Exploration Term Sample Clauses

Exploration Term. 7.1.1 Subject to compliance with Applicable Law, regulations and the terms of the Exploration License, the Exploration Phase will have an initial term of five (5) years from the Effective Date (the “Initial Exploration Term”). 7.1.2 The initial term of the Exploration Phase may be extended for up to five (5) years (the “Additional Exploration Term”) upon a Shareholder giving notice to the other Shareholder of the Additional Exploration Term at least three (3) months prior to the expiry of the Initial Exploration Term and the other Shareholder confirming in writing their agreement to extend the Exploration Phase. 7.1.3 Unless otherwise agreed by the Shareholders in writing, if at the end of the Exploration Term there has been no Designated Project Designation (“Exploration Term Expiry”), this Agreement shall terminate in accordance with Clause 29 (Term, Validity and Termination). 7.1.4 The Exploration Phase shall be deemed to continue for so long as there is Exploration Works being carried out in accordance with the terms of this Agreement and shall otherwise expire on the earlier to occur of (i) the written agreement of the Shareholders, or (ii) following a period of three (3) years during which no Exploration Works have been undertaken by the Parties.
Sample 1
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Exploration Term. Subject to compliance with Applicable Law, regulations and the terms of the Exploration License, the Exploration Phase will have an initial term of five (5) years from the Effective Date (the “Initial Exploration Term”).
Sample 1
Exploration Term. The effective term of the right of exploration granted by Committing Assignor to Nayarit pursuant to this Agreements is of 2 years commencing as of the date of execution hereof. However, Nayarit may early terminate this Agreement without responsibility through written notice thereof. The parties agree that in case of early termination, Nayarit shall not be obligated to make the payments of money, shares and royalties described in Clause 6, paragraph 6.1.1, 6.1.2 and 6.1.2 of this Agreement that were not due upon early termination, nor shall Nayarit be obligated to continue its investment obligation as described in paragraph 7.1 of Clause 7 of this Agreement. Notwithstanding the foregoing and in the event that Nayarit terminates this Agreement by means of a simple written notice addressed to the “Committing Assignor”, Nayarit commits to pay to the owner of the concession and the Committing Assignor the 20% (twenty per cent) of the total of the remaining payments set forth in paragraph 6.1.1 of Clause 6, the foregoing due to the obligation of Committing Assignor to comply with the term herein stated. Moreover, the Explorer and Committing Assignee shall deliver to the Committing Assignor every 6 months, without the need of any previous requirement, each and all of the exploration reports performed on the lots of the mining concession, including the results of such works, its plot plans, and all those documents produced by the Explorer and Committing Assignee due to the performance of such works, documents that will not cause any costs to be paid by the Committing Assignor.
Sample 1
Exploration Term. Unless sooner terminated by the Parties, the term of the Agreement shall expire three (3) years from the Effective Date, unless otherwise extended by the written agreement of the Parties (the "Exploration Term").
Sample 1
Exploration Term. Unless sooner terminated or expiring as provided ---------------- for herein, the Exploration Term of this Agreement shall commence on the effective date and shall end seven (7) years therefrom at 11:59 P.M.
Sample 1

Related to Exploration Term

  • Development Period The Contractor may commence pre-construction activities like utility shifting, boundary wall construction or any other activity assigned to the Contractor by the Authority to enable construction of the Project Highway immediately after signing of the Agreement, to the extent that such work is ready for execution. The Parties agree that these works may be taken up and completed to the extent feasible by the Contractor, before declaration of the Appointed Date, but no claim against the Authority for delay shall survive during this period and that the undertaking of these works by the Contractor shall not count towards the Scheduled Construction Period of the project which starts counting only from the Appointed Date. No construction activity of the Project Highway shall be undertaken during the development period.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Research Term The term “

  • Development Diligence Pfizer will use its Commercially Reasonable Efforts to Develop and seek Regulatory Approval for [ * ] Product [ * ] in the Field [ * ]. Pfizer will [ * ] with respect to the Development or Regulatory Approval of Products under this Agreement.

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Research Project The findings of any research project, which would change the provisions of this Agreement will not be implemented until such changes are negotiated and agreed to by the parties.

  • 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.

  • Development of the Property Except as modified by this Agreement, the Development and the Property will be developed in accordance with all applicable local, state, and federal regulations, including but not limited to the City’s ordinances and the zoning regulations applicable to the Property, and such amendments to City ordinances and regulations that that may be applied to the Development and the Property under Chapter 245, Texas Local Government Code, and good engineering practices (the “Applicable Regulations”). If there is a conflict between the Applicable Regulations and the Development Standards, the Development Standards shall control.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Planning Period All observations must be conducted openly and with full knowledge of the employee.

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