Unit Area definition
Examples of Unit Area in a sentence
Australia and Timor-Leste shall inform each other expeditiously of changes in their respective taxation policies and laws that may impact on the revenue derived directly from the production of petroleum in the Unit Area.
Signed, sealed, and delivered this lll day of llllllllll, in the presence of: Witnesses: llllllllllllllllllllllll (Principal) llllllllllllllllllllllll llllllllllllllllllllllll llllllllllllllllllllllll (Surety) Designation of successor Unit Operator lll Unit Area, County of lll, State of lll.
Entitlements The Entitlements have been calculated on the basis of area with the Entitlement of each Unit calculated by dividing the Unit Area by the Total Unit Areas in accordance with the JOP Law.
Subject to paragraphs 2, 3 and 4 of this Article, this Treaty shall remain in force until the date 50 years after its entry into force, or until the date five years after the exploitation of the Unit Area ceases, whichever occurs earlier.
Should petroleum production take place in the Unit Area subsequent to the termination of this Treaty pursuant to paragraph 2 of this Article, all the terms of this Treaty shall come back into force and operate from the date of commencement of production.