Common use of EXPLORATION PROGRAMS Clause in Contracts

EXPLORATION PROGRAMS. The JVC's geologists and/or engineers shall carry out Board approved Exploration Programs in compliance with the Operating Schedules. Where Exploration Programs are carried on without third party participation, the JVC's engineers and or geologists shall act under the leadership of the General Manager and Deputy General Manager. Where Exploration Programs are carried on with third party participation, the JVC's engineers and/or geologist, General Manager and Deputy General Manager shall act in cooperation with or under the supervision of the third party's engineers and geologists in accordance with the Exploration Programs and Operating Schedules approved by the Board of Directors.

Appears in 4 contracts

Samples: Cooperative Joint Venture Agreement (Integrated Carbonics Corp), Cooperative Joint Venture Agreement (Integrated Carbonics Corp), Agreement (Integrated Carbonics Corp)

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