Common use of Extension of the Term Clause in Contracts

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to Article 5.

Appears in 4 contracts

Samples: Overriding Royalty Agreement (Bontan Corp Inc), Overriding Royalty Agreement (Bontan Corp Inc), Joint Operating Agreement (Geoglobal Resources Inc.)

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Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to Article 5.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Hyperdynamics Corp), Operating Agreement (Hyperdynamics Corp), Operating Agreement (Geoglobal Resources Inc.)

Extension of the Term. (Aa) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee Operations Management Board pursuant to Article Clause 5.

Appears in 3 contracts

Samples: www.sec.gov, resourcecontracts-nrgi.s3-us-west-2.amazonaws.com, Agreement (Kosmos Energy Ltd.)

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to Article 5.V.

Appears in 3 contracts

Samples: Joint Operating Agreement, Operating Agreement (Kosmos Energy Ltd.), Joint Operating Agreement

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Production Period or any phase of the ContractLease Agreement, or a proposal to extend the term of the ContractLease Agreement, shall be brought before the Operating Committee Parties pursuant to Article 5IV.

Appears in 3 contracts

Samples: Operating Agreement (Guskin Gold Corp.), Operating Agreement (Guskin Gold Corp.), Operating Agreement (Guskin Gold Corp.)

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any the Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to enter into a new phase of the Exploration Period, and a proposal to extend the term of the Contract, Contract shall be brought before the Operating Committee pursuant to Article 5.V.

Appears in 2 contracts

Samples: Agreement (Abacan Resource Corp), Operating Agreement (Seven Seas Petroleum Inc)

Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Production Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to Article 5.V.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement (Kosmos Energy Ltd.)

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Extension of the Term. (A) A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the ContractLicence, or a proposal to extend the term of the ContractLicence, shall be brought before the Operating Committee pursuant to Article 5.

Appears in 2 contracts

Samples: Joint Operating Agreement, Joint Operating Agreement

Extension of the Term. (A) 11.2.A A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Production Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to under Article 5.

Appears in 1 contract

Samples: Joint Operating Agreement (CAMAC Energy Inc.)

Extension of the Term. (A) 11.2.A A proposal by any Party to enter into or extend the term of any Exploration Period or Exploitation Period or any phase of the Contract, or a proposal to extend the term of the Contract, shall be brought before the Operating Committee pursuant to under Article 5.

Appears in 1 contract

Samples: August (Duma Energy Corp)

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