Initial Exploration Phase definition

Initial Exploration Phase means the period of five (5) Contract Years commencing on the Effective Date of the Agreement, as defined in Article 6.
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Initial Exploration Phase means the Exploration Period determined under Article 3.2 of this Contract.
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Initial Exploration Phase. WORK EXPENDITURES:
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Examples of Initial Exploration Phase in a sentence

  • One (1) successive extension of three (3) Contract Years (the Optional Exploration Phase) may follow the Initial Exploration Phase, provided that Contractor notifies Sonangol in writing of such extension, at least thirty (30) days before the end of the Initial Exploration Phase, and if, unless otherwise agreed by Sonangol, Contractor has fulfilled its obligations in respect of such Phase.

  • Pursuant to the Concession Decree-Law, an Initial Exploration Phase of five (5) Contract Years shall start from the Effective Date.

Related to Initial Exploration Phase

  • 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 Phase means that Phase of the Project which shall commence after the Authority provides the Trade Contractor with written Notice to Proceed with the Construction Phase.

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

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

  • Development Project means a project for the development of land within a project area.

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

  • Project area budget means a multiyear projection of annual or cumulative