Initial Exploration Period Sample Clauses

Initial Exploration Period. As of and from the Effective Date, the Contractor is authorized to conduct Exploration Operations in the Contract Area during the Initial Exploration Period.
Initial Exploration Period. İlkin kəşfiyyat dövrü Qüvvəyəminmə tarixində başlayacaq və (i) həmin tarixdən etibarən otuz (30) ay keçdiyi tarixdən, yaxud (ii) Perspektivlik haqqında bildirişin verildiyi tarixdən (bu tarixlərdən hansının daha tez baş verməsindən asılı olaraq) bilavasitə sonrakı tarixdə bitəcək. The Initial Exploration Period shall commence on the Effective Date and shall expire on the date immediately following (i) a period of thirty (30) months from the Effective Date, or (ii) the date of the Notice of Prospectivity, whichever is earlier.
Initial Exploration Period. The Initial Exploration Period shall have duration of up to four (4) Contract Years from the Effective Date. The Contractor shall be required to complete at least the Minimum Work Program during the Initial Exploration Period. The Contractor may, carry out during the Initial Exploration Period, a fraction or all of the Petroleum Activities provided in the Minimum Program Increase, or as applicable, perform them during the Additional Exploration Period. Likewise, it may carry out additional Work Units pursuant to the terms of the Work Programs and Budgets approved by CNH. Such additional Work Units would be credited in the event that CNH grants the Additional Exploration Period as provided in Article 4.3.
Initial Exploration Period. (i) Minimum exploration work (To be specified in detail)
Initial Exploration Period. Commencing on the Effective Date and terminating at the end of the two and one half (21/2) Contract Years which is made up of the following; First Subperiod (1 year):
Initial Exploration Period. Commencing on the day on which the Exploration Licence is granted to TPDC pursuant to Article 3 and terminating on the fourth anniversary of that date: Description of Work: (To be specified in detail, however, the undertaking of 2D and 3D seismic surveys and at least one well commitment expected). Minimum Expenditure for this period: US$ [ ] million. First Extension Period Commencing on the day on which a first extension of the licence granted is issued to TPDC pursuant to Article 3 takes effect and terminating on the fourth anniversary of that date: Description of Work: (To be specified in detail, however, the undertaking of 2D and 3D seismic surveys and at least one well commitment expected). Minimum Expenditure for this period: US$ [ ] million. Second Extension Period Commencing on the day on which a second extension of the licence granted to TPDC pursuant to Article 3 takes effect and terminating on the third anniversary of that dated: Description of Work: (To be specified in detail, however, the undertaking of 2D and 3D seismic surveys and at least one well commitment expected). Minimum Expenditure For this period : US$ [ ] million.
Initial Exploration Period. Commencing on the day on which the Exploration Licence is granted to T.P.D.C. pursuant to Article 3 and terminating on the fourth anniversary of that date: Description of Work : Undertake geological and Geophysical surveys and related activities as deemed necessary by the Company; shoot [ ] kms of seismic; and drill[ ] Exploration Wells. Minimum Expenditure for this period : US[ ] million. First Extension Period Commencing on the day on which a first extension of the licence granted is issued to T.P.D.C. pursuant to Article 3 takes effect and terminating on the fourth anniversary of that date: Description of Work : Drill [ ] Exploration Wells; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Company. Minimum Expenditure for this period : US$[ ]million. Second Extension Period Commencing on the day on which a second extension of the licence granted to T.P.C.D.C pursuant to Article 3 takes effect and terminating on the third anniversary of that dated: Description of Work : Drill [ ] Exploration Wells; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Company. Minimum Expenditure For this period : US$[ ]million. No exploration Well drilled by the Company shall be treated as discharging any obligation of the Company to drill Exploration Wells hereunder unless it has been drilled to the depth or stratigraphic level agreed with the Minister, or before reaching such depth or stratigraphic level:
Initial Exploration Period. Commencing on the Effective Date and terminating at the end of three (3) Contract Years, which is made up of the following: First Subperiod (11/2 years):

