Common use of Mining Operations Clause in Contracts

Mining Operations. The Borrower shall develop, maintain and operate the Mining Operations in accordance with the Development Plan in all material respects and procure that the same and other assets of the Borrower are maintained and diligently operated for the extraction, production, transportation, storage, processing and delivery of gold in a good and workmanlike manner and in accordance with (a) prudent industry practices, (b) the Transaction Documents and (c) in all material respects, all applicable Laws, rules and regulations, and procure that appropriate action is taken according to practices of prudent operators in the industry to maintain and manage the Mining Operations and all operations on such sites and procure that all machinery, equipment and facilities of any kind now or hereafter forming part of the same or on such sites as necessary for the extraction, production, transportation, storage, processing, delivery or marketing of gold are provided and are kept in all material respects in good and efficient operating condition (taking into account reasonable wear and tear).