Common use of Development Projects Clause in Contracts

Development Projects. Parent has no reason to believe that (i) the estimated production capacity for each of the time periods set forth in Section 3.02(w) of the Parent Disclosure Letter with respect to the development project described in Parent's Annual Report on Form 10-K for the fiscal year ended December 31, 1995 will not be reached during such time periods, or (ii) the estimated costs set forth in Section 3.02(w) of the Parent Disclosure Letter with respect to each such development project will be exceeded.

Appears in 2 contracts

Sources: Merger Agreement (Homestake Mining Co /De/), Merger Agreement (Santa Fe Pacific Gold Corp)