Initial Exploration Period definition

Initial Exploration Period means the period of two (2) Contract Years commencing on the Effective Date of the Contract, as defined in sub-clause 2(1);

Initial Exploration Period means the period specified in Article 4.2, during which the Contractor shall conduct Surface Reconnaissance and Exploration, Exploration and Appraisal activities.

Initial Exploration Period means the period commencing on the date of signature of this Agreement and ending on a date not later than four years as from such first mentioned date or such shorter period as may be determined in clause 3;

Examples of Initial Exploration Period in a sentence

• As of and from the Effective Date, the Contractor is authorized to conduct Exploration Operations in the Contract Area during the Initial Exploration Period.

• Phase of Operation Surface Rental per Annum Initial Exploration Period US $ 30 per sq.

• The Contractor shall be required to complete at least the Minimum Work Program during the Initial Exploration Period.

• In the event that during the Initial Exploration Period, the Contractor carries out additional Work Units to those committed in accordance with Article 4.2, the Contractor may request the recognition of such Work Units for the First Additional Exploration Period.

• Subject to this Article 4.3, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the Initial Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “First Additional Exploration Period”).

More Definitions of Initial Exploration Period

Initial Exploration Period means a period of [insert number] Contract Year(s) from the Effective Date, subdivided into two sub-periods of [insert number] Contract Year(s) each.

Initial Exploration Period shall have the meaning ascribed to it in Article 3.1(a)(i);

Initial Exploration Period means the first four (4) consecutive Contract Years or five (5) consecutive Contract Years as the case may be, specified in Article 3 in which the Contractor is required to complete the Minimum Work Programme specified therein.

Initial Exploration Period means a period of four (4) Contract Years from the Effective Date, subdivided into two sub-periods of two (2) Contract Years each.

Initial Exploration Period shall have the meaning set forth in Article 4.

Initial Exploration Period means the period of two (2) Contract Years commencing on the Effective Date of the Contract, as defined in sub­clause 2(1);

Initial Exploration Period has the meaning given to it in clause 3.3.1.1