Related to Initial Exploration Period

  • Evaluation Period (a) For a period ending at 5:00 p.m. Eastern Time on March 31, 2014 (as may be extended as provided in 5.1(b) below, the “Evaluation Period”), Purchaser and its authorized agents and representatives (for purposes of this Article V, the “Licensee Parties”) shall have the right, subject to the right of any Tenants, to enter upon the Real Property and Improvements at all reasonable times during normal business hours to perform an inspection, including but not limited to a Phase I environmental assessment of the Property. At least 24 hours prior to such intended entry, Purchaser will provide e-mail notice to Seller, at the e-mail addresses set forth in Article XIV below, of the intention of Purchaser or the other Licensee Parties to enter the Real Property and Improvements, and such notice shall specify the intended purpose therefor and the inspections and examinations contemplated to be made and with whom any Licensee Party will communicate. At Seller’s option, Seller may be present for any such entry and inspection. Purchaser shall not communicate with or contact any of the Tenants without notifying Seller and giving Seller the opportunity to have a representative present. Purchaser shall not communicate with or contact any of the Authorities; provided, however, that Purchaser may communicate with the township in which the Real Property is located for the sole purpose of (i) confirming whether there are any existing municipal zoning or building code violations filed against the Property, (ii) without identifying the Property, to discuss real estate tax issues affecting the township generally, and (iii) to obtain copies of previously issued certificates of occupancy. Notwithstanding the foregoing, Purchaser shall not take any action that would cause a municipal inspection to be made of the Property. During the Evaluation Period, Seller shall instruct its tax appeal counsel to answer any questions that Purchaser may have regarding the real estate taxes and the real estate tax appeals with respect to the Property. No physical testing or sampling shall be conducted during any entry by Purchaser or any Licensee Party upon the Real Property without Seller’s specific prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed. TIME IS OF THE ESSENCE with respect to the provisions of this Section 5.1.

  • Meal Period Employees shall receive a meal period which shall commence no less than two (2) hours nor more than five (5) hours from the beginning of the employee's regular shift or when he/she is called in to work on his/her regular day off. The meal period shall be no less than one-half (½) hour nor more than one (1) hour in duration and shall be without compensation. Should an employee be required to work in excess of five (5) continuous hours from the commencement of his/her regular shift without being provided a meal period, the employee shall be compensated two (2) times the employee's straight-time hourly rate of pay for the time worked during his/her normal meal period and be afforded a meal period at the first available opportunity during working hours without compensation.

  • Initial Period The Initial Period will begin on the date set forth above and will terminate on the earlier of (i) the Commercial Operation Date, or (ii) the Date the Agreement is terminated pursuant to the provisions of Clause 19.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • PRORATION PERIOD The Tenant: (check one) ☐ - Shall take possession of the Premises before the start of the Lease Term on [START DATE] and agrees to pay $[PRORATION AMOUNT] for the proration period. The proration rate is calculated by the monthly Rent on a daily basis which shall be paid by the Tenant upon the execution of this Agreement. ☐ - Shall not be taking possession of the Premises before the Lease Term.

  • Option Period The Option herein granted may be exercised by Optionee in whole or in part at any time during a five year period beginning on May 31, 1997 (the "Option Period"), subject to the limitation that said Option shall not be exercisable for more than a percentage of the aggregate number of shares offered by this Option determined by the number of full years of employment with the Company or its Affiliates from the effective date of Optionee's grant, to the date of such exercise, in accordance with the following schedule: Number of Percentage of FULL YEARS SHARES PURCHASABLE 1 20% 2 40% 3 60% 4 80% 5 100% Notwithstanding anything in this Option Agreement to the contrary, the Board, in its sole discretion, may waive the foregoing schedule of vesting and upon written notice to Optionee, accelerate the earliest date or dates on which any of the Options granted hereunder are exercisable.

  • Unbroken Vacation Period An employee shall be entitled to receive her vacation in an unbroken period unless otherwise mutually agreed upon between the employee concerned and the Employer.

  • Initial Contract Term The Initial Contract Term shall be for two years. The Initial Contract Term shall begin on October 1, 2021, or on the last date the Contract is signed by all Parties, whichever is later. The Contract shall expire on October 1, 2023, unless terminated earlier in accordance with the Special Contract Conditions or Additional Special Contract Conditions.

  • year The employee shall provide medical substantiation to support her request for pregnancy leave. The request must include the beginning and ending dates of the leave and must be requested no later than thirty (30) calendar days after the birth of the child. Any changes to the leave, once approved, are permissive and subject to the approval of the department head or designee.