Annual Work and Budget Program of the Production Phase Sample Clauses

Annual Work and Budget Program of the Production Phase document specifying the set of activities to be developed and the ones already developed by the Consortium Members in the next five years, including details of the investments necessary for developing the activities in the Production Phase.
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Annual Work and Budget Program of the Production Phase. The Annual Work and Budget Program of the Production Phase applies to the same provisions regarding the Annual Production Program as to the procedures of delivery, approval, and revision.
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Annual Work and Budget Program of the Production Phase. The Annual Work and Budget Program of the Production Phase applies to the same provisions regarding the Annual Production Program as to the procedures of delivery, approval, and revision. As of the Production Start Date of each Development Area or Field, the Consortium Members shall measure, from time to time and on a regular basis, the volume and quality of the Oil and Gas produced at the Measurement Point. The measurement methods, equipment, and tools that shall be used are those established in the respective Development Plan and in the Applicable Laws and Regulations.
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Annual Work and Budget Program of the Production Phase. The same provisions regarding the Annual Production Program as to the procedures of delivery, approval, and revision apply to the Annual Work and Budget Program of the Production Phase. The first Annual Work and Budget Program of the Production Phase shall include the remainder of the current year and shall be submitted by the Consortium Members within sixty (60) days of execution of this agreement. If there are more than six (6) months left until the end of the year, the Annual Work and Budget Program of the Production Phase for the current year shall be submitted. If there are fewer than six (6) months left until the end of the year, only the Annual Work and Budget Program of the Production Phase for the subsequent year shall be submitted by October 31 of that year or within the term established in paragraph 12.13, in case its deadline is after October 31. An exception may be made with respect to paragraph 12.13.2 if any activities are to be effectively developed by the Consortium Members in the second semester of the current year, provided that the submission of the Annual Work and Budget Program of the Production Phase is preceded by a prior consultation with ANP regarding the actual need therefor.
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Annual Work and Budget Program of the Production Phase. The same provisions regarding the Annual Production Program regarding delivery, approval and review procedures apply to the Annual Work and Budget Program of the Production Phase. The first Annual Work and Budget Program of the Production Phase must contemplate the remainder of the current year and be presented by the Consortium Members within a maximum period of 60 (sixty) days from the date of the Declaration of Commercial Viability. If there are more than six (6) months to the end of the year, the Annual Work and Budget Program of the Production Phase must be sent, whose reference year is the current year. If there are less than six (6) months to the end of the year, only the Annual Work and Budget Program of the Production Phase that has as reference year the subsequent year must be sent by October 31st of that year, or by the deadline established in paragraph 16.14, if it exceeds October 31st. An exception to paragraph 16.14.2 may be made if there are activities to be effectively carried out by the Consortium Members in the second half of the current year, provided that the presentation of the Annual Work and Budget Program of the Production Phase is preceded by a prior consultation with ANP as to its real need. From the Start Date of Production of each Development Area or Field, the Consortium Members shall, periodically and regularly, measure the volume and quality of Oil and Natural Gas produced at the Measurement Point. The methods, equipment and measuring instruments provided for in the respective Development Plan and in accordance with the Applicable Legislation shall be used.
Sample 1Sample 2
Annual Work and Budget Program of the Production Phase. By September 1st of each calendar year, the Operator shall deliver to the other Consortium Members a proposal for the Annual Work and Budget Program of the Production Phase detailing the operations to be performed in the following year. Within 30 (thirty) days after delivery, the Operating Committee shall meet to analyze and resolve on the Annual Work and Budget Program of the Production Phase. If the Operating Committee does not approve a certain Operation contained in the Annual Work and Budget Program of the proposed Production Phase, any Contractor may subsequently propose to carry it out as an Exclusive Risk Operation under Section IV. If the Annual Work and Budget Program of the Production Phase is approved by the Operating Committee, the Operator shall take the necessary measures to submit it to ANP for analysis and approval. If ANP requires changes in the Annual Work and Budget Program of the Production Phase, the matter must be submitted again to the Operating Committee for further analysis, following the procedures and deadlines defined in the previous paragraphs. The approved Annual Work and Budget Programs of the Production Phase may be reviewed by the Operating Committee. Whenever a review is approved by the Operating Committee, the Annual Work and Budget Program of the Production Phase must be changed, and the Operator, when this occurs, must prepare and submit such corrections to ANP. Any Discovery in the Agreement Area must be formally notified by the Operator to the other Consortium Members and ANP within a maximum period of 72 (seventy-two) hours. The notification shall be accompanied by all the relevant data and information available. If the Operating Committee deems that a Discovery deserves to be assessed, the Operator shall submit to the other Consortium Members a detailed proposal for an Oil or Natural Gas Discovery Assessment Plan within 60 (sixty) days. Within thirty (30) days of the submission of the proposal, the Operating Committee shall meet to analyze and resolve on the proposed Oil or Natural Gas Discovery Assessment Plan. If the Oil or Natural Gas Discovery Assessment Plan is defined by the Operating Committee, the Operator shall take the necessary measures to submit it to ANP for analysis and approval. If ANP requires changes in the Oil or Natural Gas Discovery Assessment Plan, the matter must be submitted again to the Operating Committee for further analysis, following the procedures and deadlines defined in the previous p...
Sample 1Sample 2
Annual Work and Budget Program of the Production Phase. By September 1st of each calendar year, the Operator shall deliver to the other Consortium Members a proposal for the Annual Work and Budget Program of the Production Phase detailing the operations to be performed in the following year.
Sample 1
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Related to Annual Work and Budget Program of the Production Phase

