Common use of FINANCIAL GUARANTEES Clause in Contracts

FINANCIAL GUARANTEES. 29.1. On the Effective Date, upon commencement of each renewal period of the Exploration Period entered into under Article 6 and upon the approval being granted for an Exploration Work Programme under Article 11 or for any Appraisal Programme pursuant to Article 14, the Contractor shall provide the Minister with irrevocable guarantees from a guarantor of financial substance acceptable to the Minister for an amount equal to:

FINANCIAL GUARANTEES. 29.128.1. On The Contractor shall provide the Minister with irrevocable guarantees on the Effective Date, upon commencement of each renewal period of the Exploration Period entered into under Article 6 and upon the approval being granted for an a Minimum Exploration Work Programme under Article 11 or for any Appraisal Programme pursuant to Article 14, the Contractor shall provide the Minister with irrevocable guarantees from a guarantor of financial substance acceptable to the Minister for an amount equal to:

FINANCIAL GUARANTEES. 29.128.1. On The Contractor shall provide the Minister with irrevocable guarantees on the Effective Date, upon commencement of each renewal period of the Exploration Period entered into under Article 6 6, and upon the approval being granted for an a Minimum Exploration Work Programme under Article 11 or for any Appraisal Programme pursuant to Article 14, the Contractor shall provide the Minister with irrevocable guarantees from a guarantor of financial substance acceptable to the Minister for an amount equal to:

FINANCIAL GUARANTEES. 29.128.1. On the Effective Date, upon commencement of each renewal period of the Exploration Period entered into under Article 6 and upon the approval being granted for an a Minimum Exploration Work Programme under Article 11 or for any Appraisal Programme pursuant to Article 14, the Contractor shall provide the Minister with irrevocable guarantees from a guarantor of financial substance acceptable to the Minister for an amount equal to: