Common use of Extension of the Term Clause in Contracts

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to Article 5.

Appears in 1 contract

Samples: Joint Operating Agreement (Geoglobal Resources Inc.)

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Extension of the Term. (A) A A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to under Article 5.

Appears in 1 contract

Samples: Joint Operating Agreement (Duma Energy Corp)

Extension of the Term. (A) A A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Production Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to under Article 5.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

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Extension of the Term. (A) A A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the ContractLicence, or a proposal to extend the term of the ContractLicence, shall be brought before the Operating Committee pursuant to under Article 5.

Appears in 1 contract

Samples: Joint Operating Agreement (Discovery Energy Corp.)

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