Common use of Final Relinquishment of Exploration Area Clause in Contracts

Final Relinquishment of Exploration Area. (a) At the end of the seventh (7th) Contract Year, the Contractor shall relinquish all of the Contract Area other than such part thereof as is a Development Area.

Appears in 9 contracts

Samples: www.resourcecontracts.org, www.resourcecontracts.org, mail.laohamutuk.org

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Final Relinquishment of Exploration Area. (a) At the end of the seventh (7th) Contract Year, the Contractor Contractors shall relinquish all of the Contract Area other than such part thereof as is a Development Area.

Appears in 2 contracts

Samples: www.laohamutuk.org, www.laohamutuk.org

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Final Relinquishment of Exploration Area. (a) At the end of the seventh fifth (7th5th) Contract Year, the Contractor shall relinquish all of the Contract Area other than such part thereof as is a Development AreaArea and/or a Gas Retention Area or Oil Retention Area in accordance with sub-Articles 3.5 and 3.6.

Appears in 1 contract

Samples: www.laohamutuk.org

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