Common use of Technical Meetings Clause in Contracts

Technical Meetings. As soon as practical after the execution of this Agreement, the Parties shall meet at ▇▇▇▇▇▇▇’▇ offices to discuss exploration plans and budgets for the remainder of Phase I. Thereafter, at periodic intervals, as required, but no less frequently than every 30 days, ▇▇▇▇▇▇▇ shall schedule and hold periodic technical meetings (the “Periodic Meetings”) at which meetings ▇▇▇▇▇▇▇ shall inform Providence of the exploration activities it proposes to conduct as Operator under the provisions of this Agreement during Phase I. At such Periodic Meetings, there shall be a presentation of geological, geophysical, engineering, budget, accounting and land data in sufficient detail to apprise Providence of the opportunities and costs it can expect to incur under this Agreement. At subsequent Periodic Meetings, ▇▇▇▇▇▇▇ will provide an update of the information presented at previous Periodic Meetings and will provide new information developed and acquired since the prior meeting.