First Commercial Production definition

First Commercial Production means initial production on a commercial basis of petroleum, natural gas and related hydrocarbons from the Arctic Resource;
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First Commercial Production means the first day, within any period not exceeding one hundred and twenty (120) days, when Commercial Production of Crude Oil has averaged no less than fifteen thousand (15,000) BOPD over ninety (90) days, or within three (3) Years from the approval of the Preliminary Development Plan, whichever is earlier. The 120 day period shall exclude any days when production may have been decreased pursuant to Articles 12.5(c), 12.5(d) or 12.5(e).
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First Commercial Production means the date on which the last of the following occurs:
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Examples of First Commercial Production in a sentence

  • During the […***…] period immediately following the First Commercial Production Date, RFM warrants to ST that the IC Design shall conform to the Specifications in all material respects.

  • First Commercial Production and the substantial completion of all activities under the Construction Contracts and payment of Project Costs occurred in April 2015, at which point, the PMA terminated, and the Operating Agreement between the Company and LLOG became effective.

  • Contractor shall commence payment to Petrobangla into a fund to be hereinafter referred to as the "Abandonment Fund" on the first anniversary of the First Commercial Production (hereinafter referred to as "Commencement of Payment into the Abandonment Fund").

  • It is expected that following First Commercial Production, cash distributions will be made monthly to Unitholders.

  • Pursuant to Article 19 of Petroleum Costs and Supplementary Costs shall start being charged as from the Effective Date, while Remuneration shall start being charged as from First Commercial Production.

  • With effect from the First Commercial Production Date, SIMFER S.A. and its Direct Sub- Contractors will be liable, for their activity relating to the Project, to pay any fees and customs Legislation in Force with the exception of what follows.

  • In the latter case, ROC shall defer consideration of the program for First Commercial Production and for extraction of Natural Gas Liquids for a holding period of up to three (3) Years, to allow ROC time to secure access to adequate offtake arrangements.

  • Subject to Section 9.1, neither BSGR nor Vale shall (and they shall each procure that none of their respective Affiliates shall) transfer any Securities until the second anniversary of the Date of First Commercial Production.

  • As from the First Commercial Production Date, SIMFER S.A. and its Direct Sub-Contractors participating directly in the implementation of the Project and to the extent of this participation will be liable for the payment, in respect of the activities contemplated in this Article, of any Tax listed in Article 28, and in accordance with the provisions of this Article, and the exemptions or adaptations provided for in Article 28 will also apply.

  • The United cc Modified Series reserves the right to refuse any protest if the protest is deemed unnecessary and/or is deemed to have been used for purposes of harassment.


More Definitions of First Commercial Production

First Commercial Production means the last day of the first thirty (30) consecutive days when a Net Gas Production Rate of no less than seventy (70) MMSCFD is produced and transferred to Transporter, but excluding any days on which a production test is performed for establishing Commercial Production.
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First Commercial Production means when a commercially viable copper cathode product has first been produced by the Process Plant.
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First Commercial Production means Commercial Production at the Net Dry Gas Production Rate, which shall be achieved by Contractor within three (3) Years from the approval date of the Preliminary Development Plan pursuant to Article 2.2 and Article 6, subject to Article 11.3.
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First Commercial Production has the meaning set out in the PSC. GAS FIELD has the meaning set out in the PSC.
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First Commercial Production means the last day of a consecutive ninety (90) day period of Commercial Production when a Net Production Rate of no less than thousand (X0,000) BOPD has been achieved, or within three (3) Years from the approval of the Preliminary Development Plan, whichever is earlier.
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First Commercial Production means the first day of the month in which Minerals from a Mine have been extracted and processed to yield Product for forty-five (45) consecutive days at a rate, averaged over such 45-day period, of not less than seventy percent (70%) of the average daily rate projected in the Bankable Feasibility Study pursuant to which such Mine is developed. The processing or shipping of bulk samples for testing purposes shall not be used for the purposes of establishing the First Commercial Production.
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Related to First Commercial 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);

  • 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.

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

  • 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;

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

  • Commercial project means any project, including, but not

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Cannabis production establishment agent means a cannabis cultivation facility

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Commercial Launch means the initial First Commercial Sale of a Product in the Territory.

  • Manufacturing means all activities related to the manufacture of a Compound, including planning, purchasing, manufacture, processing, compounding, storage, filling, packaging, waste disposal, labeling, leafleting, testing, quality assurance, sample retention, stability testing, release, dispatch and supply, as applicable.

  • 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.

  • DEVELOPMENTAL SERVICES means therapies, typically provided by a qualified professional using a treatment plan, that are intended to lessen deficiencies in normal age appropriate function. The therapies generally are meant to limit deficiencies related to injury or disease that have been present since birth. This is true even if the deficiency was detected during a later developmental stage. The deficiency may be the result of injury or disease during the developmental period. Developmental services are applied for sustained periods of time to promote acceleration in developmentally related functional capacity. This plan covers developmental services unless specifically listed as not covered.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Commercial driver s license" means:

  • commercial presence means any type of business or professional establishment, including through: (i) the constitution, acquisition or maintenance of a juridical person; or (ii) the creation or maintenance of a branch or a representative office; within the territory of a Party for the purpose of supplying a service;

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Development Services “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Service(s)(ing) In accordance with Regulation AB, the act of servicing and administering the Mortgage Loans or any other assets of the Trust by an entity that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

  • Commercial Service means water service provided by the water utility that the customer uses in the promotion of a business or business product that is a source of revenue or income to the customer or others using the premises.

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Agricultural production means the commercial production of food or fiber.

  • Project Management Plan means the portion of the Project Development Plan providing the information requested in Section 4.2 of Exhibit B to the ITP.