Common use of Third Phase Clause in Contracts

Third Phase. Five Hundred and Ninety Five 24/100 American Dollars ($us 595.24) per hectare as an Exploration Initial Rate on the mining concessions' extensions, that at the start of the Third Phase decides to explore within TWELVE ( 12)

Third Phase. Five Hundred and Ninety Five 24/100 American Dollars ($us US 595.24) per hectare as an Initial Exploration Initial Rate Fee on the extensions of the mining concessions' extensions, that at the start of the Third Phase phase decides to explore exploit within the term of TWELVE ( (12)