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;

Commercial Production Period means period of 6 (six) months from the Commercial Production Date, extendable at the discretion of the Company.

Commercial Production Period means coal production period of minimum <nine> ‘Production years’ starting from the date of commencement of this period and

Examples of Commercial Production Period in a sentence

• In case the Successful Bidder/Contractor fails to complete the work successfully within the Commercial Production Period, the Contract shall be extended for completion of the balance quantity and during the extension period the penalty provisions will continue to operate as per the Contract but without payment of any escalation during the period of delay.

• It shall be the responsibility of the Successful Bidder/Contractor to complete the total quantity within the Commercial Production Period.

• 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.

• 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.

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.

Commercial Production Period means coal production period of minimum nine

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).

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.