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

  • Production Phase contract period in which the Development and the Production are to be performed.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Concession Area, including its abandonment.

  • Project Work Plan The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from PEI and the Grantee.

  • Design Development Phase INDICATE IN STATEMENT OF WORK “NOT APPLICABLE” IF SECTION IS NOT APPLICABLE 1.1.6.1. The ARCHITECT/ENGINEER shall prepare from the approved Schematic Design Studies, the Design Development Documents consisting of drawings (including at least architectural, landscaping, civil, structural, mechanical and electrical plans, building sections; and finish schedule), outline specifications following the Construction Specification Institute "CSI" Format and other necessary documents to fix and describe the size and character of the entire Project as to its site, structural, mechanical, and electrical systems, materials and other such essentials as may be appropriate, for and until approved by the State. 1.1.6.2. The ARCHITECT/ENGINEER shall conduct meetings with the State, Efficiency Vermont, and relevant members of the design team, to review the Design Development Documents for the purposes of furthering the energy efficiency objectives of the Project. 1.1.6.3. The ARCHITECT/ENGINEER shall prepare for the State a revised accounting of how the Project is responding to LEED criteria. 1.1.6.4. The ARCHITECT/ENGINEER shall submit to the State a revised Statement of Probable Construction Cost based thereon for and until approved by the State.

  • Development Work The Support Standards do not include development work either (i) on software not licensed from CentralSquare or (ii) development work for enhancements or features that are outside the documented functionality of the Solutions, except such work as may be specifically purchased and outlined in Exhibit 1. CentralSquare retains all Intellectual Property Rights in development work performed and Customer may request consulting and development work from CentralSquare as a separate billable service.

