Commercial Production Date definition

Commercial Production Date or “CPD” means the date determined as such pursuant to

Commercial Production Date means the date on which the aggregate production capacity of Party B Coking Facilities reaches not less than 130,000 metric tons of Coal Tar per year as a result of Party B Phase II Coking Facilities commencing commercial production.

Commercial Production Date means the start date of transport of coal from the Benga mine to the designated stock yard at the Beira port, as communicated.

Examples of Commercial Production Date in a sentence

• During the […***…] period immediately following the First Commercial Production Date, RFM warrants to ST that the IC Design shall conform to the Specifications in all material respects.

• Triple Flag has determined the Annual Cap Amounts upon the achievement of the Commercial Production Date as the Gold Cap Amount to be 7,125 ounces of Produced Gold annually and the Silver Cap Amount to be 59,315 of Produced Silver annually.

• The Independent Engineer shall certify the results of each Production Test conducted pursuant to Section 3.1 (Determination of Commercial Production Date).

• The Royalty purchase option may be exercised at any time prior to the Commercial Production Date, provided however royalty payments which are made from commercial production shall not be credited towards the purchase price of the Royalty interest.

• Not more than ninety (90) days following the end of each Fiscal Year ending after the Commercial Production Date, the Payor will provide the Payee with an annual report of Minerals mined, Minerals milled or processed, recoveries, and grades during such Fiscal Year.

More Definitions of Commercial Production Date

Commercial Production Date means the first date on which Commercial Production occurs.

Commercial Production Date means a date determined by the Operator, acting reasonably, and taking into consideration the first day of the month following the production of ores and the concentrating of minerals from the Property for a period of sixty (60) consecutive production days resulting in a product of merchantable form and quantity (other than for the purposes of sampling, assaying, testing, analysis or evaluation) and utilizing not less than 70% per cent (70%) of the design capacity of the concentrator erected for the processing of ores from the Property, or, in the event a concentrator is not erected for processing ores from the Property, when production of ores from the Property for a period of sixty (60) consecutive production days achieves not less than seventy per cent (70%) of the mining rate specified in the Bankable Feasibility Study recommending placing the Property in commercial production.

Commercial Production Date means the last day of a period of 90 consecutive days during which Ore is mined from the Property and processed at a rate not less than 80% of the design capacity of the mine and plant. It is agreed that the sale of any Ore or minerals from a pilot plant or other operations carried on with a view to testing such Ores or the procedures for treating the same shall not constitute commercial production;

Commercial Production Date means the first day of the month (30 days period) at the end of which 50% of the full production of ROM Coal (4.5MTPA/12 x 50%) to the Delivery Point has been achieved.

Commercial Production Date means the date on which the rate of mining and milling of ore exceeds 25 percent of maximum budgeted continuous throughput;

Commercial Production Date means the later of, (a) in respect of the Mine, the Refinery and the Smelter, the last day of the period of the first three (3) months of continuous and stable operations of each of the Mine, the Refinery and the Smelter at not less than ninety percent (90%) capacity, as determined by the Parties on written advice from each relevant Board of Managers; and (b) in respect of the Rolling Mill, after all major pieces of equipment and all instrumentation and systems related to process and quality control successfully complete acceptance testing, the date at which the first customer has given acceptance of qualification for supply of beverage can stock, provided that for the purpose of Clauses 8.5(b)(iv), l 2.3(d)(iii) and l 8.4(c) it shall mean the above date applicable to the relevant Company;

Commercial Production Date means the date upon which Commercial Production commences with regard to the Property;