Common use of Variation of Agreement by Minister in certain event Clause in Contracts

Variation of Agreement by Minister in certain event. If on or after the expiration of the first nine years or (if pursuant to clause 15 hereof that period is extended) twelve years of the term of this Agreement the Company has ceased or ceases to use coal from the leased area for the generation of electric power in the power generating station referred to in clause 15 hereof the Minister at any time thereafter may by an instrument under his hand vary the provisions of this Agreement in such manner as he deems expedient in the interests of the State but so that the Company shall not be in a less favourable position than if it held leases for the purpose of mining for coal on the leased area in accordance with the provisions of the Act.

Variation of Agreement by Minister in certain event. Sch. 1 If on or after the expiration of the first nine years or (if pursuant to clause 15 hereof that period is extended) twelve years of the term of this Agreement the Company has ceased or ceases to use coal from the leased area for the generation of electric power in the power generating station referred to in clause 15 hereof the Minister at any time thereafter may by an instrument under his hand vary the provisions of this Agreement in such manner as he deems expedient in the interests of the State but so that the Company shall not be in a less favourable position than if it held leases for the purpose of mining for coal on the leased area in accordance with the provisions of the Act.

Variation of Agreement by Minister in certain event. Sch. If on or after the expiration of the first nine years or (if pursuant to clause 15 hereof that period is extended) twelve years of the term of this Agreement the Company has ceased or ceases to use coal from the leased area for the generation of electric power in the power generating station referred to in clause 15 hereof the Minister at any time thereafter may by an instrument under his hand vary the provisions of this Agreement in such manner as he deems expedient in the interests of the State but so that the Company shall not be in a less favourable position than if it held leases for the purpose of mining for coal on the leased area in accordance with the provisions of the Act.