Option to Expand. Party A hereby grants to Party B the exclusive right to construct and operate independent mining operations and floatation circuits ("Expansion") using Party A's existing plant or other site, as may be required from time to time, to secure or increase production of raw materials to be supplied to the JVC. Such Expansion may take the form of joint venture between Party A and Party B or an operation wholly owned and operated by Party B. Where such Expansion takes the form of a joint venture, the terms and conditions of this Contract shall apply where applicable.
Appears in 3 contracts
Samples: Equity Joint Venture Agreement (Integrated Carbonics Corp), Equity Joint Venture Agreement (Integrated Carbonics Corp), Equity Joint Venture Agreement (Integrated Carbonics Corp)
Option to Expand. Party A hereby grants to Party B the exclusive right to construct and operate independent mining operations and floatation circuits ("Expansion") using Party A's existing plant or other site, as may be required from time to time, to secure or increase production of raw materials to be supplied to the JVC. Such Expansion may take the form of joint venture between Party A and Party B or an operation wholly owned and operated by Party B. Where such Expansion takes the form of a joint venture, the terms and conditions of this Contract shall apply where applicable. 18.
Appears in 2 contracts
Samples: Equity Joint Venture Agreement (Integrated Carbonics Corp), Agreement (Integrated Carbonics Corp)
