Examples of Minimum Work Obligations in a sentence
After the Minimum Work Obligations have been fulfilled, any Company may elect, and subject to ROC’s prior written consent, by giving notice to the other Companies, to withdraw from the Contract and the JOA.
Operations which are required to fulfill the Minimum Work Obligations must be proposed and conducted as Joint Operations and may not be proposed or conducted as Exclusive Operations.
If the Ministry disputes in writing that Concessionaire has fulfilled its Minimum Work Obligations, such objections shall set forth the full details of Ministry’s objections.
Within sixty (60) Days following completion of the Minimum Work Obligations for each phase of the Exploration Period, Concessionaire shall notify the Ministry that Minimum Work Obligations has been fulfilled regarding the respective phase of the Exploration Period.
The Concessionaire shall have a Minimum Expenditure Obligation of [x] US Dollars (USD [x]) for the purpose of the Minimum Work Obligations in the Phase II of the Exploration Period.