Production Targets Sample Clauses

The Production Targets clause sets specific output goals or benchmarks that a party, typically a manufacturer or supplier, is required to meet within a defined timeframe. It outlines the quantity, quality, and delivery schedule for goods or services, and may include mechanisms for monitoring progress or addressing shortfalls, such as periodic reporting or corrective action plans. This clause ensures that both parties have clear expectations regarding production performance, helping to prevent disputes and maintain consistent supply.
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Production Targets. Production targets referred to in this and other reports are underpinned by estimated Mineral Resources which have been prepared by competent persons in accordance with the requirements of the JORC Code. The production targets in this and other reports are sourced from both Indicated and Inferred Mineral Resources and it should be noted that there is a low geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or that the production target will be realised.
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Production Targets. Reservoirs located within the Commercial Field discovered and that have tested as commercial producers.
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Production Targets. As of the end of the Investment Period, the Recipient shall have used its CMF Award for Affordable Housing Activities resulting in Affordable Housing, financed and/or supported with a CMF Award, that is set aside to be leased or owned, as applicable, by Eligible-Income Families in a number of units that is no less than the number set forth in Schedule 1 of this Assistance Agreement.
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Production Targets i. Production targets will be reviewed quarterly by the review committee made up of the head of department and team leaders from the respective work station and representatives of the local union ii. The Head of department in consultation with the Supervisor, team leaders and shops stewards could adjust daily targets with reference to circumstance as may be presented. iii. Achieving or exceeding of daily targets may attract a bonus compensation iv. Persistent non target achieving workers will first be laid off in case of redundancy or could also not have employment confirmation if casuals or contract renewal upon expiration. v. Records of target performance will have 50% weight during appraisals.
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Production Targets. Are the reservoirs, located within the discovered Commercial Field, and proven as commercial producers.
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Production Targets. Stage 2 shall take effect when the most recent 12 month Company production from the MPWRS is greater than the then- current annual production target as determined in Table XV-1 of MPWMD Rule 160 but no greater than 105% of the annual production target. The amount of voluntary reduction shall equal the percentage overage of the annual production.
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Related to Production Targets

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving (either itself or through the acts of a SUBLICENSEE) the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • 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 Contract Area, including its abandonment.

  • 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.

  • Project Specific Milestones In addition to the milestones stated in Section 212.5 of the Tariff, as applicable, during the term of this ISA, Interconnection Customer shall ensure that it meets each of the following development milestones: 6.1 Substantial Site work completed. On or before July 1, 2021, Interconnection Customer must demonstrate completion of at least 20% of project site construction. At this time, Interconnection Customer must submit to Interconnected Transmission Owner and Transmission Provider initial drawings, certified by a professional engineer, of the Customer Interconnection Facilities. 6.2 Delivery of major electrical equipment. On or before July 15, 2021, Interconnection Customer must demonstrate that all generating units have been delivered to Interconnection Customer’s project site.

  • Development Schedule The Project shall substantially comply with the specific timetables and triggers for action set forth in Article 5 of this Agreement. The parties acknowledge that, as provided in G.S. 160A-400.25(b), the failure to meet a commencement or completion date shall not, in and of itself, constitute a material breach of this Agreement pursuant to G.S. 160A-400.27 but must be judged based upon the totality of the circumstances.