Production Start Date Sample Clauses
The Production Start Date clause establishes the specific date on which production activities are to commence under the agreement. It typically outlines how the start date is determined, such as being set by mutual agreement, upon completion of certain preconditions, or after receipt of necessary approvals. This clause ensures both parties are aligned on when obligations related to production begin, thereby preventing misunderstandings and providing a clear timeline for project execution.
Production Start Date. The Field Production shall start within no more than five (5) years of the date of submission of the Declaration of Commercial Feasibility, extendable at the Contracting Party’s discretion based on ANP’s opinion.