Minimum Work Obligations means those work and/or expenditure obligations specified in the Contract that must be performed in order to satisfy the obligations of the Contract.
Minimum Work Obligations has the meaning ascribed to it in Clause 7.2;
Minimum Work Obligations means those work and/or expenditure obligations specified in the Licenses or Petroleum Law which must be performed during the then current License phase or period in order to satisfy the obligations of the License or Petroleum Law, including the drilling of a well.
Examples of Minimum Work Obligations in a sentence
Second its refusal to proceed to satisfy the Minimum Work Obligations was likewise bad faith.
Tullow knows that it must satisfy the Minimum Work Obligations; Tullow representatives have told Dana that the work program and budget were adopted and in effect.
Consistent with the JOA, Tullow presented a work program and budget to meet the Minimum Work Obligations and that work program and budget was approved by SCS and Tullow on August 27, 2015.
The JOA gives it no other option and, in fact, expressly establishes the remedies at Tullow’s disposal in this situation—none of which involve refusing to complete the Minimum Work Obligations.
Here the Minimum Work Obligations include the drilling of a well before September 2016.
More Definitions of Minimum Work Obligations
Minimum Work Obligations means those work obligations set forth in Sub-articles 5.2.1, 5.2.2 and 5.2.3 for each respective phase of the Exploration Period.
Minimum Work Obligations means the minimum program of Petroleum Operations and corresponding expenditures, such as specified in the Contract.
Minimum Work Obligations means those work and/or expenditure obligations specified in Article 4 of the DWT Contract and Article 4 of the WCTP Contract.
Minimum Work Obligations means the work obligations specified for each Exploration Phase as defined in Article 5.2 of the Agreement. „Minimalne radne obveze” znači radne obveze specificirane za svaku Istražnu fazu, a xxxx xx definirano u članku 5.2 Ugovora.
Minimum Work Obligations means those work and/or expenditure obligations specified in the Licence that must be performed in order to satisfy the obligations of the Licence.
Minimum Work Obligations shall have the meaning ascribed to it in the Farmout Agreement;
Minimum Work Obligations means the work and/or expenditure obligations during the Exploration Period, as specified in the Concession, which must be performed or expended in order to satisfy the obligations contained in the Concession.