Laserfiche WebLink
be supplied PURCRASER hereunder, or less than the average <br />yearly or monthly quantities stipulated in Section 8.01 hereof. <br />• 2.02 SELLER's Reserves and Preuaration of Mining Plan. <br />It is anticipated that the coal delivered hereunder will be <br />produced by underground mining methods. SELLER shall complete, <br />in good faith and with due diligence, any additional explora- <br />tion of the Coal Property reasonably necessary or appropriate <br />to assure that adecuate recoverable reserves exist to satisfy <br />the requirements of this Agreement. SELLER will also com- <br />plete the preparation of complete mining plans for the <br />Coal Property. Such initial mining plans shall include, <br />among other items, the following: (i) the estimated cost of <br />developing a new mine on the Coal. Property to satisfy the <br />• requirements of this Agreement; (ii) sufficient data, in- <br />cluding, but not limited.to, further testhole drilling and <br />other prospecting conducted under the direction of a licensed <br />mining engineer or other mutually acceptable person or persons <br />to establish the proven reserves of coal economically recover- <br />able by the mining methods which are to be employed in the <br />production of coal hereunder; (iii) plans for and commitments <br />to construct facilities necessary and appropriate for the <br />development of the Coal Property and the production, prepara- <br />tion and transportation of coal under this Agreement; and (iv) <br />evidence of title to the Coal Property. ~9ithin four (4) months <br />from the date of the Original Agreement, SELLER shall prepare <br />• and submit such data as is required by (ii) above. If, <br /> within such four (9) month period, SELLER has not produced <br />-3- <br />