Production Volume Variance Sample Clauses

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.
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Production Volume Variance. 11.10. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program.
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Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP. Temporary Interruption of Production The Consortium Members may request ANP to voluntarily interrupt the Production of a Field for an one (1)-year period, extendable at ANP’s discretion. ANP shall assess the request within sixty (60) days, renewable for the same period, and may request clarification from the Consortium Members. The term for assessment shall be resumed upon submission of the clarification required. Voluntary interruption of the Production shall not entail suspension of the term of the Agreement.
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Related to Production Volume Variance

  • Contract Quarterly Sales Reports The Contractor shall submit complete Quarterly Sales Reports to the Department’s Contract Manager within 30 calendar days after the close of each State fiscal quarter (the State’s fiscal quarters close on September 30, December 31, March 31, and June 30). Reports must be submitted in MS Excel using the DMS Quarterly Sales Report Format, which can be accessed at xxxxx://xxx.xxx.xxxxxxxxx.xxx/business_operations/ state_purchasing/vendor_resources/quarterly_sales_report_format. Initiation and submission of the most recent version of the Quarterly Sales Report posted on the DMS website is the responsibility of the Contractor without prompting or notification from the Department’s Contract Manager. If no orders are received during the quarter, the Contractor must email the DMS Contract Manager confirming there was no activity.

  • Volume of TIPS Sales Nothing in this Agreement or any TIPS communication may be construed as a guarantee that TIPS or TIPS Members will submit any TIPS orders to Vendor at any time.

  • Annual Production Program document describing the forecasts for Production and handling of Oil, Gas, water, special fluids, and waste arising from the Production process of each Development Area or Field.

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

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