Common use of Development Obligations Clause in Contracts

Development Obligations. The production, investment and employment targets set out in Sections 6.1, 6.2, 6.3, 6.4 and 6.5 of the Mining Convention are not binding upon Banro because the figures referred to in these sections are estimations and projections that may change depending on the local and international parameters relating to the stability of the country and the gold market.

Appears in 3 contracts

Sources: Underwriting Agreement (Banro Corp), Underwriting Agreement (Banro Corp), Underwriting Agreement (Banro Corp)