Common use of SUSPENSION OF OPERATIONS Clause in Contracts

SUSPENSION OF OPERATIONS. The License shall be temporarily suspended by the MINISTER’s Decree in the following cases: 1. If the Exploration operations constitutes a gross dangerous on the safety and security of the work, laborers, third parties, or the Exploration Area. 2. If the work is suspended for reasons due to the Company's will, or negligence, the duration of the suspension must be calculated within the License period and without prejudice to EMRA's right to have all necessary indemnifications for any damages to the Exploration Area. 3. If work is suspended for reasons beyond the Company's control, force majeure or sudden accident, the suspension period will be added to the License period without claiming the rental value due for that period. 4. If EMRA’s technical department submits two technical reports for the existence of technical breach, which shall cause the aforementioned damages The License may be re-valid at the request of the Company, when the reasons for the suspension Decree are removed, and subject to the MINISTER’s Decree.

Appears in 3 contracts

Samples: Mining Exploration License, Mining Exploration License, Mining Exploration License

AutoNDA by SimpleDocs

SUSPENSION OF OPERATIONS. The License shall be temporarily suspended by the MINISTER’s Decree in the following cases: 1. If the Exploration operations constitutes a gross dangerous on the safety and security of the work, laborers, third parties, or the Exploration Area. 2. If the work is suspended for reasons due to the Company's will, or negligence, the duration of the suspension must be calculated within the License period and without prejudice to EMRA's right to have all necessary indemnifications for any damages to the Exploration Area. 3. If work is suspended for reasons beyond the Company's control, force majeure or sudden accident, the suspension period will be added to the License period without claiming the rental value due for that period. 4. If EMRA’s technical department submits two technical reports for the existence of a breach of technical breachstandards and references, which shall cause the aforementioned damages damages. The License may be re-valid at the request of the Company, when the reasons for the suspension Decree are removed, and subject to the MINISTER’s Decree.

Appears in 1 contract

Samples: Exploration License

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!