Termination of GeoXplor as Operator. If GeoXplor defaults in the performance of its duties and obligations to perform plans for the performance of Work as specified in subsection f of Section 4 of this Agreement, NECA shall give GeoXplor written notice specifying the default and the same provisions specified in subsection a of this Section 6 shall apply. If the default is not cured, or other appropriate action taken, GeoXplor’s designation as operator shall terminate. The termination of GeoXplor as operator shall not release the NECA from its obligation to complete the expenditures of Work required under subsection f of Section 4.
Appears in 7 contracts
Samples: Extension Agreement (New America Energy Corp.), Extension Agreement (First Liberty Power Corp), Purchase Agreement (New America Energy Corp.)
Termination of GeoXplor as Operator. If GeoXplor defaults in the performance of its duties and obligations to perform plans for the performance of Work as specified in subsection f of Section 4 of this Agreement, NECA First Liberty shall give GeoXplor written notice specifying the default and the same provisions specified in subsection a of this Section 6 shall apply. If the default is not cured, or other appropriate action taken, GeoXplor’s designation as operator shall terminate. The termination of GeoXplor as operator shall not release the NECA First Liberty from its obligation to complete the expenditures of Work required under subsection f of Section 4.
Appears in 3 contracts
Samples: Purchase Agreement (First Liberty Power Corp), Purchase Agreement (First Liberty Power Corp), Purchase Agreement (First Liberty Power Corp)
Termination of GeoXplor as Operator. If GeoXplor defaults in the performance of its duties and obligations to perform plans for the performance of Work as specified in subsection f of Section 4 of this Agreement, NECA ALM shall give GeoXplor written notice specifying the default and the same provisions specified in subsection a of this Section 6 shall apply. If the default is not cured, or other appropriate action taken, GeoXplor’s designation as operator shall terminate. The termination of GeoXplor as operator shall not release the NECA ALM from its obligation to complete the expenditures of Work required under subsection f of Section 4.
Appears in 1 contract
Samples: Purchase Agreement (American Lithium Minerals, Inc.)