  • Development Program RWJPRI shall be [**] and have [**] in consultation with the JDAC, to select LICENSED COMPOUNDS which shall then be designated PRODUCTS for further DEVELOPMENT by RWJPRI and marketing by ORTHO and its AFFILIATES. RWJPRI shall provide KOSAN with written notice of its decision to select a LICENSED COMPOUND for DEVELOPMENT. Once a PRODUCT has been selected for further DEVELOPMENT, RWJPRI, with the advice of the JDAC, shall have the [**] right to develop the PRODUCT through STAGES O, I, II and III and shall have the [**] right to prepare and file, and shall be the owner of, all applications for MARKETING AUTHORIZATION throughout the world. During such DEVELOPMENT efforts, KOSAN will assist RWJPRI as may be mutually agreed, at RWJPRI's expense, in chemical development, formulation development, production of labeled material and production of sufficient quantities of material for STAGE O and initial STAGE I studies. RWJPRI shall exercise diligent efforts, commensurate with the efforts it would normally exercise for products with similar potential sales volume and consistent with its overall business strategy, in developing such PRODUCT in accordance with the DEVELOPMENT PLAN established by RWJPRI. In the course of such efforts RWJPRI shall, either directly or through an AFFILIATE or SUBLICENSEE to which the license shall have been extended, take appropriate steps including the following: (i) in consultation with the JDAC, select certain LICENSED COMPOUNDS for STAGE O DEVELOPMENT; and (ii) establish and maintain a program reasonably designed, funded and resourced to obtain information adequate to enable the preparation and filing with an appropriate and properly empowered national regulatory authority all necessary documentation, data and [**] CERTAIN INFORMATION IN THIS EXHIBIT HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS. other evidence required for IND non-rejection to commence and conduct human clinical trials of such PRODUCT. (iii) proceed following IND non-rejection to commence PHASE I, II, and III clinical trials, associated studies and such other work which RWJPRI reasonably deems to be required for subsequent inclusion in filings for MARKETING AUTHORIZATION; (iv) after such submissions are filed prosecute such submissions and file all reasonably necessary, reports and respond to all reasonable requests from the pertinent regulatory, authorities for information, data, samples, tests and the like.

  • Work Plan Coordinate a work plan including a list of the proposed meetings and coordination activities, and related tasks to be performed, a schedule and an estimate. The work plan must satisfy the requirements of the project and must be approved by the State prior to commencing work.

  • Synchronization, Commissioning and Commercial Operation 4.1.1 The Power Producer shall give at least fifteen (15) days written notice to the SLDC / ALDC / DISCOM as the case may be, of the date on which it intends to synchronize the Power Project to the Grid System. 4.1.2 Subject to Article 4.1.1, the Power Project may be synchronized by the Power Producer to the Grid System when it meets all the connection conditions prescribed in the Grid Code and otherwise meets all other Indian legal requirements for synchronization to the Grid System. 4.1.3 The synchronization equipment and all necessary arrangements / equipment including Remote Terminal Unit (RTU) for scheduling of power generated from the Project and transmission of data to the concerned authority as per applicable regulation shall be installed by the Power Producer at its generation facility of the Power Project at its own cost. The Power Producer shall synchronize its system with the Grid System only after the approval of GETCO / SLDC / ALDC and GEDA. 4.1.4 The Power Producer shall immediately after each synchronization / tripping of generator, inform the sub-station of the Grid System to which the Power Project is electrically connected in accordance with applicable Grid Code. 4.1.5 The Power Producer shall commission the Project within SCOD. 4.1.6 The Power Producer shall be required to obtain Developer and/ or Transfer Permission, Key Plan drawing etc, if required, from GEDA. In cases of conversion of land from Agricultural to Non-Agriculture, the commissioning shall be taken up by GEDA only upon submission of N.A. permission by the Power Producer. 4.1.7 The Power Producer shall be required to follow the Forecasting and Scheduling procedures as per the Regulations issued by Hon’ble GERC from time to time. It is to clarify that in terms of GERC (Forecasting, Scheduling, Deviation Settlement and Related Matters of Solar and Wind Generation Sources) Regulations, 2019 the procedures for Forecasting, Scheduling & Deviation Settlment are applicable to all solar generators having combined installed capacity above 1 MW connected to the State Grid / Substation including those connected via pooling stations.

  • Research Plan The Parties recognize that the Research Plan describes the collaborative research and development activities they will undertake and that interim research goals set forth in the Research Plan are good faith guidelines. Should events occur that require modification of these goals, then by mutual agreement the Parties can modify them through an amendment, according to Paragraph 13.6.

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