Commercial Production Day definition

Commercial Production Day means the day on which a Contractor makes its first sale or disposal of Petroleum produced in 2commercial quantities from a Production Area.
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Commercial Production Day means the day on which Contractor makes its first sale or disposal of Petroleum produced in 32commercial quantities from a Production Area under this Agreement.
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Commercial Production Day means the day on which a Contractor makes its first sale, exchange or transfer of Petroleum produced from a production Area under a Petroleum Agreement with or without
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Examples of Commercial Production Day in a sentence

  • Signature and Production Bonus: The signature bonus shall be paid within Thirty days of the Effective Date and the production bonus shall be paid within Ninety days of the Commercial Production Day, if the Petroleum Agreement includes the provision of such payments.

  • All expenses relating to exploration and appraisal work undertaken in a Contract Area after the Commercial Production Day, and all expenses incurred in drilling, testing and completing development wells, and for construction of permanent facilities for the production, treatment, storage and transport of petroleum.

  • All other capital expenses related to Petroleum Operations under a Petroleum Agreement after the Commercial Production Day.

  • Any signature bonus shall be paid within thirty (30) days of the Effective Date and any production bonuses shall be paid within ninety (90) days of the Commercial Production Day, if the Petroleum Agreement includes the provision for such payments.

Related to Commercial Production Day

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Commercial Product means any such product as defined in FAR 2.101.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • pre-commercial procurement means the procurement of research and development services involving risk-benefit sharing under market conditions, and competitive development in phases, where there is a clear separation of the research and development services procured from the deployment of commercial volumes of end-products;

  • Approved Product means any water fitting, plumbing product, material or component which is the subject of an existing WRAS Approval;

  • Supply Period means for a Supply Point, the period beginning on the Start Date and ending on the Termination Date;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Commercial Launch means on a country-by-country basis, the first sale of a Product to a Third Party following Regulatory Approval of the Product in such country.

  • Reference biological product means the single biological product licensed pursuant to 42 U.S.C.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.

  • Hemp products means all products made from industrial hemp,

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • TARGET2 Day means a day that TARGET2 is open for the settlement of payments in euro.

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Tobacco product means any substance containing tobacco leaf, including but not limited to, cigarettes, cigars, pipe tobacco, hookah tobacco, snuff, chewing tobacco, dipping tobacco, bidis, blunts, clove cigarettes, or any other preparation of tobacco; and any product or formulation of matter containing biologically active amounts of nicotine that is manufactured, sold, offered for sale, or otherwise distributed with the expectation that the product or matter will be introduced into the human body by inhalation; but does not include any cessation product specifically approved by the U.S. Food and Drug Administration for use in treating nicotine or tobacco dependence.

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • iron ore concentrates means products (whether in pellet or other form) resulting from secondary processing but does not include metallised agglomerates;