Common use of Exploration Clause in Contracts

Exploration. (a) The Contractor shall submit, for the approval of the Designated Authority, an Exploration Work Programme and Budget for each Calendar Year. (b) From time to time, the Contractor may submit, for the approval of the Designated Authority, amendments to the Exploration Work Programme and Budget. (c) The Contractor is not obliged to carry out more Exploration in a Contract Year than is required by sub-Articles 4.1, 4.2 and 4.3.

Exploration. (a) The Contractor shall submit, for the approval of the Designated Authority, an Exploration Work Programme and Budget for each Calendar Year. (b) From time to time, the Contractor may submit, for the approval of the Designated Authority, amendments to the Exploration Work Programme and Budget. (c) The Contractor is not obliged to carry out more Exploration in a Contract Year than is required by sub-Articles Sections 4.1, 4.2 and 4.3. (d) The Designated Authority may not unreasonably withhold its approval of an Exploration Work Programme and Budget, or of an amendment to it, properly submitted by the Contractor.

Exploration. (a) The Contractor shall submit, for the approval of the Designated Authority, an Exploration Work Programme and Budget for each Calendar YearPeriod. (b) From time to time, the Contractor may submit, for the approval of the Designated Authority, amendments to the Exploration Work Programme and Budget. (c) The Contractor is not obliged to carry out more Exploration in a Contract Year Period than is required by sub-Articles 4.1, 4.2 and 4.3.