Common use of SECTION TEN – DEVELOPMENT PLAN Clause in Contracts

SECTION TEN – DEVELOPMENT PLAN. Deadlines The Concessionaire shall submit the Development Plan to ANP within one hundred and eighty (180) days of submission of the Declaration of Commercial Feasibility or receipt of a communication of approval of the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 8.4 and 8.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Concessionaire to be subject to the sanctions provided for in Section Twenty-Nine and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Concessionaire so that it submits the Plan within no more than ten (10) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.

SECTION TEN – DEVELOPMENT PLAN. Deadlines The Concessionaire shall submit the Development Plan to ANP within one hundred and eighty (180) days of submission of the Declaration of Commercial Feasibility or receipt of a communication of approval of the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 8.4 and 8.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Concessionaire to be subject to the sanctions provided for in Section Twenty-Nine and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Concessionaire so that it submits the Plan within no more than ten thirdy (1030) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.

SECTION TEN – DEVELOPMENT PLAN. Deadlines The Concessionaire shall submit the Development Plan to ANP within one hundred and eighty (180) days of submission of the Declaration of Commercial Feasibility or receipt of a communication of approval of the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 8.4 and 8.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Concessionaire to be subject to the sanctions provided for in Section Twenty-Nine Eight and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Concessionaire so that it submits the Plan within no more than ten thirty (1030) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.

SECTION TEN – DEVELOPMENT PLAN. Deadlines The Concessionaire shall submit the Development Plan to ANP within one hundred and eighty (180) days of submission of the Declaration of Commercial Feasibility or receipt of a communication of approval of the Final Discovery Assessment Report, whichever comes last. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 8.4 and 8.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan shall cause the Concessionaire to be subject to the sanctions provided for in Section Twenty-Nine and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided, ANP shall notify the Concessionaire so that it submits the Plan within no more than ten thirty (1030) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area.