Participation area definition

Participation area means a development area in which the Government elects to participate under the Contract;

Participation area means a development area in which the Government elects to participate under the Contract; "Participation dates" means the effective date of participation by the Government as defined in sub clause 28 (3) of the Contract;

Participation area means the Exploitation Area that is the subject of the Exploitation Authorisation granted by Decree No. of , the subject of this Participation Agreement.

Examples of Participation area in a sentence

• The Parties agree to disclose to each other their technical data and interpretations of the Participation Area (unless such data and interpretation are subject to third party confidential data restrictions).

• In connection with production and development activities with respect to any Fields located in a Participation Area, InterOil or one of its Affiliates may elect to borrow funds on terms it deems in good faith to be commercially reasonable to pay the costs of such operations.

• Moreover, the Operator shall not use funds from the [name of Participation Area] Account nor its own funds for the purpose of paying the costs and expenses of the Sole-Risk Project.

• From the banks perspective, insurance companies have a mandate of assisting the government in making coherent decisions that may not hinder their operations in the long run.

• However, in the event that such secret data have been revealed by works the costs of which have been charged to [name of Participation Area] Account, such technology must be made available to any Party who can make use of it, as well as their Affiliates, in all operations.

More Definitions of Participation area

Participation area has the meaning set forth in Section 4.3.

Participation area means a Development Area in which the Government elects to participate under the Contract;

Participation area means the area within the Licence Areas in which PNGEI is entitled to the Indirect Participation Interest in accordance with this Agreement, including the full extent, regardless of the number of wxxxx, required to exploit fully all commercially recoverable Petroleum in any and all Zones drilled pursuant to any of exploration well #9 to exploration well #16 in the Phase One Exploration Program and exploration well #17 to exploration well #24 Phase Two Exploration Program in which PNGEI participates and that result in a Discovery Field;

Participation area. The term "

Participation area means T2N R1E, Sections 1, 2, 3, 4, 9, 10, 11, 12, 13, 14, 15 and 16.

Participation area means a Development and Production Area or Areas, or Licence Area in which the Government shall participate under the Licence.

Participation area means the area within the Licence Area in which Investor is entitled to the Indirect Participation Interest in accordance with this Agreement, including the full extent, regardless of the number of xxxxx required to exploit fully all commercially recoverable Petroleum, of any and all Zones drilled pursuant to the Phase One Exploration Program and, if applicable, the Phase Two Participation Area; "Participation Interest" means, with respect to a party to the JVOA, that party's undivided interest, expressed as a percentage and determined in accordance with the JVOA, in all rights,