Power to extend periods Clause Samples

Power to extend periods. Notwithstanding any provision of this Agreement, the Minister on advice from the Board may at the request of the Company from time to time extend or further extend any period or vary or further vary any date referred to in this Agreement or in any approved proposal for such period or to such later date as the Minister thinks fit whether or not the period to be extended has expired or the date to be varied has passed.

Power to extend periods. Notwithstanding any provision of this Agreement, the Minister may at the request of the Joint Venturers from time to time extend or further extend any period or vary or further vary any date referred to in this Agreement for such period or to such later date as the Minister thinks fit whether or not the period to be extended has expired or the date to be varied has passed.

Power to extend periods. Subclause (1) Subclause (2)

Power to extend periods. Notwithstanding any provision of this Agreement, the Minister may at the request of the Developer from time to time extend or further extend any period or vary or further vary any date referred to in this Agreement or any Approved Proposal for such period or to such later date as the Minister thinks fit whether or not the period to be extended has expired or the date to be varied has passed.

Power to extend periods. The State may at the request of the Company from time to time extend any period or date referred to in this Agreement for such period or to such later date as the State thinks fit, but there shall be no such extension with regard to any period or date referred to in clause 6 hereof unless approval therefor is also given by the Minister for Works and the Authority. Arbitration

Power to extend periods. Provides for the Minister, at the request of the Company, to extend any dates or periods referred to in the Agreement. Provides that the State may terminate the Agreement by notice to the Company if the Company: (a) commits a material default or abandons or repudiates the Agreement or its activities under it and does not remedy the matter within the period specified in the subclause; or (b) goes into liquidation (other than a voluntary liquidation for the purpose of reconstruction), unless within 3 months from the date of such liquidation the interest of the Company is assigned to an assignee approved by the Minister under clause 26 of the Agreement. Requires specified details to be given in a notice of termination under subclause (1) of clause 30. Provides that if the Company contests a notice of default given by the Company under subclause (1): (a) the matter is to be decided by arbitration; and (b) if the arbitration decision is against the Company and the arbitrator finds there was a genuine dispute, the time for complying with the decision must not be less than 90 days. Enables the State to remedy a default which is not remedied by the Company within the period specified in subclause (1) and to recover costs of so doing from the Company. Provides for termination of the Agreement by mutual consent of the parties, provided that no matter in connection with a failure by the parties to agree under subclause (5) is referable to arbitration. Provides that the effect of termination of the Agreement is that the rights of the Company cease in respect of the Agreement and all other rights of the Company or any mortgagee or chargee to, in or under Agreement Mining Tenements (other than any exploration licences then held by the Company) and any other tenure or rights granted under the Agreement. Requires payment of money due and provides that, other than as provided in the Agreement, no party has any claim against the other in respect of anything arising out of the Agreement. (2) Provides that, on termination of the Agreement, improvements to the land then occupied by the Company in Agreement Mining Tenements [other than those the Company may retain under subclause (1)] are to become the property of the State, without the payment of compensation or consideration freed of all mortgages and encumbrances Provides for the Company to notify the State of its desire to remove, after termination of the Agreement, fixed or movable plant and equipment from land held for th...