Contract Area definition

Contract Area means the geographic maintenance area as negotiated between the Employer and the Province of BC.

Contract Area means on the Effective Date the area described in Annex A and shown on the map in Annex B, and thereafter the whole or any part of such area in respect of which Contractor continues to have rights and obligations under this Agreement.

Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

Examples of Contract Area in a sentence

• A Contractor shall pay an annual fixed fee from the date of commencement of Commercial Production in a Contract Area.

• The Contractor shall notify the Secretary-General within 30 Days if it finds, within its Contract Area, Resources other than the Resource category to which the exploitation contract relates.2. The exploration for and exploitation of such finds must be the subject of a separate application to the Authority, in accordance with the relevant Rules of the Authority.2alt.

• Each application for approval of a Plan of Work shall define the boundaries of the area under application, by a list of geographical coordinates in accordance with the World Geodetic System 84.2. The areas under application need not be contiguous and shall be defined in the application in the form of blocks comprising one or more cells of a grid, as provided by the Authority.3. The area under application shall be located within an exploration Contract Area.

• In particular, the Contractor shall be expected to continue to show due diligence in conducting exploration activities in the Contract Area, together with [the payment of applicable fees and] the reporting of such activities and its results to the Authority in accordance with the applicable Exploration Regulations, including under regulation 38 (2) (k).

• A Contractor, from the date of commencement of Commercial Production, shall pay a royalty in respect of the mineral-bearing ore sold or removed without sale from the Contract Area as determined in appendix IV to these regulations pursuant to Paragraph 1 of section 8 of the annex to the Agreement.

More Definitions of Contract Area

Contract Area means the surface area described in Annex 1, including the geological formations contained in the vertical projection of such surface to the depth indicated in Annex 1, in which the Contractor is authorized and obligated to conduct Petroleum Activities pursuant to this Contract, it being understood that: (i) this Contract does not grant the Contractor any real property rights to the Contract Area or to natural resources in its subsurface, and (ii) the Contract Area shall be reduced in accordance with the terms of this Contract.

Contract Area means the area that is the subject of a Petroleum Agreement and, if any part of a Contract Area is relinquished pursuant to a Petroleum Agreement, the Contract Area is the Contract Area as originally granted;

Contract Area means Block L27 the geographic area covered by this Contract, and described in Appendix "A" and any part thereof not previously surrendered;

Contract Area means the area specified in Annexes A and B, but not any part of it which has been relinquished under Article 3; “Contract Year” means a period commencing on the Effective Date, or on any anniversary of it, and ending immediately before the next anniversary of it;

Contract Area means all of the lands described in Addendum “A” hereto, all of the oil and gas leases covering such lands or fee interests in oil and gas therein now owned or hereafter acquired by Owner and intended to be developed and operated for Oil and Gas purposes under this agreement.

Contract Area means that part of the Original Contract Area or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract and shall include any additional area granted as per the provisions of Article-11.2, for which Contractor has valid License(s)/Lease(s) at any point during the currency of the Contract.

Contract Area means the area defined in Article 3 of this Contract.