Commercial Assessment definition

Commercial Assessment means an assessment made by the Contractor for the purpose of determining whether or not CBM accumulations in the Contract Area are commercially exploitable and whether or not Commercial Production is viable after consideration of all pertinent technical, financial and economic data and other relevant factors according to generally accepted Good International Petroleum Industry Practices (GIPIP).
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Commercial Assessment means the document that Griffith Enterprise provides to Creators in response to their IP disclosure, providing its assessment of the commercial potential and protection requirements in respect of their IP disclosure.
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Commercial Assessment means an assessment levied against a Commercial Lot pursuant to the Assessment Ordinance and the Act.
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Examples of Commercial Assessment in a sentence

  • The parties may mutually agree to have Palomar supply additional units of the CUT Female Product, or other Female Product(s) for use by ▇▇▇▇▇▇▇▇ in CUTs that do not conform with the CUT Product Specifications, provided that any such agreement or supply by Palomar shall not act to delay in any way the Commercial Assessment Period Termination Date.

  • Upon ▇▇▇▇▇▇▇▇’▇ request, Palomar shall promptly provide to ▇▇▇▇▇▇▇▇ in writing, with respect to the CUT Female Product supplied to ▇▇▇▇▇▇▇▇ by Palomar under this ARTICLE III, such warranties as ▇▇▇▇▇▇▇▇ may reasonably request to confirm that, during the Commercial Assessment Period, the CUT Female Products conform to the CUT Products Specifications and are in compliance with the applicable U.S. Regulatory Approval (which warranties shall not apply to any intellectual property rights).

  • Palomar acknowledges and agrees that the First Development Completion Payment, if any, made by G▇▇▇▇▇▇▇ to Palomar at the First Development Completion Payment Date pursuant to Section 6.1(d)(i) is intended, among other things as set forth in Section 6.1(d)(iii), to compensate Palomar for Palomar’s performance, upon request by G▇▇▇▇▇▇▇, of reasonable services during the Commercial Assessment Period.

  • The portion of the Licence Area that is subject to a Commercial Assessment Period shall be agreed between the Parties in accordance with Article 11.3(a).

  • However, Contractor may in case of any disagreement on the issue of joint development or the proposed joint development plan, prepared in accordance with Article 12.2 or within thirty (30) days of the plan approved as aforesaid in this Article, notify the Government that it elects to surrender its rights in the Commercial Assessment Area in lieu of participation in a joint development.

  • Consultant may not assign Consultant’s rights or delegate Consultant’s duties under this Agreement either in whole or in part without the prior written consent of VeriSign.

  • The parties may mutually agree to have Palomar supply additional units of the CUT Female Product, or other Female Product(s) for use by G▇▇▇▇▇▇▇ in CUTs that do not conform with the CUT Product Specifications, provided that any such agreement or supply by Palomar shall not act to delay in any way the Commercial Assessment Period Termination Date.

  • YES SCI and SERASA Social Responsibility Assessment YES FO.03.02.0026 YES FO.03.02.026 Environmental Assessment (*) YES Certificates or FO.03.02.010 NO N.A. Commercial Assessment YES N.A. YES Note of performance appraisal in SAP (*) Only for Waste Collection and Disposal.

  • Expenditure records shall be maintained in such a way as to enable proper allocation to each Field in the event of more than one Commercial Assessment.

  • Accordingly, any proposal by the Contractor relating to Commercial Assessment and production of CBM from a Field/Development Area shall be made in the context of the Government’s policy for the utilisation of CBM/Natural Gas.