Date of Commercial Discovery definition

Date of Commercial Discovery means, the date when the Government approves a Commercial Discovery pursuant to Article 1.10.
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Date of Commercial Discovery means the date referred to in Article 8.12;
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Date of Commercial Discovery means the date when Contractor formally notifies the Director General, Petroleum Concessions in accordance with Article 5.4 hereof that a Commercial Discovery has been made.
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Examples of Date of Commercial Discovery in a sentence

  • The Director General shall notify Licensee of its option within ninety (90) days of the Date of Commercial Discovery.

  • The Director General shall notify Licensee of the State’s desire to utilize this option within ninety (90) days of the Date of Commercial Discovery.


More Definitions of Date of Commercial Discovery

Date of Commercial Discovery means the date of approval of the Appraisal Report;
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Date of Commercial Discovery means the date of approval of the Development Plan.
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Date of Commercial Discovery means the date when the DGPC approves a Commercial Discovery pursuant to Article 1.12.
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Related to Date of Commercial Discovery

  • Commercial Discovery means a Discovery of Petroleum reserves which has been declared as a Commercial Discovery in accordance with the provisions of Article 10 and/or Article 21.

  • Date of Commercial Operation or “COD” means

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • Date of commencement of the project means the date of the agreement.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Commercial driver s license" means:

  • Date of Completion with respect to a Project shall mean: (i) the date upon which such Project and all components thereof have been acquired or constructed and are capable of performing the functions for which they were intended, as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; or (ii) the date on which the Issuer determines, upon the recommendation of or in consultation with the Consulting Engineer, that it cannot complete such Project in a sound and economical manner within a reasonable period of time as evidenced by an Engineers’ Certificate filed with the Trustee and the Issuer; provided that in each case such certificate of the Consulting Engineer shall set forth the amount of all Costs of such Project which have theretofore been incurred, but which on the Date of Completion is or will be unpaid or unreimbursed.

  • Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Scheduled Commercial Operation Date shall have the meaning ascribed to it in Clause 5.4.1;

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Publication NPC-232 means the Ministry Publication NPC-232, "Sound Level Limits for Stationary Sources in Class 3 Areas (Rural)", October, 1995 as amended.

  • Clinical evaluation means a systematic and planned process to continuously generate, collect, analyse and assess the clinical data pertaining to a device in order to verify the safety and performance, including clinical benefits, of the device when used as intended by the manufacturer;

  • Practical examination means a demonstration through application of the safety rules and principles in industrial radiography including use of all procedures and equipment to be used by radiographic personnel.

  • Commercial Operation Date means the date on which a Material Project is substantially complete and commercially operable.

  • Reasonable Commercial Efforts means, with respect to the applicable obligation of the Company, reasonable commercial efforts for similarly situated, publicly-traded companies.

  • First Commercial Sale means the first sale for use or consumption of any Licensed Product in a country after all required Regulatory Approvals for commercial sale of such Licensed Product have been obtained in such country.

  • Techno-Commercial Bid means proposal submitted by the Bidder in accordance with Clause 8.15.1;

  • Price Index means the "Consumer Price Index" published by the Bureau of Labor Statistics of the U.S. Department of Labor, All Items. New York, N.Y.--Northeastern, N.J., all urban consumers (presently denominated "CPI-U"), or a successor or substitute index appropriately adjusted. (iii) the term "Price Index for the Base Year" shall mean the average of the monthly All Items Price Indexes for each of the 12 months of the Base Year.

  • Date of Practical Completion means the date certified in the QBCC Form 7 - Certificate of Practical Completion in accordance with Condition 28.

  • FDA Approval means with respect to the Product, a Regulatory Approval by the FDA for the commercial use of the Product in the United States.

  • Commence commercial operation means, with regard to a unit that serves a generator, to have begun to produce steam, gas, or other heated medium used to generate electricity for sale or use, including test generation subject to the following:

  • 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.

  • Commercial Operation Date (COD) means the date certified by the DISCOM’s committee upon successful commissioning (as per provisions of the PPA) of the project when all equipments as per rated capacity have been installed and energy has flown into the grid.

  • Billing Commencement Date means the earlier of:

  • Commercial domicile means the principal place from which the trade or business of the taxpayer is directed or managed.