Sub-Area Sample Clauses

Sub-Area. Development of a Potential Storage Site by less than all Parties will in respect of the area com- prised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 9.1 (a) provided that (a) forfeiture upon default under Section 11.3.3 with respect to operations shall mean forfeiture of the Defaulting Party’s Percentage Interest in the entire Licence Area, subject to the following provisions:
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Sub-Area. Development of a Potential Storage Site by less than all Parties will in respect of the area comprised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 10.1
Sample 1
Sub-Area. Development of a Discovery by less than all Parties will in respect of the area comprised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 9.1 (a) provided that (a) forfeiture upon default under Section 11.3.3 with respect to operations shall mean forfeiture of the Defaulting Party’s Percentage Interest in the entire Licence Area, subject to the following provisions:
Sample 1
Sub-Area. Development of a Potential Storage Site by less than all Parties will in respect of the area comprised therein be regarded as creating a Sub-Area, and this Agreement shall as far as possible apply independently in the manner of a separate contract to such Sub Area and apply mutatis mutandis to the interests of the Parties participating in the sole risk development subject to the provision of Section 10.1 (a) provided that forfeiture upon default under Section 12.3.3 with respect to operations shall mean forfeiture of the Defaulting Party’s Percentage Interest in the entire Licence Area, subject to the following provisions: The Non Defaulting Parties who are also Sole Risk Participants for any particular sole risk operation shall have the right to acquire the Defaulting Party’s Percentage Interest in the sole risk operation and relevant property and Sub-Area, subject to the provisions of Section 12.3 as applied mutatis mutandis to such sole risk operation, property or Sub-Area, and All Non Defaulting Parties shall have the right to acquire the Defaulting Party’s Percentage Interest in the remainder of the Licence area, subject to the provisions of Section 12.3; the Sole Risk Participants shall have a right of access to the Sub-Area; and there shall be no separate right of assignment or withdrawal and accordingly Article 10 shall not apply independently to such separate contract. Non-participating Parties shall be indemnified by participating Parties in the manner described in Section 8.4.1.
Sample 1

Related to Sub-Area

  • Built-up Area The built-up area for the Designated Apartment or any other Unit shall mean the Carpet Area of such Unit and Balcony area and 50% (fifty percent) of the area covered by those external walls which are common between such Unit/Balcony and any other Unit/Balcony and the area covered by all other external walls of the such Unit/Balcony.

  • Study Area The study area focused on the Bulk Power System in South-Eastern New York between Albany and New York City, and voltages underlying systems at 115 kV and above in the lower Xxxxxx Valley (Zones G, H & I). In the PSS™E power flow base case provided by NYISO, facilities rated at 115 kV and above in PSS™E designated areas 6 through 11 are monitored in the study. These areas are: • Capital District • Xxxxxx • Millwood • Xxxxxxxxx • Con Ed • Long Island

  • Alpine Areas The employer shall pay an Alpine disability allowance of $2.50 per hour worked on projects in alpine areas.

  • Sale Area When portions of the sale area become subject to a foreign or domestic governmental regulation or order that will likely prevent timber harvest for a period that will exceed the expiration date of this contract, and Purchaser has complied with this contract, the following shall apply:

  • Work Area The specific work area and/or crew an employee reports to on a daily schedule. Work areas are generally smaller divisions of a larger Bid Area.

  • Common Area (Check one)

  • Basement Any leaks or evidence of moisture? Yes No Unknown Does Not Apply Comments:

  • Porcupine Site Highway 11

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • Area The sphere of operation shall be England, Wales and Northern Ireland.

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