Date of Commencement of Commercial Production definition

Date of Commencement of Commercial Production means, in respect of each Development and Production Area, the date on which production of Petroleum under a program of regular production, lifting and sale commences;

Date of Commencement of Commercial Production means the first day of the calendar quarter after the calendar quarter in which Commercial production first occurs.

Date of Commencement of Commercial Production means the first day of the calendar quarter after the calendar quarter in which Commercial Production first occurs.

Examples of Date of Commencement of Commercial Production in a sentence

• Similarly, the Parties mutually recognize the desire to reach a production level of 400,000 tonnes per year of copper with associated cobalt in the eleventh year following the Date of Commencement of Commercial Production.

• Within 90 days following the Date of Commencement of Commercial Production, a feasibility study will be started for an expansion of the Revised Project mine and processing facilities.

• The Parties mutually recognize the desire to reach a production level of 130,000 tonnes per year of copper with associated cobalt, subject to feasibility study considerations, at the end of the fifth year following the Date of Commencement of Commercial Production.

• The amount of Crude Oil extracted from the Oil Field within the Contract Area from the date of the approval of the Overall Development Program to the Date of Commencement of Commercial Production shall be allocated in accordance with Article 13.2 herein.

• The Parties agree that at the end of the fifth Year from the Date of Commencement of Commercial Production, the Contractor shall have replaced all its foreign personnel by Peruvian personnel with equivalent professional qualifications.

More Definitions of Date of Commencement of Commercial Production

Date of Commencement of Commercial Production means the date after Completion which is the first day of the first three month period (whether calendar months or otherwise) during which period the average rate of production at the Mine is at least 400 tonnes per day (with production calculated on the basis of mined material processed through the plant);

Date of Commencement of Commercial Production means the first day of the calendar quarter after that quarter in which the cumulative Minerals production equals twenty percent (20.0%) of the Project’s constructed initial annual design capacity as shown in the Feasibility Study.

Date of Commencement of Commercial Production means the date of commencement and delivery of the production of CBM from any CBM Field proposed and announced by JMC in accordance with the provisions in Article 7.2.5 hereof.

Date of Commencement of Commercial Production means the date of commencement of the production period for Crude Oil and/or Natural Gas from any Oil Field and/or Gas Field announced by JMC in accordance with the provisions of Article 7.2.5 hereof after the completion of the Development Operations as provided for in the approved Overall Development Program for the said Oil Field and/or Gas Field, and after approval by CNPC.

Date of Commencement of Commercial Production means the date on which the industrial undertaking starts commercial production, as certified by the Department of Industries and Commerce Jammu and Kashmir;

Date of Commencement of Commercial Production means the date upon which the Mining facility comprising the Revised Project constructed during Phase 3 of the Project, as defined in article 5 of the Amended and Restated Mining Convention, first achieves 90% of the designed rate of production of Products, for a period of 3 consecutive months. Such date to be notified to the Shareholders by the Managing Director, but no later than 180 days after the date of the first shipment of Product, it being understood that all monthly production will be shipped.

Date of Commencement of Commercial Production or “Commencement of Commercial Production” refers to the date of written declaration by the Contractor to start commercial operations after the conduct of Test Run, including Debugging, and its approval by the Regional Office concerned.