Common use of Nation Interest Clause in Contracts

Nation Interest. On Nation spending at least the Earning Amount in Expenditure on or for the benefit of the Permit Area before the end of the Earning Period (Earning Date), Nation, on giving notice to Paltar verifying the amount of Expenditure Nation has incurred: (a) acquires a beneficial interest, to the extent of the Nation interest, in the Permit Area; and (b) will have the right to be transferred the Nation Interest in the Permit Area, in such manner and on such terms as do not materially increase the obligations owed the Government in respect of the area then covered by the Permit; and

Nation Interest. On Nation spending at least the Earning Amount in Expenditure on or for the benefit of the Permit Area Nation Blocks before the end of the Earning Period (Earning Date), Nation, on giving notice to Paltar verifying the amount of Expenditure Nation has incurred: (a) acquires a beneficial interest, to the extent of the Nation interestInterest, in the Permit AreaNation Blocks; and (b) will have the right to be transferred the Nation Interest in the Permit AreaNation Blocks, in such manner and on such terms as do not materially increase the obligations owed the Government in respect of the area then covered by the Permit; and

Nation Interest. On Nation spending at least the Earning Amount in Expenditure on or for the benefit of the Permit Area Nation Blocks before the end of the Earning Period (Earning Date), Nation, on giving notice to Paltar Officer verifying the amount of Expenditure Nation has incurred: (a) acquires a beneficial interest, to the extent of the Nation interestInterest, in the Permit AreaNation Blocks; and (b) will have the right to be transferred the Nation Interest in the Permit AreaNation Blocks, in such manner and on such terms as do not materially increase the obligations owed the Government in respect of the area then covered by the Permit; and

Nation Interest. On Nation spending at least the Earning Amount in Expenditure on or for the benefit of the Permit Area before the end of the Earning Period (Earning Date), Nation, on giving notice to Paltar Officer verifying the amount of Expenditure Nation has incurred: (a) acquires a beneficial interest, to the extent of the Nation interest, in the Permit Area; and (b) will have the right to be transferred the Nation Interest in the Permit Area, in such manner and on such terms as do not materially increase the obligations owed the Government in respect of the area then covered by the Permit; and