Common use of Mandatory Relinquishment Clause in Contracts

Mandatory Relinquishment. During the Initial Exploration Period, the Extension Periods, and any additional extensions, the Ministry may, provided it gives at least six (6) months’ notice, require the Contractor to promptly relinquish, without any compensation or indemnification, all of its rights to the area encompassing a Discovery, including any rights to Hydrocarbons that may be produced from such Discovery, if the Contractor:

Mandatory Relinquishment. During For the duration of the Initial Exploration Period, the Extension Periods, Periods and any additional extensionsextension thereof, the Ministry may, provided it gives at least six (6) months’ months notice, require the Contractor to promptly relinquish, without any compensation or indemnification, all of its rights to over the area encompassing a Discovery, including any all of its rights to over Hydrocarbons that which may be produced from such Discovery, if the Contractor:

Mandatory Relinquishment. During For the duration of the Initial Exploration Period, the Extension Periods, Periods and any additional extensionsextension thereof, the Ministry may, provided it gives at least six (6) months’ notice, require the Contractor to promptly relinquish, without any compensation or indemnification, all of its rights to over the area encompassing a Discovery, including any all of its rights to over Hydrocarbons that which may be produced from such Discovery, if the Contractor:

Mandatory Relinquishment. During For the duration of the Initial Exploration Period, the Extension Periods, Periods and any additional extensionsextension thereof, the Ministry may, provided it gives at least six (6) months’ notice, require the ‘Contractor to promptly relinquish, without any compensation or indemnification, all of its rights to over the area encompassing a 19 Discovery, including any all of its rights to over Hydrocarbons that which may be produced from such Discovery, if the Contractor: