Extension of Exploration Period Phases. 4.10.1. At the request of the Contractor, the XXX is empowered to authorize the extension of the term of any of the Exploration Period Phases in progress, until the completion of drilling, testing and completion of Exploratory Xxxxx, Acquisition of Seismic Programs, as well as their corresponding Processing and Interpretation, added to the performance of other Exploration Activities agreed, provided that the following concurrent conditions have been fulfilled and the Contractor undertakes to fulfill its commitments, as the case may be:
4.10.1.1. That the aforementioned activities are part of the Exploration Program and have been initiated at least three (3) Months prior to the date of termination of the respective Exploration Period Phase.
4.10.1.2. That the Contractor has executed such activities without interruption.
4.10.1.3. That, in spite of the responsibility and diligence of his actions, in fulfilling its services and commitments, the Contractor reasonably considers that the remaining time is insufficient to complete them, before the expiration of the current Phase.
4.10.1.4. That the warranties that support the fulfillment of the obligations, the performance of the activities and the realization of the investments corresponding to the Phase in question, as well as the Guarantee of Labor Obligations and the Extra- contractual Civil Liability Insurance be extended, if applicable pursuant to Agreement 2 of 2017 and to this Agreement, so that it is always duly protected, and
4.10.1.5. That the Contractor pays the value of the Economic Rights for the use of the Subsurface and the Contribution for Training, Institutional Strengthening and Technology Transfer corresponding to the term of the extension, within thirty (30 ) Calendar Days following its commencement.
4.10.2. With the extension request, the Contractor must submit to the XXX the documents supporting this request, accompanied by a schedule of activities that secures the completion of the works and the delivery of the Technical Information within the term of the extension.
4.10.3. Applications must be made in advance of at least fifteen (15) Calendar Days with respect to the date of completion of the current Phase.
4.10.4. The extension of the warranties, in accordance with the requirements set forth in Clauses 35 to 38, must be submitted to the XXX, within ten (10) Business Days following the approval of the corresponding extension, under penalty of being understood as revoked.
4.10.5. For the a...
Extension of Exploration Period Phases.
4.4.1 The Contractor may request the XXX to extend any of the Phases of the Exploration Period. The request must include:
4.4.4.1 All its supporting documentation;
4.4.4.2 A schedule of activities that ensures the completion of the work, the required investment, if applicable, and the delivery of the information during the requested extension time.
4.4.2 Applications must be submitted at least fifteen (15) Calendar Days in advance with respect to the date of completion of the current Phase.
4.4.3 The XXX is empowered to authorize the extension of the term of any of the Phases of the Exploration Period that is being executed, including that corresponding to the Subsequent Exploration Program, until the completion of the drilling, testing, completion, plugging and/or Abandonment activities in Exploratory or Stratigraphic Xxxxx and/or the acquisition of seismic programs, as well as their respective processing and interpretation.
4.4.4 For this purpose, the Contractor must have complied with the following concurrent conditions:
4.4.4.1. That the activities that make up the Exploration Period to be extended are part of the Exploration Program and have been commenced at least one (1) Month prior to the date of termination of the respective phase of the Exploration Period;
