Development Decision definition

Development Decision means a decision by the board of directors of the Buyer and/or Buyer Guarantor to approve a development program on the Project as evidenced by written minutes.

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Development Decision means a decision by the Company to build and operate a mine on any Property in the Contract Area in accordance with the a Feasibility Study confirming the economic feasibility of building and operating such a mine.

Development Decision means an express resolution of the Board of Managers to commence Development of the NorthMet Construction. [Redacted - Commercially sensitive information]

Examples of Development Decision in a sentence

• Should GRAPH-TECH make a Development Decision and elect to go forward with the development of the Deposit, the Study Committee shall become the Vehicle's management committee and board of directors.

• The Extension Payments will recommence as if the Development Decision and the time period in between had not occurred.

• Upon making the Development Decision, the Vehicle shall enter into the Offtake Contract with GRAPH-TECH.

• Once the Development Decision is made and notice thereof delivered to Mazarin, the Study Committee shall use the approved feasibility study to delineate the initial project (the "Initial Project") for the complete development of the Deposit.

• For example if GRAPH-TECH makes a Development Decision on June 30,2003 and then 25 months later has through inaction, caused the Vehicle to fail to be able to begin mining operations, the Extension Payment that would have been due for July, 2003 shall then become due and payments would continue from that point as if no Development Decision had been made.

• After negotiation of the Shareholders Agreement and prior to making the Development Decision, GRAPH-TECH and Mazarin shall in good faith commence the negotiation and settlement of the terms and conditions of the Offtake Contract consistent with the terms and conditions set out in Appendix C.

• Immediately upon GRAPH-TECH making a Development Decision, the Extension Payments to Mazarin shall cease and the Vehicle shall initiate reasonable efforts to begin mining operations within 24 months.

• After completion of the Study, GRAPH-TECH shall have until December 31, 2002 (the "Option Period") to determine if it wishes to make a Development Decision or wishes to extend the time in which it may make the Development Decision.

• In the event GRAPH-TECH elects not to make a Development Decision by December 31, 2002, or prior to the termination of any applicable Extension Period, Mazarin may require GRAPH-TECH to transfer its interest in the Vehicle to Mazarin for a sum of $1,000,000.00 or GRAPH-TECH's interest shall be diluted on a basis to be set out in the Shareholders Agreement.

• If, prior to a Development Decision being made during any Extension Period, GRAPH-TECH fails to make an Extension GRAPH-TECH will give Mazarin a written notice of its intention to extend the period in which it may make the Development Decision at least 30 days prior to the beginning of the applicable Extension Period.

More Definitions of Development Decision

Development Decision with respect to a Product means the earlier of (a) initiation of an [***] for such Product or (b) the [***] for such Product.

Development Decision means the approval by (i) BML and Zedex and (ii) majority vote of the board of Kalimantan Gold, to proceed with a Project based on a Final Feasibility Study;

Development Decision means the approval by BML, Olympus and the majority vote of the board of NBG, to proceed with a Project based on a Final Feasibility Study;

Development Decision means a decision by the Steering Committee regarding whether a Development Program should be commenced for a Collaboration Product and/or whether a Collaboration Product should be advanced to the next stage of a Development Program such as for example, advancing a Collaboration Product from Phase I Clinical Trials to Phase II Clinical Trials or advancing a Collaboration Product to IND filing stage.

Development Decision means a decision made by the Executive Committee, based on the Full Feasibility Study, to proceed with the development of a mine on the Properties or a portion thereof;