Common use of Development and Production Clause in Contracts

Development and Production. It is agreed and acknowledged by the Parties that if a commercially viable deposit is delineated on the Properties, the Joint Venture has the right to proceed expeditiously to develop a mine or mines on the Property or Properties in accordance with the relevant law and regulations of the PRC.

Development and Production. It is agreed and acknowledged by the Parties that if a commercially viable deposit is delineated outlined on the Properties, the Joint Venture has the right to proceed expeditiously to develop a mine or mines on the Property or Properties in accordance with the relevant law and regulations of the PRCProperties.