Common use of Effect of non-approval of proposals Clause in Contracts

Effect of non-approval of proposals. (6) Notwithstanding that under subclause (1) any proposals of the Company are approved by the Minister or deemed to be approved as a consequence of an arbitration award, unless each and every such proposal and matter is so approved or deemed to be approved within 12 months of the date on which the last of those proposals is submitted pursuant to subclause (1) of Clause 5 or by such extended date or period if any as the Company shall be granted or entitled to pursuant to the provisions of this Agreement, then the Minister may give to the Company 12 months’ notice of intention to determine this Agreement and, unless before the expiration of the said 12 months’ period all the detailed proposals and matters are so approved or determined, this Agreement shall determine and neither the State nor the Company shall have any claim against the other of them with respect to any matter or thing arising out of, done, performed or omitted to be done or performed under this Agreement. Implementation of proposals

Effect of non-approval of proposals. (6) Notwithstanding that under subclause (1) any proposals of the Company Joint Venturers are approved by the Minister or deemed to be approved as a consequence of an arbitration award, unless each and every such proposal and matter is so approved or deemed to be approved within 12 months of the date on which the last for submission of those proposals is submitted pursuant to subclause (1) of Clause 5 9 or by such extended date or period if any as the Company Joint Venturers shall be granted or entitled to pursuant to the provisions of this Agreement, then the Minister may give to the Company Joint Venturers 12 months’ notice of intention to determine this Agreement and, unless before the expiration of the said 12 months’ period all the detailed proposals and matters are so approved or determined, determined this Agreement shall determine and neither the State nor the Company Joint Venturers shall have any claim against the other of them with respect to any matter or thing arising out of, done, performed or omitted to be done or performed under this Agreement. Implementation of proposals

Effect of non-approval of proposals. (6) Notwithstanding that under subclause (1) this Clause any proposals of the Company Proponents are approved by the Minister or deemed to be approved as a consequence of an arbitration award, unless each and every such proposal and matter is so approved or deemed to be approved within 12 months of the date on which the last of those proposals is submitted pursuant to subclause (1) of Clause 5 or by such extended date or period if any as the Company Proponents shall be granted or entitled to pursuant to the provisions of this Agreement, then the Minister may give to the Company Proponents 12 months’ notice of intention to determine this Agreement and, unless before the expiration of the said 12 months’ period all the detailed proposals and matters are so approved or determined, determined this Agreement shall determine and neither the State nor the Company Proponents shall have any claim against the other of them with respect to any matter or thing arising out of, done, performed or omitted to be done or performed under this Agreement. Implementation of proposals

Effect of non-approval of proposals. (6) Notwithstanding that under subclause (1) any proposals of the Company are approved by the Minister or deemed to be approved as a consequence of an arbitration award, unless each and every such proposal and matter is so approved or deemed to be approved within 12 months of the date on which the last of those proposals is submitted pursuant to subclause (1) of Clause 5 or by such extended date or period if any as the Company shall be granted or entitled to pursuant to the provisions of this Agreement, then the Minister may give to the Company 12 months’ notice of intention to determine this Agreement and, unless before the expiration of the said 12 months’ period all the detailed proposals and matters are so approved or determined, this Agreement shall determine and neither the State nor the Company shall have any claim against the other of them with respect to any matter or thing arising out of, done, performed or omitted to be done or performed under this Agreement. Implementation of proposalsNo. 4] Sch. 1 Iron Ore Beneficiation (BHP) Agreement Xxx 0000