Mandatory Relinquishments Sample Clauses

Mandatory Relinquishments. 2.4.1 The Contractor must relinquish to the State forty percent (40%) of the initial surface area of the Contract Area by the end of the Initial Exploration Period, twenty-five percent (25%) of the remaining area by the end of the First Extension Period, and the remainder of the Contract Area by the end of the Second Extension Period, or at the end of the Initial Exploration Period or the First Extension Period, if no further extension is requested by the Contractor. To determine the area or areas which the Contractor shall relinquish, the following areas shall be excluded for the purposes of such calculation: (a) areas designated as an Appraisal Area; (b) Development and Production Areas; (c) areas for which the approval of a Development and Production Plan is pending, until finally decided; (d) the area of any Field, including any Field which may be subject to unitization pursuant to Article 22; and (e) any area reserved for a possible Unassociated Natural Gas Appraisal in relation to which the Contractor is engaged in discussions with the Ministry in accordance with Article 13.1. 2.4.2 Upon expiry of the applicable final extension period indicated in Article 2.2, and subject to the provisions of Article 2.2.4, the Contractor shall relinquish the remainder of the Contract Area, with the exception of: (a) Development and Production Areas; (b) those areas for which an application for a Development and Production Area is pending, until finally decided; (c) the area of any Field, including any Field which may be subject to unitization pursuant to Article 22; and (d) any area reserved for a possible Unassociated Natural Gas Appraisal in relation to which the Contractor is engaged in discussions with the Ministry in accordance with Article 13.
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Mandatory Relinquishments. 5.1.1 At the end of the First Exploration Period, including any extensions thereof the CONTRACTOR enters into, the CONTRACTOR shall relinquish a total of [REDACTED - SENSITIVE BUSINESS INFORMATION] percent of the original Agreement Area, provided that if the CONTRACTOR does not elect to enter into the Second Exploration Period or any extension set forth in Article 3 then the CONTRACTOR shall relinquish [REDACTED - SENSITIVE BUSINESS INFORMATION] not then converted to a Development Area or (Areas) or for approval for conversion to a Development Area is not then pending. 5.1.2 At the end of the Second Exploration Period, including any extension thereof, the CONTRACTOR shall relinquish [REDACTED - SENSITIVE BUSINESS INFORMATION].
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Mandatory Relinquishments. The Contractor: a) may relinquish within thirty (30) days after the expiration of the first phase of the Exploration Period, a total of twenty five (25) to fifty (50) percent of the original Contract Area; b) may relinquish within thirty (30) days after the expiration of the second phase of the Exploration Period, a total of twenty (20) to thirty (30) percent of the original Contract Area; and c) may relinquish at or prior to the expiration of the Exploration Period, all remaining portions of the original Contract Area, except Appraisal Areas and Developments Areas. d) is obliged to restore the surface, clean the polluted area, water, remove all machinery and equipment of any part of the original Contract Area into its original form prior to relinquishment.
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Mandatory Relinquishments. At the end of the first (1 st) calendar year after the effective date hereof, CRESSET shall relinquish to the Government a total of twenty five percent (25%) of exploration areas not then converted to an exploitation lease or leases. At the end of the 2nd calendar year after the effective date hereof, CRESSET shall relinquish an additional twenty five percent (25%) of the remaining areas not then converted to an Exploitation lease or leases. At the end of the total Exploration periods, CRESSET shall relinquish the remainder of the original areas not converted to an Exploitation lease or leases.
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Mandatory Relinquishments. 5.1.1 On or before [REDACTED - TERMS CONSTITUTE SENSITIVE BUSINESS INFORMATION], the CONTRACTOR shall relinquish [REDACTED - TERMS CONSTITUTE SENSITIVE BUSINESS INFORMATION] of the original Agreement Area. 5.1.2 On or before [REDACTED - TERMS CONSTITUTE SENSITIVE BUSINESS INFORMATION], the CONTRACTOR shall relinquish [REDACTED - TERMS CONSTITUTE SENSITIVE BUSINESS INFORMATION] of the original Agreement Area. 5.1.3 If the CONTRACTOR does not elect to enter into the Second Exploration Period or any extension set forth in Article 3, then the CONTRACTOR shall relinquish [REDACTED -
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Related to Mandatory Relinquishments

  • Terms Herein Controlling Provisions It is expressly agreed that the terms of each and every provision in this attachment shall prevail and control over the terms of any other conflicting provision in any other document relating to and a part of the contract in which this attachment is incorporated. Any terms that conflict or could be interpreted to conflict with this attachment are nullified.

  • Controlling Provisions In the event of any inconsistencies between the provisions of this Amendment and the provisions of any other Loan Document, the provisions of this Amendment shall govern and prevail. Except as expressly modified by this Amendment, the Loan Documents shall not be modified and shall remain in full force and effect.

  • Breach of Terms and Conditions In case of breach of any terms and conditions as mentioned above, the Competent Authority, will have the right to cancel the work order/ job without assigning any reason thereof and nothing will be payable by AIIMS, Jodhpur in that event the security deposit shall also stands forfeited.

  • Waiver of Terms and Conditions Failure to enforce any of the terms or conditions of this Agreement shall not constitute a waiver of any such terms or conditions, or of any other terms or conditions.

  • CLOSING PROVISIONS (a) Subscriber agrees to be identified as a customer of JetBrains and agrees that JetBrains may refer to Subscriber by name, trade name and trademark, if applicable, and may briefly describe Subscriber’s business in JetBrains marketing materials, on JetBrains Site, and in public or legal documents. Subscriber hereby grants JetBrains a worldwide, non- exclusive, royalty-free license to use Subscriber’s name and any of Subscriber’s trade names and trademarks solely pursuant to this marketing section. (b) This Agreement is governed by the laws of the Czech Republic. All disputes arising from the present Agreement and/or in connection with it shall be finally brought to and decided by any relevant competent common court in the Czech Republic. The parties agree that the United Nations Convention on Contracts for the International Sale of Goods does not apply to this Agreement. (c) JetBrains may modify this Agreement at any time by posting a revised version of the Agreement on JetBrains Site. The modified terms will become effective upon posting of a revised version of the Agreement on JetBrains Site. By continuing to use Service after the effective date of any modification to this Agreement, Subscriber agrees to be bound by the modified terms. It is Subscriber’s responsibility to check JetBrains Site regularly for modifications to this Agreement. (d) The parties are independent contractors. This Agreement does not create a partnership, franchise, joint venture, agency, or a fiduciary or employment relationship between the parties. (e) Sections 7, 8, 9, 10, 12 (c), 12(d), 14(a), 14(b), and 14(c) shall survive any termination or expiration of this Agree- ment. (f) There are no third-party beneficiaries to this Agreement. (g) If any provision of this Agreement is held by a court of competent jurisdiction to be contrary to law, the provision shall be modified by the court and interpreted so as best to accomplish the objectives of the original provision to the fullest extent permitted by law, and the remaining provisions of this Agreement shall remain in effect.