NAMR definition
Examples of NAMR in a sentence
Upon termination, the Parties shall make any necessary conveyances and shall take such other steps as may be appropriate to obtain any necessary approvals of NAMR so that the record interests of the Parties are as set forth in the preceding sentence.
The validity of a number of petroleum concession agreements has been challenged in court on claims that shale gas is not covered by the petroleum law No. 238/2004 ("Petroleum Law"), and therefore, the National Agency for Mineral Resources ("NAMR") could not have validly concluded such petroleum agreements regarding exploration and exploitation of shall gas based on the procedure set out in the Petroleum Law.
Not later than thirty (30) days after the Effective Date of this Agreement, the Borrower shall establish and thereafter maintain a Project Steering Committee comprising representatives of MAI, MTCT, MEWM and NAMR which shall be responsible for overseeing Project implementation and coordination between Project executing agencies.
In such case, Oracle shall be deemed insofar as necessary for administrative purposes under Laws / Regulations to hold Oracle’s Interest or any portion thereof not approved for transfer in trust for the exclusive benefit of Amromco until such time as the NAMR has approved the assignment, transfer and conveyance of the entirety of Oracle’s Interest to Amromco.
The Borrower, through MAI, MTCT, MEWM and NAMR, shall take all necessary measures to implement the Project in accordance with the PIP and shall not amend, suspend, abrogate, repeal or waive any provision of the PIP without prior approval of the Bank.
MTCT and NAMR shall maintain their respective PMUs during execution of the Project, with staffing and resources adequate to enable each PMU to effectively implement their respective Part of the Project, and which shall be responsible for financial management, procurement, disbursement, and preparation of progress reports and annual reports in respect of or related to the Project.
The Borrower shall assign the responsibility for carrying out Part A of the Project to MAI, Part B of the Project – to MTCT, Part C of the Project – to MEWM, and Part D of the Project – to NAMR.