First Commercial Production Date definition

First Commercial Production Date means the first day of ninety (90) days when the Adjusted Net Production Rate has averaged no less than ten thousand (10,000) BOE per day over any period not exceeding one hundred and twenty (120) days.
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First Commercial Production Date means has the meaning set forth in Exhibit D.
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First Commercial Production Date means the date starting from which the first iron ore production is exported for marketing for a period of more than 30 consecutive Days.
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Examples of First Commercial Production Date 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.

  • 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.

  • Invoices shall be submitted starting with the Quarter following the Quarter in which the First Commercial Production Date occurs.

  • In accordance with the provisions of Article 5 of the General Tax Code, the Mining Company shall be exempt from taxation on industrial and commercial profits (BIC) and the minimum flat-rate tax during the first five (5) years following actual start of mining defined as the First Commercial Production Date.

  • 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.

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


More Definitions of First Commercial Production Date

First Commercial Production Date means, for each Development Area, the first day of ninety (90) days when the Adjusted Net Dry Gas Production Rate or the Adjusted Net Oil Production Rate, as the case may be, has averaged no less than the Commercial Production Rate within any period not exceeding one hundred and twenty (120) days.
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Related to First Commercial Production Date

  • 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 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);

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

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

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

  • Commercial project means any project, including, but not

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

  • 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.

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

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

  • Cannabis production establishment agent means a cannabis cultivation facility

  • 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;

  • 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;

  • Supply Start Date means the date(s) specified in clause 2.8;

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • 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.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Commercial driver s license" means:

  • Ultra Low Sulfur Diesel Fuel means diesel fuel that has a sulfur content of no more than fifteen parts per million.

  • Commercial Operations Date or "COD": The date on which Facility first achieves Commercial Operations.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).

  • Alternative Diesel Fuel means any fuel used in a CI engine that is not commonly or commercially known, sold, or represented by the supplier as diesel fuel No. 1-D or No. 2-D, pursuant to the specifications in ASTM D975-81, “Standard Specification for Diesel Fuel Oils,” as modified in May 1982, which is incorporated herein by reference, or an alternative fuel, and does not require engine or fuel system modifications for the engine to operate, although minor modifications (e.g., recalibration of the engine fuel control) may enhance performance. Examples of alternative diesel fuels include, but are not limited to, biodiesel that does not meet the definition of CARB diesel fuel; Fischer-Tropsch fuels; emulsions of water in diesel fuel; and fuels with a fuel additive, unless:

  • 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.

  • 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;

  • Interconnection Activation Date means the date that the construction of the joint facility Interconnection arrangement has been completed, trunk groups have been established, joint trunk testing is completed and trunks have been mutually accepted by the Parties.