Company to erect factory Sample Clauses

Company to erect factory. The Company hereby covenants with the State that within the 6 months next following the date of commencement the Company will commence to erect and thereafter will diligently proceed with the continuation and establishment on the works site of a factory and all necessary ancillary buildings works, plant, equipment and services for the production of particle board estimated to cost $12 000 000 (including working capital) and designed to produce and capable of producing not less than 17 cubic metres per hour (on a 19 millimetre basis) of particle board and shall within 24 months after the commencement thereof complete the construction and establishment of the factory on the works site. In the construction and equipment of the factory and in the operation of the works carried out on the works site the Company shall at all times and from time to time comply with the requirements of all Acts and regulations thereunder and accepted modern practice in relation to factories for the production of particle board and its allied products.
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