Exploration Business definition

Exploration Business means any member of the Group (other than an Obligor) that is engaged solely in the identification, reconnaissance, investigation and exploration of potential or actual mineral resources by whatever means, including the submission of applications for appropriate licences to do so. Extension Fee means the fee referred to in clause 6.2 (Extension Option).
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Exploration Business means the business of exploring for, developing or producing hydrocarbons or acquiring, licensing, brokering or otherwise dealing with geophysical licensed data.
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Examples of Exploration Business in a sentence

  • Prior to the Closing, without the prior written consent of the applicable Seller, Buyers shall not contact any suppliers to, or customers of, the Bald Mountain Mining Business or the Bald Mountain Exploration Business and Buyers shall have no right to perform invasive or subsurface investigations of any properties.

  • Additionally, the Parties acknowledge that Consultants as used in this Paragraph only applies to Consultants used by Odyssey specifically for their knowledge of the Underwater Exploration Business as defined in Paragraph 11.

  • Directly or indirectly engaging in any competitive Underwater Exploration Business includes, but is not limited to, (i) engaging in such business as owner, partner, or agent, (ii) becoming a Consultant of any third party that is engaged in such business, (iii) becoming interested directly or indirectly in any such business, or (iv) soliciting any customer of Odyssey for the benefit of such business.