First Production Year definition

First Production Year shall be the [****].
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First Production Year means the one (1) year period of time commencing from and including the earlier of the final Deemed Commissioning Completion Date and the Final Commissioning Completion Date to and excluding the first anniversary of such date.
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First Production Year means the distance in kilometres between the Grower’s Contracted Hectares and the Factory by the shortest practicable route for a Vehicle as set out in Annexure “A” or as determined in accordance with any subsequent Annual Return Document completed in accordance with clause 7; means a declaration in the Annual Return Document in terms of which the Grower gives certain warranties in relation to the fields to be planted with sugar beet; means the first Production Year in which the Processor commences processing sugar beet at the Factory on a continuous basis;
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Examples of First Production Year in a sentence

  • In the event that the actual Royalty paid during the First Production Year or any subsequent Production Year is found to be less than Two Million Dollars ($2,000,000), Cheniere and CXY shall jointly pay to Crest, on the First Adjustment Date and each subsequent Adjustment Date, as applicable, in immediately available funds, an amount equal to Two Million Dollars ($2,000,000) less the actual Royalty paid for such First Production Year or subsequent Production Year, as applicable.

  • Within fifteen days after the 12 month anniversary of the first day of the First Production Month (such twelve-months collectively, the “First Production Year”), the parties will calculate the actual Royalty paid with respect to the First Production Year, and on every 12, month anniversary thereof (each an “Adjustment Date”), the actual Royalty paid for each subsequent twelve-month period (each a “Production Year.”), the Royalty paid for such Production Year.

  • Within fifteen days after the 12 month anniversary of the first day of the First Production Month (such twelve months collectively, the "First Production Year"), the parties will calculate the actual Royalty paid with respect to the First Production Year, and on every 12 month anniversary thereof (each an "Adjustment Date"), the actual Royalty paid for each subsequent twelve-month period (each a "Production Year"), the Royalty paid for such Production Year.

  • Upon completion of the First Production Year, the Quad Royalty on the Units Sold during the Ramp-Up Period and First Year of Production shall be calculated by multiplying the number of Units Sold prior to the end of the First Year of Production by the Actual Quad Rate.