Expected Annual Production definition

Expected Annual Production or “Average Annual Production” means the expected average annual production of the Facility as determined by a CT Licensed Professional Engineer;
Expected Annual Production means the economic production from a mine for each future year as estimated by an analysis of the life-of-mine mining plan for the property.
Expected Annual Production means the future economic production of an oil and gas property as estimated by the Property Tax Division using decline curve analysis. Expected annual production does not include production used on the same well, lease, or unit for the purpose of repressuring or pressure maintenance.

Examples of Expected Annual Production in a sentence

  • The following chart specifies the Expected Annual Production from the Generating Facility as well as the Annual Production Level at 90% and the cumulative output guarantee.

  • If after any Performance Test the Project Capacity is less than the Expected Capacity of the Project, but greater than the Minimum Project Capacity, then the Expected Annual Production, Minimum Expected Annual Production and Maximum Expected Annual Production for each Contract Year of the remaining Contract Term may with the consent of PPUC in its sole discretion, be adjusted, and in proportion to the ratio of the Project Capacity to the Expected Capacity of the Project.

  • Seller shall not modify any of the key design specifications of any Facility detailed in Appendix A, including any change to a Facility or its design that would change the Expected Capacity of such Facility or the Minimum Expected Annual Production, Expected Annual Production or Maximum Expected Annual Production of the Project, without the prior written consent of PPUC.

  • Seller warrants that the Annual Electric Energy Delivered in any Contract Year will be equal to or greater than the Minimum Expected Annual Production for that Contract Year as set forth in Schedule 5.

  • If after any Performance Test, the Capacity of the Wind Facility is less than the Expected Capacity of such Facility, but greater than the Minimum Facility Capacity, then the Expected Annual Production for each Contract Year of the remaining Contract Term shall be adjusted in proportion to the ratio of the actual Facility Capacity to the previous Expected Facility Capacity.

  • The System Metrics; Expected Annual Production; Monthly generation and performance Ratio table; Shadow analysis; Irradiance Map; Solar Access Map; System Production Losses and Environmental Impacts are some of the simulated data.

  • Notwithstanding any other provision of this Agreement, PPUC shall have no obligation to purchase or accept, any Electric Energy at the Delivery Point for any Facility in excess of the Maximum Expected Annual Production of such Facility, as set forth in Schedule 5.

  • It was therefore RESOLVED - that the recommendations of theMembers’ Remuneration Independent Review Panel be endorsed.

  • All Solar: Statewide Distributed Solar Expected Annual Production Supported by NYSERDA (MWh) Notes: NYPA Customers and LIPA Service Territory represents incentive funding supported with proceeds under the Regional Greenhouse Gas Initiative (RGGI).The megawatt-hours included in Table 6 are estimated amounts based on a statewide capacity factor.

  • To the extent that Seller does not meet their obligations under Section 5.8.2 Seller shall pay PPUC for the amount of Electric Energy not delivered for that Contract Year, calculated by subtracting the Annual Electric Energy Production from the Minimum Expected Annual Production, and multiplying this difference by the Product Price for that Contract Year, as set forth in Schedule 6.


More Definitions of Expected Annual Production

Expected Annual Production means, with respect to any Contract Year, the Electric Energy set forth on Schedule 5, adjusted from time to time as provided in Article 4 or Article 6.
Expected Annual Production means the economic (a) actual sales of like mineral by the taxpayer; production from a mine for each future year as estimated by an (b) actual sales of like mineral by other taxpayers; or analysis of the life-of-mine mining plan for the property. (c) posted prices of like mineral; or
Expected Annual Production means the expected production from the Contract Amount for each Contract Year as set forth in Exhibit B.
Expected Annual Production means, with respect to any Contract Year, the Electric Energy set forth on Schedule 5, adjusted from time to time as provided in Clause 5 or Clause 7.
Expected Annual Production means the base case forecasted production:

Related to Expected Annual Production

  • 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);

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarially equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or qualified joint and survivor annuity) to which the Member would be entitled under the terms of the plan assuming:

  • 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.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Commencement of Commercial Production means: (i) if a mill is located on the Property, the last day of a period of 40 consecutive days in which, for not less than 30 days, the mill processed ore from the Property at 60% of its rated concentrating capacity; or (ii) if a mill is not located on the Property, the last day of a period of 30 consecutive days during which ore has been shipped from the Property on a reasonably regular basis for the purpose of earning revenues, but any period of time during which ore or concentrate is shipped from the Property for testing purposes, or during which milling operations are undertaken as initial tune-up, shall not be taken into account in determining the date of Commencement of Commercial Production;

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Supply Period means the period commencing on the Supply Period Start Date and terminating on the Termination Date.

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

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

  • 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.

  • Gas Year means the period of 365 or 366 Gas Days, as the case may be, beginning at October 1st at 06:00 hours (Belgian time) and ending at September 30th 06:00 hours (Belgian time) of the next year.

  • Phase I Trial means a Clinical Trial, the principal purpose of which is preliminary determination of safety of an investigational product in healthy individuals or patients or that otherwise meets the requirements described in 21 C.F.R. §312.21(a), or similar Clinical Trial in a country other than the United States.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Phase I Clinical Study means a human clinical study of a product, the principal purpose of which is a preliminary determination of safety in healthy individuals or patients, as described in 21 C.F.R. 312.21(a).

  • Phase III Clinical Study means a trial involving administration of a Compound to sufficient numbers of human patients with the goal of establishing that the Compound is safe and efficacious for its intended use, to define warnings, precautions and adverse reactions that are associated with the drug or label expansion of such Compound, and to be considered as a pivotal study for submission of an NDA.

  • Phase III Trial means a Clinical Trial of an investigational product in subjects that incorporates accepted endpoints for confirmation of statistical significance of efficacy and safety with the aim to generate data and results that can be submitted to obtain Regulatory Approval as described in 21 C.F.R. 312.21(c), or a comparable Clinical Trial prescribed by the relevant Regulatory Authority in a country other than the United States.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Phase III Study means a human clinical trial that is prospectively designed to demonstrate statistically whether a product is safe and effective for use in humans in a manner sufficient to obtain regulatory approval to market such product in patients having the disease or condition being studied as described in 21 C.F.R. § 312.21(c) (FDCA), as amended from time to time, and the foreign equivalent thereof.

  • Phase I Study means a study in humans which provides for the first introduction into humans of a product, conducted in healthy volunteers or patients to obtain information on product safety, tolerability, pharmacological activity or pharmacokinetics, as more fully defined in 21 C.F.R. § 312.21(a) (or the non-United States equivalent thereof).

  • 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.

  • Development Period means the period from the date of this Agreement until the Appointed Date;

  • Commercial project means any project, including, but not

  • Net Sales means [***].