First Additional Exploration Period definition

First Additional Exploration Period means the additional period of two (2) Contract Years after the Initial Exploration Period pursuant to sub-clause 2(3), as may be extended under this Contract;
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First Additional Exploration Period means the additional period of two (2) Contract Years after the Initial Exploration Period pursuant to sub-clause 2(3), as may be extended under this Contract; Production Sharing Contract Block L28 Ministry of Energy Page 10 "Fiscal Year" means a period of twelve (12) consecutive months corresponding to the year of income as defined in the Income Tax Act of Kenya;
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First Additional Exploration Period shall have the meaning set forth in Article 4.3.
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Examples of First Additional Exploration Period in a sentence

  • In the event that during the Initial Exploration Period, the Contractor carries out additional Work Units to those committed in accordance with Article 4.2, the Contractor may request the recognition of such Work Units for the First Additional Exploration Period.

  • Subject to this Article 4.4, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the First Additional Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “Second Additional Exploration Period”).

  • The Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the First Additional Exploration Period, the extension of this period in order to complete ongoing activities contemplated in the Exploration Plan that for reasons not attributable to the Contractor are impossible to conclude within the period referred to in this Article 4.3. The CNH will approve the extension in terms of the Applicable Laws.

  • In the event that during the First Additional Exploration Period, the Contractor carries out additional Work Units to those committed in accordance with Article 4.3, the Contractor may request the recognition of such Work Units for the Second Additional Exploration Period.

  • Notwithstanding the obligations to access to the First Additional Exploration Period, the Contractor may conduct the Work Units equivalent to one (1) Well during the First Additional Exploration Period, in the event that it has committed to perform the Work Units equivalent to two (2) Xxxxx as Minimum Program Increase.

  • The CNH may deny approval of plans if they: (i) do not comply with the Minimum Work Program or the Minimum Program Increase, or the work commitments for the First Additional Exploration Period or Second Additional Exploration Period, or (ii) do not conform to the Industry Best Practices and the Applicable Laws.

  • Subject to this Article 4.4, by written notice to CNH at least sixty (60) Days prior to the end of the First Additional Exploration Period, the Contractor may request an extension of the First Additional Exploration Period for one additional Contract Year following the termination of the First Additional Exploration Period.

  • The Contractor may request such extension only if it: (i) has fully complied with the Minimum Work Program during the Initial Exploration Period, and (ii) agrees to drill one additional Well in the Contract Area during the First Additional Exploration Period with the same characteristics as those provided for the Minimum Work Program.

  • During the Initial Exploration Period, First Additional Exploration Period or Second Additional Exploration Period, as the case may be, the Contractor may submit to CNH for approval a Work Program and Budget for Appraisal activities related to the relevant Discovery, in which case the provisions of Article 5.2 shall apply.

  • The Contractor may request such extension only if it: (i) has fully complied with the Work Units required for the Initial Exploration Period in accordance with Article 4.2 and (ii) agrees to perform additional Work Units, equivalent to one (1) exploratory Well during the First Additional Exploration Period in accordance with Annex 5.


More Definitions of First Additional Exploration Period

First Additional Exploration Period has the meaning given to it in clause 3.3.1.2
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First Additional Exploration Period means the period of one Contract Year beginning upon termination of the Initial Exploration Period, which CNH may grant the Contractor to continue conducting Surface Reconnaissance and Exploration, Exploration and Appraisal activities in the Contract Area in accordance with Article 4.3.
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First Additional Exploration Period means the additional period of two (2) Contract Years after the Initial Exploration Period pursuant to sub­clause 2(3), as may be extended under this Contract;
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Related to First Additional Exploration Period

  • 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.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Qualified Project Period means Qualified Project Period as defined in Section 142(d) of the Internal Revenue Code.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Post-Acquisition Period means, with respect to any Permitted Acquisition, the period beginning on the date such Permitted Acquisition is consummated and ending on the last day of the sixth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition is consummated.

  • Operation Period means the period commencing from COD and ending on the Transfer Date;

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • 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;

  • Annual Operating Expenses for the Class means and will consist only of the following operating expenses of the Series for the Class that are, under generally accepted accounting principles, accruable and deductible from the Series’ assets with respect to the Class for the period involved: (i) investment advisory fees, if any; (ii) Rule 12b-1 distribution fees, if any; and (iii) custodian fees, shareholder servicing fees, administrative and office facilities expenses, professional fees, trustees' fees and any other operating expenses of the Series with respect to the Class that are recorded or includable in the Series' statement of operations in accordance with generally accepted accounting principles. Notwithstanding the provisions of the immediately preceding sentence, the Series' “Annual Operating Expenses” for the Class do not include “acquired fund expenses”, interest and dividends on securities sold short, amortization of organization expenses, taxes, brokerage commissions, litigation and indemnification expenses or any costs or expenses of or for the Series with respect to the Class that are "extraordinary" as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). Very truly yours, ROYCE & ASSOCIATES, LLC By: /s/ Jxxx X. Xxxxxxxxx Jxxx X. Xxxxxxxxx Chief Operating Officer ACCEPTED: THE ROYCE FUND By: /s/ Jxxx X. Xxxxxxxxx Jxxx X. Xxxxxxxxx Vice President [Royce & Associates, LLC Letterhead] December 31, 2012 The Royce Fund 700 Xxxxx Xxxxxx New York, NY 10151 Re: Fee Waiver and Expense Reimbursement - Royce Discovery Fund (Service Class) Gentlemen: Reference is made to the Investment Advisory Agreement dated October 1, 2003 (the “Agreement”) by and between The Royce Fund (the “Fund”) on behalf of Royce Discovery Fund (the “Series”) and Royce & Associates, LLC (the “Adviser”). Notwithstanding the provisions of Section 4 (Compensation of the Adviser) of the Agreement, the Adviser hereby waives compensation for services provided by it under the Agreement for the period beginning May 1, 2013 and ending April 30, 2014 (the "Period"), and/or agrees to reimburse expenses relating to the Period to the Series with respect to the Class in an amount, if any, necessary so that the Series' “Annual Operating Expenses” for its Service Class of shares (the “Class”) are not more than 1.49% of the Class’ average net assets for the Period. The Adviser hereby also waives compensation for services provided by it under the Agreement to the Series with respect to the Class, and/or agrees to reimburse expenses to the Series with respect to the Class for each subsequent annual period through the annual period ending April 30, 2023 (but not for any annual period thereafter) in an amount, if any, necessary so that the Series' Annual Operating Expenses for the Class are not more than 1.99% of the Class’ average net assets for such annual period. The Adviser's obligations to reimburse the Series with respect to the Class hereunder will not apply for any period when the Adviser is not rendering services to such Series under the Agreement.

  • Claim Determination Period means a calendar year. However, it does not include any part of a year during which a person has no coverage under This Plan, or any part of a year before the date this COB provision or a similar provision takes effect.

  • Period of Extended Hire means any additional period that the Hirer wishes the Agency Worker to be supplied for beyond the duration of the original Assignment or series of assignments as an alternative to paying a Transfer Fee;

  • asset renewal expenditure means expenditure on an existing asset or on replacing an existing asset that returns the service capability of the asset to its original capability

  • Evaluation Period bears the meaning ascribed thereto in Section 7.4(d)(i);