Common use of Withdrawal of Blocks Clause in Contracts

Withdrawal of Blocks. BOEM reserves the right to withdraw all or portions of the Lease Areas prior to executing the leases with the winning bidders.

Withdrawal of Blocks. BOEM reserves the right to withdraw all or portions of the Lease Areas each lease area prior to executing the leases with the winning bidders. If BOEM exercises this right, it will refund bid deposits to winning bidders, without interest, as provided in 30 CFR 585.224(f).

Withdrawal of Blocks. BOEM reserves the right to withdraw all or portions of the Lease Areas prior to executing the leases with the winning bidders. If BOEM exercises this right, it will refund appropriate amounts of the bid deposits to winning bidders, without interest, as provided in 30 CFR 585.224(f).