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

  • Such guarantees shall be provided not later than thirty (30) days after the execution of this Agreement, in respect of the minimum work obligations of the Initial Exploration Phase, or thirty (30) days after the start of the Optional Exploration Phase of the Exploration Period, in respect of the minimum work obligations of said Phase.

  • The Agreement shall be terminated if no Commercial Discovery has been made in the Contract Area by the end of the Initial Exploration Phase or the Optional Exploration Phase, should that be the case.

  • 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.

  • These specialists are expected to invest time and resources in training the new member to sustain the team’s representation, especially in terms of tacit, taken-for-granted situational proprieties.

  • MINERAL PROPERTY INTERESTS, continued ECUADOR, continueda) Mineral concessions and obligations, continued Initial Exploration Phase.

  • In respect to the Initial Exploration Phase, the financial guarantee shall be increased by U.S. dollars (U.S.$ ) for the mandatory seismic program provided for in Article 15.

  • During the Initial Exploration Phase Contractor Group shall perform a seismic program covering .

  • In the Initial Exploration Phase, the above referred financial guarantee shall be reduced by the amount of U.S. dollars (U.S.$ ) when the mandatory seismic program has been concluded, or of each amount paid under Article 15.6.

  • Subject to paragraph 7 of this Article, in the Initial Exploration Phase the total amount of the financial guarantees shall be reduced by the amount of fifteen million U.S. dollars (U.S.$15,000,000) when the mandatory seismic program has been concluded.

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.

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

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

  • 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.

  • 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.

  • 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.

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

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

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

  • 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.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

  • 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.

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

  • Phase 2 means the phase of the ATP comprised of: (1) improvements to the State Street Substation to receive Rebuilt Line 972; (2) the rebuilding of NYSEG’s existing Line 972 not performed in Phase 1; (3) construction of Relocated Line 15; (4) the construction of Bused Line 5; (5) improvements to the Elbridge Substation to receive Relocated Line 15; and (6) improvements to the Elbridge Substation to receive Bused Line 5.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • 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.

  • 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.

  • Phase III means human clinical trials, the principal purpose of which is to establish substantial evidence of both safety and efficacy in patients with the disease or condition being studied, as more fully defined in 21 C.F.R. §312.21(c) or similar clinical study in a country other than the United States. Phase III shall also include any other human clinical trial intended to serve as a pivotal trial to support the submission of an application for regulatory approval.

  • 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;

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

  • Resolution Extension Period As defined in Section 2.03(b).

  • Generation Interconnection Feasibility Study means a study conducted by the Transmission Provider (in coordination with the affected Transmission Owner(s)) in accordance with Tariff, Part IV, section 36.

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

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