Exploration Permits definition
Examples of Exploration Permits in a sentence
In addition the period of validity of the Exploration Permits and/or Exploitation Concession(s) shall be extended by a period equal to the period of an event of Force Majeure.
The purpose of this Agreement (of which the Appendices form part) is to specify the rights and obligations of the Parties resulting from the Exploration Permits and any Exploitation Concession which might derive there from.
Any Party wishing to abandon voluntarily all or part of the Exploration Permit(s) or Exploitation Concession(s) (hereinafter called the "Abandoned Rights") shall notify the other Parties in writing specifying the area to be abandoned and the reasons therefore.
If any Party shall receive and is willing to accept a bona fide offer for the acquisition of all or a portion of its interest in this Contract, the Petroleum Agreement, the Exploration Permit(s) and Exploitation Concession(s), the said Party hereinafter called "Ceding Party" shall notify thereof in writing to the other Parties.
Assignor shall timely file with the Arizona State Land Department and any other applicable state agencies all reports and other information required by the State Exploration Permits or State Leases or by applicable law.