Initial Work Program definition

Initial Work Program program of activities defined by ANP in the tender protocol and in accordance with ▇▇▇▇▇ ▇▇, to be carried out by the Concessionaire during the Rehabilitation Phase.
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Initial Work Program shall have the meaning set forth in Section 7.05.
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Initial Work Program activity schedule defined by ANP in the Tender Protocol and pursuant to Annex II, to be met by the Concessionaire during the course of the Rehabilitation Phase.
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Examples of Initial Work Program in a sentence

  • If verified failure to comply with the Initial Work Program, ANP shall summon the Concessionaire to pay the amount corresponding to the non-executed portion, as compensatory penalty, within thirty (30) days, without any discount for voluntary payment.

  • The Concessionaire shall perform in full the obligations related to the Initial Work Program during the Rehabilitation Phase, within the terms and conditions described in Annex II.

  • Relinquishment shall not exempt the Concessionaire from the obligation to comply with the Initial Work Program.

  • The Agreement shall be automatically suspended if ANP does not resolve, before the end of the Rehabilitation Phase, upon the request for suspension or extension of the Rehabilitation Phase or for changes in the Initial Work Program.

  • The end shall not release the Concessionaire from compensation for any failure to comply with the Initial Work Program.

  • Receipt of the amount corresponding to the compensatory penalty for failure to implement the Initial Work Program: does not exempt the Concessionaire from performing the other obligations arising from the Agreement; does not affect ANP’s right to seek other remedies and impose any applicable sanctions for acts other than the mere failure to implement the Initial Work Program; and does not allow the Concessionaire to advance to the Production Phase.

  • The Concessionaire may provide ANP with the following types of financial guarantee of the compensatory penalty for default of the Initial Work Program: letter of credit; performance bond; Oil and Gas pledge agreement; and escrow deposit.

  • The activities to be developed by the Concessionaire for purposes of development of the Initial Work Program (PTI) are indicated in the table below.

  • For purposes of compliance with the Initial Work Program, only data which acquisition, processing, reprocessing, and form have met all requirements defined in the regulatory rules and technical standards established by ANP shall be accepted thereby.

  • As of the date hereof, the authorized capital stock of the Company consists of 200,000,000 shares of Common Stock of which as of the date hereof, 78,807,012 are issued and outstanding, and 6,107,000 shares are reserved for issuance pursuant to securities (other than the aforementioned options, the Notes and the Warrants) exercisable or exchangeable for, or convertible into, shares of Common Stock.


More Definitions of Initial Work Program

Initial Work Program has the meaning given to such term in Section 3.6(d);
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Initial Work Program activity schedule defined by ANP in the Tender Protocol and pursuant to Annex II, to be met by the Concessionaire during the course of the Rehabilitation Phase. Rehabilitation: activities and investments necessary to restore the operating conditions of an area, aiming at its Production. Safety Instruction: administrative act that acknowledges any conduct as irregular or presents an administrative understanding on the enforcement of the regulatory standard, determining, in a comprehensive manner, that the Operator shall refrain from performing it or shall observe it, under penalty of imposition of the penalties provided for in the Applicable Laws and Regulations. Reentry: activities developed in ▇▇▇▇▇ in order to restore its operating conditions for Production or injection. Quarterly Expense Report: document to be submitted by the Concessionaire to ANP detailing the amounts disbursed in Rehabilitation, Development, and Production Operations.
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Initial Work Program means the work plan submitted by SOUTHERN in its bid that is an integral part of this document as Annex 2.
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Related to Initial Work Program

  • Work Program means a program of work reasonably acceptable to both parties in respect of a particular Property, contained in a written document setting out in reasonable detail; (i) An outline of the Mining Operations proposed to be undertaken and conducted on the Property, specifically stating the period of time during which the work contemplated by the proposed program is to be done and performed; (ii) The estimated cost of such Mining Operations including a proposed budget providing for estimated monthly cash requirements in advance and giving reasonable details; and (iii) The identity and credentials of the person or persons undertaking the Mining Operations so proposed if not the Optionor, reasonably acceptable to both parties hereto.

  • Annual Work Plan means each annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.B.3 of Schedule 2 to this Agreement.

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.