ASC BOLIVIA Sample Clauses

ASC BOLIVIA. LDC, during the First Phase, can anticipate the conclusion of the twenty four (24) months term, under the express condition that the execution of the pledged Work Program has been finished for this Phase and, as a consequence, can enter into the other exploration phases or exercise immediately its option right to enter into the Exploitation Phase in the areas its studies would have determined as positives. In this case, the Bank Guarantee Certificate for the Compliance of Contract will be returned by COMIBOL within a term not longer than sixty (60) days after the First Exploration Phase is finished. The compliance with the Work Plan, as well as the starting of the Exploitation will be unreservedly verified by COMIBOL, which will present the detailed reports of one and the other situation, within sixty (60) days. ==========================
Sample 1
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ASC BOLIVIA. LDC Is empowered to ------------ finance on its account and risk the exploitation operations, either be with its own or from others. COMIBOL will not acquire any type of obligation related to such financing, whose service will be exclusively in charge of ASC BOLIVIA LDC.============================================
Sample 1
ASC BOLIVIA. LDC, at any time during the First Phase, but only after having complied with the Minimum Work Program and not later than the last day of the maximum term for the Phase can definitely suspend the Exploration in the areas object of this CONTRACT and withdraw from the Joint Venture Contract, in the case that the CONTRACT will be canceled of full right on the date of ASC BOLIVIA LDC'S notice to COMIBOL of its decision. Should ASC BOLIVIA LDC hadn't fulfilled with the Minimum Work Program, COMIBOL will cash the Bank Guarantee Certificate for Contract Compliance, without any right to recourse, claim nor any exception ASC BOLIVIA LDC could oppose against COMIBOL, either judicially or outside the court. The Joint Venture Contract will, thus, become null and without any legal validity.
Sample 1
ASC BOLIVIA. LDC will pay for damages, to those affected by the environmental pollution generated by the accumulations and flows coming from its mining works with an absolute exclusion of COMIBOL.
Sample 1

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