Construction Decision definition
Examples of Construction Decision in a sentence
This provision relates to the Construction Decision made to execute the Initial Project described herein and has no continuing application under this Agreement.
Notwithstanding the foregoing, Goldcorp may assign its rights and obligations (other than the Construction Decision Guarantee) in whole or part, under this agreement to a direct or indirect wholly-owned subsidiary of Goldcorp, upon delivery of written notice thereof to the New Gold Entities, provided that no such assignment will relieve Goldcorp of any of its obligations hereunder.
Subject to the provisions of Section 4, in the event that Goldcorp has not made and announced a positive construction decision and commenced construction of the Mine on or before the Construction Decision Deadline as provided in Section 1, Goldcorp shall pay to Datawave an amount of US$1,500,000 per month until such decision is made and announced and construction of the Mine has commenced, for a maximum of 24 months.
The Members acknowledge that the Construction Decision Trigger Date may occur before a record of decision and all necessary permits, approvals and authorizations to construct and operate a mine have been issued.