Common use of Mandatory Relinquishments Clause in Contracts

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.