Eleventh year Clause Samples

Eleventh year. Performance of a research drill if, pursuant to no. 1. f) of Annex IV to the concession contract, the site chosen is located at this concession area, with an estimated investment of US$ 15,000,000.00 (fifteen million dollars of the United States of America). Twelfth year: · Geology and geophysics’ studies. · Reinterpretation based on the new data obtained with the research drill performed in the previous year. · Preparation of a research drill Thirteenth year: Performance of a research drill with an estimated investment of US$ 15,000,000.00 (fifteen million dollars of the United States of America), pursuant to what is provided for in no. 1, item g) of ▇▇▇▇▇ ▇▇ to this Concession Contract. First year of extension: · Geology and geophysics’ studies. · Reinterpretation based on the new data obtained with the research drill performed in the previous year. · Preparation of a research drill Second year of extension: Performance of a research drill with an estimated investment of US$ 15,000,000.00 (fifteen million dollars of the United States of America), pursuant to what is provided for in no. 1, item g) of ▇▇▇▇▇ ▇▇ to this Concession Contract.”
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Eleventh year. Performance of a research drill if, pursuant to no. 1. f) of Annex IV to the concession contract, the site chosen is located at this concession area, with an estimated investment of US$ 15,000,000.00 (fifteen million dollars of the United States of America). Twelfth year: · Geology and geophysics’ studies. · Reinterpretation based on the new data obtained with the research drill performed in the previous year. · Preparation of a research drill First year of extension: · Geology and geophysics’ studies. · Reinterpretation based on the new data obtained with the research drill performed in the previous year. · Preparation of a research drill
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Related to Eleventh year

  • ELEVENTH Nothing herein contained shall require the Company to take any action contrary to any provision of its Agreement and Declaration of Trust, or to any applicable statute or regulation.

  • Lease Year Lease Year" means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.

  • Month-to-Month Lease The Tenant shall be allowed to occupy the Premises on a month-to-month arrangement starting on , 20 and ending upon notice of days from either Party to the other Party (“Lease Term”).

  • THIRTEENTH This Agreement may be terminated with respect to the Shares of any Portfolio at any time, without the payment of any penalty, by vote of the Board of Trustees or Board of Directors of the Fund or by vote of a majority of the outstanding Shares of such class of such Portfolio, or by the Distributor, on sixty (60) days' written notice to the other party; and

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.