Common use of No Obligation to Develop Clause in Contracts

No Obligation to Develop. Nothing herein shall in any way obligate MRS to undertake any particular amount or kind of exploration work on the Premises nor to undertake any development or mining activity therein, it being understood that the decision to conduct exploration, to open a mine, to abandon exploration, or to suspend or abandon development or mining operations shall be entirely within the discretion of MRS. Furthermore, if MRS shall determine to develop a mine or mines, all decisions as to the nature of operations, the nature of products to be produced and the terms, conditions and prices for which such products shall be sold shall be solely within the discretion of MRS.