Commercial Production Period definition

Commercial Production Period means in respect of each Development and Production Area the period from the Date of Commencement of Commercial Production until the termination of this Agreement or earlier relinquishment of such Development and Production Area;
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Commercial Production Period means period of 6 (six) months from the Commercial Production Date, extendable at the discretion of the Company.
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Commercial Production Period means coal production period of minimum <nine> ‘Production years’ starting from the date of commencement of this period and
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Examples of Commercial Production Period in a sentence

  • Table for Estimation of Present Value of Cash Outflow due to Production of Coal and Present Value of Guaranteed Coal Production during Commercial Production Period Rate of Discount = 8.97% (same as estimated in Para-A of ENCLOSURE-1) TABLE NO.

  • The fuel price increase beyond 15% shall be considered for escalation.The contract price will not be subject to variation in case the duration of the Commercial Production Period is extended by MBL due to reasons solely attributable to the contractor.


More Definitions of Commercial Production Period

Commercial Production Period means period of 3 (Three) years from the Commercial Production Date, renewable by a further period of 2 (two) years subject to requirement by MBL and satisfactory performance of the Successful Bidder, at the discretion of MBL.
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Commercial Production Period means period of seven (7) years from the date of Commercial Production Date
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Commercial Production Period means coal production period during which the successful bidder/ contractor will produce minimum guaranteed coal per annum by deploying Continuous Miner or Similar Equipment with Continuous Cutting Technology as per the production schedule of 1st to 9th Production years (as quoted in Clause 1.1 of this bid document against each production year).
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Commercial Production Period means coal production period of minimum nine
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Commercial Production Period means period of 5 (Five) years from the date of Commercial Production Date which may be extended at the discretion of MBL.
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Related to Commercial Production Period

  • 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.

  • Program Period means the period of time which the department intends to support the program without requiring the recompetition for funds. The program period is specified within the grant application.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;