vendor’ decision to make the interest in real property acquired by Stone part of the Properties and subject to this Agreement, then the acquisition by Stone shall have been made at the sole cost and expense of Stone but all of Stone’s actual out-of-pocket cash acquisition costs shall constitute Earning Costs. No acquisition by either the Vendor or Stone pursuant to the provisions of this Section 15 shall operate to enlarge the Area of Interest, and all interests in real property so acquired. Any such acquisitions shall form part of the Property and be subject to the provisions of this Agreement. Stone’s obligations under this Section shall survive Stone’s exercise and closing of the option granted to Stone under Section 5.

  • Area The sphere of operation shall be England, Wales and Northern Ireland.

  • MINES The Contractor represents and warrants that neither it, its parent entities (if any), nor any of the Contractor’s subsidiaries or affiliated entities (if any) is engaged in the sale or manufacture of anti-personnel mines or components utilized in the manufacture of anti-personnel mines.

  • Project 3.01. The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall carry out the Project in accordance with the provisions of Article IV of the General Conditions.

  • Project Work Plan The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from PEI and the Grantee.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Project Site The “Project Site” is the place where the Work is being carried on.