Common use of Voluntary termination of the Exploitation Period Clause in Contracts

Voluntary termination of the Exploitation Period. At any time during the Exploitation Period, the CONTRACTOR can terminate the contract regarding any Area of Exploitation, to which purpose he shall notify in writing to XXX with minimum 3 months’ notice, which shall not waive his obligation to fulfill the remaining obligations.

Appears in 2 contracts

Samples: Hydrocarbon Exploration and Production Contract, Hydrocarbon Exploration and Production Contract (Harken Energy Corp)

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Voluntary termination of the Exploitation Period. At any time moment during the Exploitation Period, THE CONTRACTOR may terminate this Contract with respect to any Exploitation Area, for which it shall submit written notice to THE AXX no less than three (3) months in advance, without prejudice to the CONTRACTOR can terminate the contract regarding any Area fulfillment of Exploitation, to which purpose he shall notify in writing to XXX with minimum 3 months’ notice, which shall not waive his obligation to fulfill the remaining obligations.

Appears in 2 contracts

Samples: Hydrocarbon Exploration and Production Contract (GeoPark LTD), Hydrocarbon Exploration and Production Contract (GeoPark Holdings LTD)

Voluntary termination of the Exploitation Period. At THE CONTRACTOR may at any time during the terminate this Contract with respect to any Exploitation PeriodArea, the CONTRACTOR can terminate the contract regarding any Area and to do so, will inform ANH of Exploitation, to which purpose he shall notify xxs decision in writing not less than 3 Months in advance without prejudice to XXX with minimum 3 months’ notice, which shall not waive his obligation to fulfill the remaining performance of its other obligations.

Appears in 1 contract

Samples: Exploration and Exploitation Contract (Harken Energy Corp)

Voluntary termination of the Exploitation Period. At any time during throughout the Exploitation Period, Period the CONTRACTOR can terminate end this contract respecting any Exploitation Area, for which it will inform it to the contract regarding any Area XXX, in writing, at least three (3) months in advance, notwithstanding the performance of Exploitation, to which purpose he shall notify in writing to XXX with minimum 3 months’ notice, which shall not waive his obligation to fulfill the remaining all other obligations.

Appears in 1 contract

Samples: Exploration and Exploitation Agreement (Gran Tierra Energy Inc.)

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Voluntary termination of the Exploitation Period. At THE CONTRACTOR shall be able to terminate this contract with respect to any Exploitation Area at any time during the Exploitation Period, the CONTRACTOR can terminate the contract regarding any Area of Exploitation, to which for such purpose he it shall notify in by writing to XXX with minimum 3 months’ noticeat least three (3) months in advance, which shall not waive his obligation to fulfill without prejudice of the compliance of remaining obligationsliabilities.

Appears in 1 contract

Samples: Hydrocarbon Exploratory and Production Contract (Harken Energy Corp)

Voluntary termination of the Exploitation Period. At THE CONTRACTOR may at any time during the terminate this Contract with respect to any Exploitation PeriodArea, the CONTRACTOR can terminate the contract regarding any Area and to do so, will inform XXX of Exploitation, to which purpose he shall notify its decision in writing not less than 3 Months in advance without prejudice to XXX with minimum 3 months’ notice, which shall not waive his obligation to fulfill the remaining performance of its other obligations.

Appears in 1 contract

Samples: Exploration and Exploitation Contract

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