Production Period studies; - well completions and reconditioning of development xxxxx; - production and evacuation infrastructures; - production equipment; - maintenance work, painting work, other; - proposed professional training programme; - the estimated date for submission of the Abandonment Plan or, if applicable, the updated Abandonment Plan. The Budget shall be broken down for each Petroleum Operation, in accordance with this Article 10.4 and consistent with the Accounting Procedure.
Production Period. If you or any related producer has an outstanding default on a previous or current crop year advance with any APP administrator, you will be ineligible for an advance under the Agricultural Marketing Programs Act (AMPA). To be eligible for a livestock or animal advance, the stock must already be at foot. Advances for grain, sheep and lambs are based on an 18-month program beginning April 1st of each production period. Livestock advances for cattle and bison are based on a 24-month program beginning April 1st of each production period. Advance Limits Producers can qualify for up to a maximum of $400,000 with the first $100,000 interest free. The interest free provision and maximum advance is cumulative over all organizations under the Advance Payments Program. The maximum cumulative advance that can be issued to an applicant, including current outstanding advances (2016 and 2017) and eligible advances for 2017, can at no time exceed $400,000. Producer Payments Advances are issued to applicants, less applicable application fees. Producers applying for an Intended Seeding Advance are eligible to receive 60% of their requested advance upon approval of their application. The remaining 40% will be issued when BCBFA receives the producer’s Actual Seeded Advance Report and a confirmed Seeded Acreage Report. All recipients of an Intended Seeding Advance must submit this report by July 31, 2017, otherwise the advance becomes due immediately. Administration Fees BCBFA ‘s Administration Fee will be .75% (minimum fee of $375.00 maximum fee of $750.00 Interest The interest rate for interest bearing advances is the BMO Prime rate - .25%, Repayments without proof of sale, as described in 3.0 of the Repayment Agreement, are subject to an interest penalty at the BMO Prime rate plus 1%.
Production Period. If, during either the Initial Option Period or the Option Period Extension, the Series goes into production, then Production Company’s option hereunder shall be further extended throughout the “Production Period”, which shall mean the period of time beginning upon the end of the Option Extension Period and terminating upon the earlier of either (i) Purchase; or (ii) Thirty Six (36) months from the start of the Production Period. 2.4.
Production Period. 1. Following each Commercial Discovery, the extent of the whore area within the Contract Area capable of Production from the deposit or deposits identified in the Well that originated the Commercial Discovery and its related Appraisal Xxxxx, if any, shall be agreed upon by Sonangol and Contractor. Each agreed area shall then be converted automatically into a Development Area effective from the date of Commercial Discovery. Without prejudice to paragraph 2 hereof, there shall be a Production Period for each Development Area which shall be twenty-five (25) Years from the date of Commercial Discovery in said Development Area. In the event of Commercial Discoveries in deposits which underlie and overlie each other, such deposits shall constitute a single Development Area, and such area shall be defined or redefined as necessary, within the boundaries of the Contract Area, to incorporate all underlying and overlying deposits.
Production Period. 11.1. Contractor shall have an exclusive right to Production on the Contract Territory within 25 (twenty-five) sequential years.
Production Period. During the Production Term, CBSW will store at the Facility, without charge to Client, so much of supplies, other Client Materials, equipment or other property needed to manufacture the Product. In addition, Client will supply to CBSW a cryogenic means for CBSW to store Cryopreserved Product at the Facility and CBSW will store such Cyropreserved Product during the Production Term up to the time specified for delivery in accordance with Section 6.3.
Production Period. The production period will last for a period of twenty-four (24) years, starting on the date in which XXX receives from THE CONTRACTOR the Declaration of Marketability mentioned in Clause 15 below. The Production Period will be estimated separately for each Production Area, and consequently, all references to duration, extension or termination of the Production Period refer to each particular Production Area.
Production Period. 1. Following each Commercial Discovery, the extent of the whole area within the Contract Area capable of Production from the deposit or deposits identified in the Well that originated the Commercial Discovery and its related Appraisal Xxxxx, if any, shall be agreed upon by Sonangol and Contractor. Each agreed area shall then be converted automatically into a Development Area effective from the date of Commercial Discovery. Without prejudice to paragraph 2 hereof, there shall be a Production Period for each Development Area which shall be twenty (20) Years from the date of Commercial Discovery in said Development Area. In the event of Commercial Discoveries in deposits which underlie and overlie each other, such deposits shall constitute a single Development Area, and such area shall be defined or redefined as necessary, within the boundaries of the Contract Area, to incorporate all underlying and overlying deposits.
Production Period. With regards to the Production Area, a period of up to twenty-four (24) years and its extensions if any, starting on the corresponding Declaration of Marketability, during which THE CONTRACTOR must undertake the Development and Production Operations. Exploration Period: 6-Year Period counted as of the Effective Date, together with any extension granted, during which THE CONTRACTOR shall execute the Exploration Program.
Production Period. Within four (4) Months following the date of the Declaration of Commerciality of each Commercial Field. The Characterization must be updated every five (5) Years. Presentation of the PBC Project to the XXX. Description: PBC project that the Contractor must submit for approval of the XXX, with its annexes. Exploration Period: PBC First Phase (Phase 1) Within the Year following the Effective Date. PBC Second Phase (Phase II) and the eventual Subsequent Exploration Program: Within six (6) Months following the date of commencement of the Phase or Program. Evaluation Program - PEV: Within three (3) Months following the date of presentation of the PEV to the XXX. Production Period: First PBC: Within four (4) Months following the date of the Declaration of Commerciality of each Commercial Field. Subsequent PBCs:
