Common use of SECTION FIFTEEN – DEVELOPMENT PLAN Clause in Contracts

SECTION FIFTEEN – DEVELOPMENT PLAN. Deadlines The Consortium Members shall submit the Development Plan to ANP within one hundred and eighty (180) days of the later of submission of the Declaration of Commercial Feasibility or of receipt of the communication of approval for the Final Discovery Assessment Report. If the Declaration of Commercial Feasibility is postponed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Consortium Members to be subject to the sanctions provided for in Section Thirty and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Consortium Members so that they submit the Plan within no more than thirty (30) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.

SECTION FIFTEEN – DEVELOPMENT PLAN. Deadlines The Consortium Members shall submit the Development Plan to ANP within one hundred and eighty (180) days of the later of submission of the Declaration of Commercial Feasibility or of receipt of the communication of approval for the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is postponeddelayed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Consortium Members to be subject to the sanctions provided for in Section Thirty Thirty-One and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Consortium Members so that they submit the Plan within no more than thirty ten (3010) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.

SECTION FIFTEEN – DEVELOPMENT PLAN. Deadlines The Consortium Members shall submit the Development Plan to ANP within one hundred and eighty (180) days of the later of submission of the Declaration of Commercial Feasibility or of receipt of the a communication of approval for the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is postponeddelayed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Consortium Members to be subject to the sanctions provided for in Section Thirty Thirty-One and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Consortium Members so that they submit the Plan within no more than thirty ten (3010) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.