Common use of Initial Exploration Period Clause in Contracts

Initial Exploration Period. The Initial Exploration Period shall have duration of up to four (4) Years from the Exploration Plan approval. The Contractor shall be required to complete, at least, the corresponding Exploration activities of the Minimum Work Program as established in Annex 5 hereto. The Contractor may request, by written notice to the CNH with at least sixty

Initial Exploration Period. The Initial Exploration Period shall have duration of up to four (4) Years from the Exploration Plan approvalEffective Date. The Contractor shall be required to complete, at least, the corresponding Exploration activities of the Minimum Work Program as established in Annex 5 heretoand the Minimum Program Increase during the Initial Exploration Period. The At the end of the Initial Exploration Period the Contractor may request, shall have the right to relinquish this Contract by written notice to the CNH with at least sixtyin terms of Article 3.4.

Initial Exploration Period. The Initial Exploration Period shall have duration of up to four (4) Years from the Exploration Plan approval. The Contractor shall be required to complete, at least, the corresponding Exploration exploration activities of the Minimum Work Program as established in Annex 5 hereto. The Contractor may request, by written notice to the CNH with at least sixty