ISA Contract definition

ISA Contract means a contract between the ISA and a person under Article 153 and Annex III, Article 3 of the Convention that authorises the person to explore for or exploit a type of resource in a part of the Area;

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ISA Contract means any contract entered into between the Sponsored Party and the ISA permitting the Sponsored Party under the Republic’s sponsorship to conduct Seabed Mineral Activities in the Area, and includes the contract for exploration for polymetallic nodules entered into on 22 July 2011 between the Sponsored Party and the ISA. “Law” includes any enactment, subordinate legislation, rule, regulation, order, directive or other provision, and any judicial or administrative interpretation or application thereof, of any jurisdiction and includes the UNCLOS, any rules, regulations and procedures or other legally binding instruments adopted by the ISA or other international organisations, with which the Sponsored Party or its Affiliates or Associates must comply in connection with the conduct of Seabed Mineral Activities in the Area.

ISA Contract means any contract or licence granted to TOML by the ISA, and includes any Exploration Contract and any Exploitation Contract, and all terms and conditions contained therein.

Examples of ISA Contract in a sentence

• The information contained in this ISA Contract for Exploration – Public Information Template is made available to the public in response to the request by the Council of the ISA to make contracts publicly available, subject to restrictions on confidential information, industrial secrets and proprietary data.

• The company may also take actions short of termination of your ISA Contract, as a result of breach of any of its provisions.

• However, not withstanding provisions under clause 8.1.b, renewal of ISA Contract shall be mututally agreed between both the parties.

• You may resign from your ISA Contract at any time prior to expiration by written communication to the company (▇▇▇▇ ▇ ▇▇▇▇ ▇▇ #▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇).

• The company may terminate your ISA Contract as a result of breach of any of the provisions of your ISA Contract.

• Each ISA client must be enrolled in the AKAIMS ISA Contract Module for Youth or Adult.

• In determining what actions to take in the event of breach of the ISA Contract, the company may consider without limitation the nature and severity of the breach, whether the breach can be or has been cured following notification by the company of the existence of the same, and whether there are multiple simultaneous, serial or repeating breaches.

• The Company is the registered holder, and the legal and beneficial holder, of the ISA Contract.

• If NORI relinquishes or the ISA terminates its ISA Contract, the Administration Fee will cease to be payable or paid after the second year in which NORI relinquishes or the ISA terminates its ISA Contract.

• However, not withstanding provisions under clause 9.1.b, renewal of ISA Contract shall be mututally agreed between both the parties.

More Definitions of ISA Contract

ISA Contract means the contract awarded to Nauru Ocean Resources Inc. by the International Seabed Authority pursuant to UNCLOS for the exploration for polymetallic nodules in the areas as specified in the contract.

ISA Contract means any contract entered into between the Sponsored Party and the ISA permitting the Sponsored Party under the Republic’s sponsorship to conduct Seabed Mineral Activities in the Area, and includes the contract for exploration for polymetallic nodules entered into on 22 July 2011 between the Sponsored Party and the ISA.

ISA Contract means any contract granted to NORI by the ISA, and includes any Exploration Contract and any Exploitation Contract, and all terms and conditions contained therein.