Voluntary Relinquishments. 3.2. The Contractor may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Contract Area.
Voluntary Relinquishments. 2.5.1 Subject to the Contractor's obligations established in Article 24 and the Hydrocarbons Law, the Contractor may at any time notify the Ministry with three (3) months' advance notice that it relinquishes all of its rights over all or any part of the Contract Area.
Voluntary Relinquishments. The Contractor may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Contract Area. Relinquishments shall not exempt the Contractor from the obligation to comply with the Minimum Exploration Program. Once the Exploration Phase is completed, the Consortium Members may only keep as Contract Area the Development Areas.
Voluntary Relinquishments. 3.2. The Concessionaire may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Concession Area.
Voluntary Relinquishments. The Concessionaire may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Concession Area. Voluntary relinquishments shall be communicated in writing. Voluntary relinquishments shall not exempt the Concessionaire from the obligation to comply with the Minimum Exploration Program. Once the Exploration Phase is completed, the Concessionaire may only keep as Concession Area the Development Area.
Voluntary Relinquishments. The Contracted Party may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Contract Area. Relinquishments shall not exempt the Contracted Party from the obligation to comply with the Minimum Exploration Program. Once the Exploration Phase is completed, the Consortium Members may only keep as Contract Area the Development Areas.
Voluntary Relinquishments. The CONTRACTOR may voluntarily relinquish all or any part of the Agreement Area subject to having fulfilled all of its obligations at that time required to be performed under Article 4.1 of this Agreement. Any voluntary relinquishment shall be credited toward the mandatory relinquishments required under Article 5.1 above. For greater certainty and without limitation, there shall be no expenditure obligations in respect of any such voluntarily relinquished Agreement Area.
Voluntary Relinquishments. During the exploration period, Contractor may at any time relinquish any portion of the area granted with the mineral exploration license upon giving the Ministry 90 (ninety) days prior notice, and all such voluntary relinquishments shall be credited toward the mandatory relinquishments specified in sub-article 10.1 above.
Voluntary Relinquishments a) the Contractor may voluntarily relinquish all or any part or parts of the Contract Area under paragraph 1 of Article VI , and any such voluntary relinquishments shall be credited toward the mandatory relinquishments under paragraph 1 of Article VII;
Voluntary Relinquishments. 16 Clause 9.3. Resignation Right 16 Clause 9.4. Events of Termination 17 Clause 9.5. Unilateral Termination 17 Clause 9.6. Caducity 17 Clause 9.7. Events of Default of THE EVALUATOR 17 Clause 9.8. Procedure to Declare a Default 18 Clause 9.9. Events of Unilateral Termination 19 Clause 9.10. Restoration of the Area of Technical Evaluation 19 Clause 9.11. Subsequent Obligations 19 CHAPTER X.- DISPUTE RESOLUTION Clause 10.1. Executive Instance 20 Clause 10.2. Expert Determination and Arbitration 20 Clause 10.3 Technical Expertise 20 Clause 10.4 Accounting Expertise 20 Clause 10.5. Disputes Regarding the Nature 21 Clause 10.6 Arbitration 22 CHAPTER XI.- MISCELLANEOUS PROVISIONS Clause 11.1. Contract Documents 22 Clause 11.2. Force Majeure and Acts of Third Parties 22 Clause 11.3 Suspension 23 Clause 11.4 Cessation of the Suspension 23 Clause 11.5 Effects on Terms 23 Clause 11.6. Taxes 23 Clause 11.7. Payments and Currency 23 Clause 11.8. Exchange Rate 23 Clause 11.9.Late Payment Interest 23 Clause 11.10. Language 23
