Initial Production Date definition

Initial Production Date means the date of first production of Shipper’s Oil from a well pad connected to an additional Receipt Point described in a Construction Notice.

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Initial Production Date means, for each LNG Train, the first Day that LNG is produced by such LNG Train and delivered to an LNG storage tank during the commissioning and start-up of such LNG Train under this Agreement.

Initial Production Date means that date subsequent to the date hereof on which Purchaser, or any other Person, first (i) removes from the Site any Subject Ore, (ii) engages in any beneficiation or processing activities with respect to any Subject Ore, or (iii) stockpiles or otherwise moves about the Site more than Five Hundred Thousand (500,000) tons of any Subject Ore, other than stockpiling or moving Subject Ore about the Site for the sole purpose of remediating the release or threatened release of Hazardous Substances at the Site that pose a danger to health or the environment.

Examples of Initial Production Date in a sentence

There shall not be a Minimum Annual Production in the sixth (6th) year following the Initial Production Date (“Year 6”) if GBO has not sold the minimum aggregate volume.
Discussions regarding any possible extension of the Term shall begin on the fourth (4th) anniversary of the Initial Production Date.
Should the Manufacturer be able to produce more than the Minimum Volume at any time after the Initial Production Date, the Manufacturer shall inform the Company by providing a six month notice period and the Company hereby commits to purchase said volume, which shall be the new the Minimum Volume, when said volume is available.
Notwithstanding the foregoing, Manufacturer shall use its best efforts to produce up to [***] of the Product per annum commencing on or before the [***] of the Initial Production Date.
Notwithstanding the foregoing, the Manufacturer shall produce the Minimum Volume set forth on Schedule 4 hereof commencing on the Initial Production Date.
Within twenty (20) days of the Initial Production Date or a Post-Closing Transfer, Purchaser shall notify Seller and obtain from Seller wire instructions for the Post-Closing Payment.
As additional consideration, Purchaser shall pay to Seller Six Million United States Dollars (U.S. $6,000,000) (the “Post-Closing Payment”) within thirty (30) days after the Initial Production Date.
For the purposes of this Agreement, the Initial Production Date shall be defined as fourth quarter of 2010 based upon the calendar year.
Contractor shall promptly notify Owner if for any reason the proposed Initial Production Date for Stage II is expected to occur after such date.
The LCs shall be arranged during the months of May and June each year for the upcoming Year except that the LCs for the first Year shall be issued within 60 days after the Initial Production Date and shall be for an Annual Minimum Amount which is prorated from the Initial Production Date to the next 30th day of June; provided that Seller shall not be obligated to ship any Potash until the initial LC shall have been issued.

More Definitions of Initial Production Date

Initial Production Date means, unless otherwise mutually agreed by the Borrower and the Lender, the date of the first sale of production from the Subject Interests.

Initial Production Date means the date of first production of Gas from a well pad connected to an additional Connection Point described in a Construction Notice.

Initial Production Date means that date upon which Seller will have produced and sold an aggregate amount of 100,000 tonnes of Potash in a 45 consecutive day period, but in no event shall the Initial Production Date be later than the Long Stop Date provided that such Initial Production Date shall only be effective if the Seller shall have advised the Buyer of the Initial Production Date not less than three (3) months in advance of such Initial Production Date;

Initial Production Date means the date that first production from the First Well is saved and sold.