Expected Production definition

Expected Production means, for any period of determination, expected production of proved, developed producing reserves of Petroleum Substances of the Borrower and its Subsidiaries, net of royalties, as described in the Borrower’s most recent Engineering Report (as such Expected Production is updated from time to time by a board of director approved forecast, such forecast to be acceptable to the Majority of the Lenders, acting reasonably), as adjusted for acquisitions and Dispositions for such year.
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Expected Production means, for each twenty-four month period occurring after the second anniversary of the Effective Date, KWHs projected to be produced by the System for that future period based on the Estimated Contract Year 1 Production and Estimated Annual Degradation factor set forth in Schedule 2 hereof.
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Expected Production means, for each Guarantee Period, the kWh projected to be produced by the System for that future period based on the Estimated Production set forth in Schedule 6 hereof.
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Examples of Expected Production in a sentence

  • To the extent that the Solar Array Design and / or the SEF Expected Production are adjusted after the Effective Date of this Agreement, such adjustments shall be approved by the Client and if they are different to the details specified in Schedule #2, the Contract Sum will be adjusted to ensure the Client’s expected economic benefit as at the Effective Date of this Agreement remains unaffected by the changes to the Solar Array Design and / or the SEF Expected Production.

  • To the extent that the Solar PV System Design and/or the Solar PV System Expected Production are adjusted after the Effective Date of this Agreement, such adjustments shall be approved by Client and, if they are different from the details specified in Schedule #2, the Contract Sum will be adjusted to ensure Client’s Expected Economic Benefit as at the Effective Date of this Agreement remains unaffected by the changes to the Solar PV System Design and/or the Solar PV System Expected Production.

  • In such event, the Parties agree that Solar System Size, Estimated Year 1 Production and Expected Production set forth in Schedule 2 and the Purchase Option Fee set forth for each year in Schedule 4 shall automatically be reduced by a percentage equal to the percentage reduction in the size of the System.

  • Should the final electrical design affect projected Solar PV System production, the production report will be updated to reflect those changes on Solar PV System Expected Production; if such Solar PV System Expected Production is negatively impacted, the Contract Sum will be adjusted to ensure that Client’s expected economic benefit (the “Expected Economic Benefit”) as of the Effective Date of this Agreement remains unaffected by those Solar PV System Expected Production changes.

  • Table 2.7 Expected Production Rates Single HeadingsThe 41 underground potential mineable resources would be mined once the 41 open pit is complete.

  • Expected Production 40,000 pounds Disaster Level/Guarantee 20,000 pounds Actual Production 11,000 poundsQualifying Loss 9,000 pounds If the county has an approved average market price for processed sweet cherries, the 9,000-pound qualifying loss on the unit must be paid at the approved average market price established for processed cherries because more than 50 percent of the unit’s harvested production was marketed or marketable as processed sweet cherries.

  • The unit cost and gross margin percentage for part 24Z2 based on the traditional cost system are computed as follows:Schedule A Expected Production in Units: 2,000 Unit Cost and Gross Margin %Total CostCost Per UnitDirect material$5,000$2.50Direct labor$1,000$0.50Overhead $4,000 $2.00Total cost $10,000 $5.00Sales Price: $7.50Gross margin $2.50Gross margin % 33.30% The management of O'Sullivan decided to examine the effectiveness of their traditional costing system versus an activity based costing system.

  • Expected Production Levels These levels can be increased by more than one alternative; all the alternatives will be compared and assessed by using the Cost-Benefit Analysis.

  • Table 2.3 Expected Production Rates Single Headings The 41 underground potential mineable resources would be mined once the 41 open pit is complete.

  • Figure 6.2 Performance statistics for plant A Definition of Terms Used Line Efficiency - Actual Production Output/ Expected Production Output.

Related to Expected Production

  • Restricted Products means any product, device, equipment or machinery researched into, developed, manufactured, supplied, marketed, distributed or sold by the Company and with which the duties of the Executive were materially concerned or for which he was responsible during the Relevant Period, or any products, equipment or machinery of the same type or materially similar to those products, equipment or machinery;

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • 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.

  • 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);

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Proved Developed Producing Reserves means Proved Reserves which are categorized as both “Developed” and “Producing” in the Definitions, “Proved Developed Nonproducing Reserves” means Proved Reserves which are categorized as both “Developed” and “Nonproducing” in the Definitions, and “Proved Undeveloped Reserves” means Proved Reserves which are categorized as “Undeveloped” in the Definitions.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Production Burdens means any royalties (including lessor’s royalties), overriding royalties, production payments, net profit interests or other similar interests that constitute a burden on, and are measured by or are payable out of, the production of Hydrocarbons or the proceeds realized from the sale or other disposition thereof (including any amounts payable to publicly traded royalty trusts), but excluding Taxes and assessments of Governmental Entities.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Covered Product The consumer product that You purchased concurrently with and is covered by this Agreement.

  • Covered Products means Your Applications, Libraries, Passes, Safari Extensions, Safari Push Notifications, and/or FPS implementations developed under this Agreement.

  • Supply Business means the licensed business of the Licensee and anyaffiliate or related undertaking of the Licensee as a Supplier but shall not include the business carried out by the Board in its capacity as public electricity supplier;

  • Product Group or “the Group” means a group of lotteries that has joined together to offer a product pursuant to the terms of the Multi-State Lottery Agreement and the Product Group’s own rules.

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.

  • Cannabis production establishment agent means a cannabis cultivation facility

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Bundled Product means Product sold together with any other product(s) or service(s) at a single unit price, whether packaged together or separately, and which other product(s) or service(s) have material independent value from Product itself.

  • Terminated Product has the meaning set forth in Section 11.3.1.

  • regulated product means a consumer product for which a VOC standard is specified in section 94509(a), and

  • Reformulated Products means Products that contain concentrations less than or equal to 0.1% (1,000 parts per million (ppm)) of DEHP when analyzed pursuant to U.S. Environmental Protection Agency testing methodologies 3580A and 8270C or other methodology utilized by federal or state government agencies for the purpose of determining the phthalate content in a solid substance.