Exploitation Contract definition
Examples of Exploitation Contract in a sentence
Its final value will result from applying the unit prices agreed in Clause Five herein by the volume delivered in accordance with production and the share interest of THE SELLER in the Alcaraván Association Contract or the Rio Verde Exploration and Exploitation Contract.
The area of interest covered by this Talora Commercial Agreement is the area covered by the Talora Exploration and Exploitation Contract entered into by and between ▇▇▇ and ARGOSY dated September 16, 2004 and located in the Tolima and Cundinamarca Provinces of the middle ▇▇▇▇▇▇▇▇▇ River valley.
Designation: President ● Pilot mining test & system requirements: Allseas and DeepGreen shall review the ISA requirements for what constitutes a “pilot mining test” for the purposes of applying for the ISA Exploitation Contract and agree on the functional, environmental, operational and timeline requirements for a pilot mining system.
Respectfully, The Bank _________________________________ ACCOUNTING APPENDIX ACCOUNTING AND FINANCIAL PROCEDURES This Appendix shall be attached and shall be part of the Exploration and Exploitation Contract.
In the event that DeepGreen or its applicable Affiliate is unable to secure an Exploitation Contract with the ISA within five (5) years of the Successful Completion, then this Section 4 shall expire, and all termination rights of Allseas shall be restored.
NORI will comply with NORI’s ISA Obligations pertaining to completion or relinquishment of the Exploration or Exploitation Contract, including safe removal of Installations from the ISA Contract Area.
The negotiation of each yearly payment instalment schedule will be guided by the overall intention of providing the Republic with reasonable payments that are no greater than the amounts that the Republic would have reasonably received from NORI pursuant to the Act and this Agreement at an equivalent stage of Exploitation activities, taking into account the differing operating context, if NORI had been able to proceed with such activities pursuant to an Exploitation Contract with the ISA.
Notwithstanding anything to the contrary in the Agreement or the SAA or otherwise, effective as of the Closing of the Transactions pursuant to the BCA, Allseas may not terminate the Agreement or the SAA before DeepGreen or its applicable Affiliate receives its required Exploitation Contract with the ISA except pursuant to clause 17.1(b) of the Agreement.
Neither the SAA nor the Agreement (except as permitted in clause 17.1(b)), may be terminated by Allseas for any reason before DeepGreen or its applicable Affiliate receives its required Exploitation Contract with the ISA, and Allseas may not separate from or exit its arrangements with DeepGreen as described in such documents until such time (except for termination of the Agreement as permitted in clause 17.1(b)) without DeepGreen’s prior written consent to be granted or withheld in its sole discretion.