Other Natural Resources Clause Samples
The "Other Natural Resources" clause defines the rights and obligations of parties regarding natural resources on a property beyond those specifically named elsewhere in the agreement, such as minerals, oil, or gas. This clause typically clarifies whether resources like timber, water, sand, or gravel are included in the transaction or reserved by the seller, and may outline procedures for their extraction or use. Its core function is to prevent disputes by clearly specifying ownership and usage rights for all natural resources not otherwise addressed, ensuring both parties understand the scope of what is being conveyed or retained.
Other Natural Resources. The Consortium Members are prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Contract Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations.
Other Natural Resources. The Concessionaire is prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations.
Other Natural Resources. The Consortium Members are prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Contract Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Consortium Members shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. While such instructions are not submitted to the Consortium Members, they shall refrain from taking any measures that may pose a risk or somehow damage the natural resources discovered. The Consortium Members shall not be required to suspend their activities, except when they pose a risk to the natural resources discovered or the Operations.
Other Natural Resources. The Concessionaire is prohibited to use, enjoy, or dispose, in any way and at any title, totally or partially, of any other natural resources that may exist in the Concession Area other than Oil and Gas, except when duly authorized by the competent authorities, according to the Applicable Laws and Regulations. Discovery of natural resources other than Oil and Gas by chance shall be notified to ANP within no more than seventy-two (72) hours. The Concessionaire shall follow the instructions and allow implementation of the relevant measures determined by ANP or other competent authorities. Until such instructions are submitted to the Concessionaire, it shall refrain from taking any measures that may pose a risk or somehow damage the natural resources discovered. The Concessionaire shall not be required to suspend its activities, except when they pose a risk to the natural resources discovered or the Operations. Any interruption of the Operations, exclusively due to the discovery of other natural resources by chance, shall have its duration calculated and acknowledged by ANP for purposes of extension of this Agreement.
Other Natural Resources. The Concessionaire may not use, enjoy or dispose in any way or for any purpose, total or partially, of any other natural resources that may exist in the Concession Area that are not Oil and Natural Gas, except when duly authorized, in accordance with the applicable law.
Other Natural Resources. The Consortium Members must not use, enjoy or dispose, in any way and in any capacity, in whole or in part, of any other natural resources that may exist in the Agreement Area other than Oil and Natural Gas, except when authorized by the competent agencies, in accordance with the Applicable Law. The fortuitous encounter of natural resources other than Oil and Natural Gas must be notified to ANP within a maximum period of 72 (seventy-two) hours. The Consortium Members shall comply with the instructions and allow the execution of the relevant measures determined by ANP or other competent authorities. . Until such instructions are presented to them, the Consortium Members shall refrain from any measures that may pose a risk or in any way harm the discovered natural resources. The Consortium Members shall not be obliged to suspend their activities, except in cases where they endanger the discovered natural resources or Operations.
Other Natural Resources. This Agreement refers exclusively to the Exploration, Development and the Production of Oil and Natural Gas, and it shall not be extended to any other natural resources which may be found in the Concession Area. The Concessionaire must not, therefore, use, usufruct or dispose, in any way and for any purpose, totally or partially, of these resources, except when duly authorized in accordance with the applicable Laws of Brazil, provided that the provisions of the paragraphs 6.1 and
Other Natural Resources. The Concessionaire is prohibited from using, enjoying or disposing of, in any way and for any reason, in whole or in part, any other natural resources that may exist in the Concession Area other than Oil and Natural Gas, except when authorized by the competent bodies, under the terms of the Applicable Legislation. The chance encounter of natural resources other than oil and natural gas must be notified to ANP within a maximum of 72 (seventy-two) hours. The Concessionaire must comply with the instructions and allow the execution of the relevant measures determined by ANP or other competent authorities. Until such instructions are presented to it, the Concessionaire must refrain from any measures that could jeopardize or in any way damage the natural resources discovered. The Concessionaire shall not be obliged to suspend its activities, except in cases where these put the discovered natural resources or the Operations at risk. Any interruption of Operations, exclusively due to the fortuitous encounter of other natural resources, shall have its period computed and recognized by ANP for the purpose of extending this Agreement. Operations must be carried out exclusively in the Concession Area, described and delimited in Annex I. If the ring fence of the Area with Marginal Accumulations is located partly onshore and partly in shallow waters, the Concessionaire wishing to carry out maritime Operations must submit this claim to ANP and obtain the minimum qualification required, without prejudice to obtaining the relevant environmental licenses, under penalty of the sanctions provided for in this Agreement and in the Applicable Legislation.
Other Natural Resources. The Consortium Members may not use, enjoy or dispose in any way or for any purpose, total or partially, of any other natural resources that may exist in the Contract Area that are not Oil and Natural Gas, except when duly authorized, in accordance with the Applicable Law.
Other Natural Resources. This Contract exclusively refers to the Exploration and Oil and Natural Gas Production and shall not extend to any other natural resources which may exist in the Concession Area.