Common use of Regular Communication Clause in Contracts

Regular Communication. The Parties hereby agree to cooperate at all times and to contribute to the extent of their respective capacities in order to ensure efficiency in the performance of Operations hereunder and to ensure the success of the Project for the economic development of Suriname. To this end, the Parties agree to meet on a regular basis to discuss matters of mutual concern. Among one of these will be an evaluation of the performance of the Parties pursuant to this Agreement by the Parties, and more in particular five (5) years after Commencement of Commercial Production and subsequently every fifth (5th) anniversary thereafter, to determine if the Agreement has complied with the mutual interests. Proposals for changes of clauses of this Agreement will be discussed in good faith and take place with consent of both Parties.