Development and Exploitation Phase definition

Development and Exploitation Phase means the phase covered by an Exploitation Authorisation and determined in accordance with the provisions of Article 4.2 of this Contract.
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Examples of Development and Exploitation Phase in a sentence

  • The CONTRACTOR shall either defend against the claims of the third person or settle same, pursuant to the instructions which it will have received from the Operating Committee, it being understood that during the Development and Exploitation Phase, the amount of the damages and legal expenses connected thereto shall be chargeable to the Joint Account.

  • The amount of such budget shall be equal to ------------ U.S. Dollars (US$--------) for each Calendar Year during the Exploration Phase and ---------- U.S. Dollars (US$--------) for each Calendar Year during the Development and Exploitation Phase.

  • The amount of such budget shall be equal to fifty thousand U.S. Dollars (US$50,000) for each Calendar Year during the Exploration Phase and one hundred thousand U.S. Dollars (US$100,000) for each Calendar Year during the Development and Exploitation Phase.

Related to Development and Exploitation Phase

  • Development Phase means the period before a vehicle type is type approved.

  • Development Activities means those Development activities undertaken by or on behalf of a Party or its Affiliates with respect to the Product in the Field.

  • Development Program means the implementation of the development plan.

  • Development Project means a project for the development of land within a

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.