Signature Bonus definition

Signature Bonus means amounts payable by a person to JDA to acquire the right to sign a PSC;

Signature Bonus means a single non- recoverable lump sum payment by contractor to the Government upon signing of agreement or any other related agreement.

Signature Bonus means any funds that an Operator or Contractor pays to DRSTP and/or FGN and/or any other entity formed by DRSTP and FGN to acquire the right to sign an Exploration and Production Agreement.

Examples of Signature Bonus in a sentence

• The bids will be evaluated on the basis of Signature Bonus, which would be spent for social welfare of the area in which the field is located.

• As provided by Law No. 12,351/2010, the Contracted Party shall pay the following Governmental Revenues: Signature Bonus in the amount of (insert the amount in words) (R$XXX); Royalties in the amount corresponding to fifteen percent (15%) of the Total Production Volume of Oil and Gas in the Contract Area.

• The Signature Bonus cannot be less than the established minimum bonus.

• The County Administrator, Employee Services or Department Head may, for just cause, and/or for any of the following specific reasons, revoke or suspend operating privileges at any time.

• If a winning Bidder, for whatever reason, does not execute the Concession Agreement before the date given for its signature, the runner-up Bidder will be summoned and given the opportunity to sign the Concession Agreement for the block provided it meets the Signature Bonus and Local Goods and Services values offered by the winning bidder, and it also re-submits a Bid Bond.

More Definitions of Signature Bonus

Signature Bonus means any funds payable to the JDA pursuant to the JDZ Regulations to acquire the right to sign a production sharing contract or other grant of rights to explore for and/or exploit the hydrocarbon resources of the JDZ; Annex A Option Agreement

Signature Bonus means a single, non-recoverable lump sum payment by the Licensee to Government upon the granting of the Exploration Licence.

Signature Bonus has the meaning attributed to it in the PRA;

Signature Bonus means the cash consideration paid to Syntroleum at closing, by the International Operator or other third party included in the initial Deed of Assignment submitted to the Approval Authorities prior to the Approval Date, for the transfer and assignment by Syntroleum to the International Operator or such other third party of a portion of the Assigned Interests.

Signature Bonus means a bonus paid by the grantee of a Tender Agreement upon signing of that agreement;

Signature Bonus means any funds that an Operator or Contractor pays to DRSTP and/or FGN and/or any other entity formeod by ORSTP and FGN to acquire (the right to sign an Exploration and Production Agreement 1.19 Words importing the singular meaning include, unless the context otherwise demands, the plural meaning and visa versa. 1.20 The clause headings in this Agreement are for convenience and ease of reference and shall not affect its construction or interpretation 1.21 Reference to clauses and sub-clauses are to clauses and sub-clauses of the Agreerment unless the context clearly indicates otherwise. Any words terms or phrases used herein shall be interpreted m accordance with their generally accepted use by the international petroleum industry 2. OBLIGATIONS OF ERHC 2.1 ERHC relinquishes its rights established in l) of paragraph 3.1.1 of the Memorandum of Agreement of May 27th, 1997 under which. "ERHC/PFC will negotiate on behalf of DRSTP with major oil companies the remaining concessions to be teased and developed and will retain a 5% override to be paid by oil companies for ERHC/PFC services" 2.2 ERHC assigns its ownership in STPetro to the DRSTP. 2.3 As a result of the assignment in 2.2 above. ERHC relinquishes its fight, through its Ownership in STPetro to acquire as STPetro a minimum. of the four (4) best Concessions in the EEZ 3. OBLIGATIONS OF DRSTP 3.1 DRSTP Hereby assigns to ERHC ten percent (10%) of its share of all Profit Oil received from operations conducted in the JDZ, payable in U.S. Dollars 3.2 DRSTP hereby assigns to ERHC five perent (5%) of its share of all Signature Bonuses paid by Contractors operating within the JDZ. payable in U.S. Dollars 3.3 DRSTP accepts the right of ERHC to receive one and one-half percenl (1.5%) Overriding Royalty Interest (ORRI) in all the production of Crude Oil and or Natural Gas in the JDZ, to be paid by the Contractors in U.S. Dollars DRSTP shall on a best efforts basis have ERHC's right to ORRI included in all Exploration and Production Agreenntnls relating to the JDZ Page 5 of 11

Signature Bonus means a bonus offered and paid by a licensee pursuant to a call for tenders or a call for negotiations to secure a licence;