Exploration Term definition

Exploration Term has the meaning foreseen in the paragraph 5.1.
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Exploration Term means the Initial Exploration Term and the Additional Exploration Term (if any).
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Exploration Term means the Initial Exploration Term and the Additional Exploration Term (if any). “Exploration Works” means any all activities, excluding development and mining and processing/beneficiation, undertaken to locate, investigate, define or delineate a mineral prospect or mineral deposit located on or in the Ma’aden Land or any Additional Land Areas including ground and airborne geophysical and radiometric work, geochemical surveys, drilling, bulldozing, trenching, evaluation of work done and other work commonly regarded as reconnaissance or exploration work in accordance with Good Mining Practice including evaluation studies; “Fair Market Value” has the meaning given to it in Schedule 3 (Valuation);
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Examples of Exploration Term in a sentence

  • Chairs should work closely with newly hired faculty members on the preparation of Exploration term project proposals, ensuring that proposals are submitted to the Office of Exploration Term and Contract Learning as early as possible.

  • The Second Exploration Term, if applicable, shall begin at the completion of the First Exploration Term.

  • At the end of the First Term, the Concessionaire shall choose to relinquish the entire area or to undertake to drill an exploration well and proceed to the Second Exploration Term.

  • All time periods specified in this Agreement for the performance of obligations or the enjoyment of rights that are affected by force majeure, except in connection with an obligation to make payments of money, but including the Exploration Term or the Mining Term, as the case may be, shall be extended until the effect of such force majeure is remedied as above provided or otherwise ceases.

  • At the end of the First Exploration Term, the Concessionaire shall choose by the total relinquishment of the block or undertake to drill one exploration well.

  • During the Exploration Term, Lessee commits to total expenditures of at least $5 million for exploration (“Exploration Expenditures”), at the rate of $1 million per year on a cumulative basis, and also commits to publishing a 43-101 compliant technical report no later than the fifth anniversary of the Effective Date.

  • Draft Criterion 7: The area’s projected need (or needs) is not unduly contingent on uncertainties associated with analytic assumptions, e.g., assumptions about future prices for generation fuels, demand growth in load centers, the location of new generation facilities, or the cost of new generation technologies.

  • This extension shall be only for the area covered by the Evaluation Plan, and the remaining area must be entirely relinquished.Each Exploration Term requires the Concessionaire´s commitment with an Exploratory Program, being the Minimum Exploratory Program offered by the Concessionaire during the bidding of those block(s) and expressed in Work Units (WU) must be performed in the first term of the Exploration Phase.The Concessionaire may perform additional works, besides the Minimum Exploratory Program.

  • During the Exploration Term, Golden Queen shall keep at all times any shafts, drifts, tunnels, and other passages and workings on the Area of Interest in as good condition as when first received.

  • Based on the technical justification evaluation sent by the Concessionaire, the ANP may accept, at its sole discretion, that adjacent block(s) to the block where the well shall be drilled, also surpass to the Second Exploration Term, without the commitment of drilling a well in this (these) block(s).


More Definitions of Exploration Term

Exploration Term means the term of an Exploration License issued pursuant to this Agreement, including as modified or extended from time to time.
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Related to Exploration Term

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Collaboration Term has the meaning set forth in Section 2.1(h).

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • Development Area means that area to which a development plan is applicable.

  • Development Term means the period commencing on the Closing Date and ending on the earlier of (a) the Option Closing Date or (b) the date the Option terminates or expires other than by exercise.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Project Term the period from the Operation Commencement Date to the Expiry Date or the Termination Date, whichever occurs first, which is further described in Clause 3;

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Redevelopment Project Area means an area designated by the municipality, which is not less in the aggregate than 1 1/2 acres and in respect to which the municipality has made a finding that there exist conditions which cause the area to be classified as an industrial park conservation area or a blighted area or a conservation area, or a combination of both blighted areas and conservation areas.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Development Phase means the period before a vehicle type is type approved.

  • Project Area means land or lands located within the incentive

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Research Term has the meaning set forth in Section 3.2.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.

  • Research Period means the research period as described in the Commissioned Research Plan. In accordance with the provisions of this Agreement, in the event that the Agreement ended prior to the completion date of the research originally set, the date the Agreement ends shall be read as the research period.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Development Operations means operations conducted in accordance with the Development Plan and shall include, but not be limited to the purchase, shipment or storage of equipment and materials used in developing Petroleum accumulations, the drilling, completion and testing of Development Xxxxx, the drilling and completion of Xxxxx for Gas or water injection, the laying of gathering lines, the installation of offshore platforms and installations, the installation of separators, tankages, pumps, artificial lift and other producing and injection facilities required to produce, process and transport Petroleum into main Oil storage or Gas processing facilities, either onshore or offshore, including the laying of pipelines within or outside the Contract Area, storage at Delivery Point(s), the installation of said storage or Gas processing facilities, the installation of export and loading facilities and other facilities required for the development and production of the said Petroleum accumulations and for the delivery of Crude Oil and/or Gas at the Delivery Point and also including incidental operations not specifically referred to herein but required for the most efficient and economic development and production of the said Petroleum accumulations in accordance with modern oilfield and petroleum industry practices.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.