Second Additional Exploration Period definition

Second Additional Exploration Period means the second period of two (2) contract years after the First Additional Exploration Period pursuant to sub-clause 2(4), as may be extended under this Contract;
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Second Additional Exploration Period shall have the meaning set forth in Article 4.4.
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Second Additional Exploration Period means a period of one Contract Year beginning upon termination of the First Additional 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 4.4.
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Examples of Second Additional Exploration Period in a sentence

  • Compliance with the minimum percentages of national content shall be verified by the Ministry of Economy upon termination of the Initial Exploration Period, the First Additional Exploration Period, the Second Additional Exploration Period and the Appraisal Period, as it corresponds, in terms of the Methodology and the Applicable Laws.

  • 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.

  • 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.

  • The provisions of Section 7.1 shall not be deemed to diminish the Contractor’s obligations to perform the Minimum Work Program, the Work Programs for the First Additional Exploration Period or the Second Additional Exploration Period, as the case may be, or its obligations regarding Abandonment activities.

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

  • 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 First Additional Exploration Period; and (ii) agrees to perform additional Work Units, equivalent to one (1) exploratory Well during the Second Additional Exploration Period in accordance with Article 7.1 and Annex 5.

  • The contractor's obligation hereunder shall be a minimum of ………… U.S Dollars (USD ) per year during the First Additional Exploration Period and increased to a minimum of U.S Dollars (USD …..) per year during the Second Additional Exploration Period.

  • CNH shall be entitled to draw on the Second Additional Performance Guarantee to collect any unliquidated damages due to the failure to comply with any work commitment for the Second Additional Exploration Period.

  • The activities developed for determining the existence of a shared reservoir shall be accounted for compliance with the Minimum Work Program or, in such case, the additional commitments acquired for the First Additional Exploration Period or the Second Additional Exploration Period.


More Definitions of Second Additional Exploration Period

Second Additional Exploration Period means the second period of two (2) contract years after the First Additional Exploration Period pursuant to sub­clause 2(4), as may be extended under this Contract;
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Related to Second 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;

  • Second Extension Period means the period commencing on the date immediately following the First Extended Maturity Date and expiring on the Second Extended Maturity Date, as more fully set forth in Section 2.9 hereof.

  • project completion period means the period of sixty (60) months commencing from and expiring on for the construction and obtaining of Temporary Occupation Permit or Permits for the whole of the Development as provided in clause 3.3;

  • 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.

  • First Extension Period means the period of one (1) Contract Year commencing immediately after the conclusion of the Initial Exploration Period.

  • 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.