Phase I Performance Test definition

Phase I Performance Test means for a period of at least 72 uninterrupted hours, TransContinental's refinery has sustained (i) an average feedstock throughput level of at least 150,000 barrels per day and (ii) no net production of vacuum tower bottoms when using as input a combined feedstock slate with an average API Gravity of 22 degrees or less.
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Phase I Performance Test is hereby added to the Original Indenture to read in its entirety as follows:
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Phase I Performance Test is hereby added to the TARC Intercompany Loan to read in its entirety as follows:
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Examples of Phase I Performance Test in a sentence

  • Prior to the Phase I Performance Test, Contractor shall arrange for a third party to independently monitor the stack emissions with a certified test instrument set in parallel with the continuous emission monitoring system (CEMS).

  • The Project shall meet the Phase I Performance Requirements described in Sections 8.1.1.1 through 8.1.1.3 when tested pursuant to a Completed Phase I Performance Test performed in accordance with the requirements of Appendix C and the other provisions of this Agreement and Applicable Legal Requirements.

  • A final Completed Phase I Performance Test report must be delivered to Owner in accordance with Appendix C.

  • As soon as practicable, but in any event within 10 Business Days after receipt of Notice by Owner and the Owner Engineer, Owner shall give Notice to Contractor either concurring with, indication it cannot confirm concurrence, or rejecting the Completed Phase I Performance Test report and stating its reasons for such Notice, as the case may be.

  • Contractor shall satisfy criteria defined in Table C.1, which summarizes the minimum acceptable performance and scaled performance over the equipment load range during the Phase I Performance Test (“Phase I Performance Requirements”).

  • Contractor shall provide to Owner final laboratory results promptly upon receipt, but in no case later than thirty (30) days after the Completed Phase I Performance Test.

  • Subject to Article 17, if Contractor’s Notice of a Completed Phase I Performance Test is rejected by Owner, such test shall not constitute a Completed Phase I Performance Test.


More Definitions of Phase I Performance Test

Phase I Performance Test is hereby added to the TransTexas Intercompany Loan Agreement to read in its entirety as follows:
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Phase I Performance Test means, for a period of at least 72 uninterrupted hours, the Refinery has simultaneously averaged (i) at least 150,000 barrels per day Crude Unit throughput while processing a combined feedstock slate with an API gravity of 22 degrees or less, (ii) vacuum tower operations at rates equivalent to 100% of the Crude Unit bottoms yield, (iii) Delayed Coking Unit operations at rates equivalent to 100% of the vacuum tower bottoms yield, (iv) operation of the HDS Unit at a rate of 60,000 barrels per day, and (v) operation of the sulfur recovery system, including the Claus Units and tailgas treater, at levels sufficient to preclude flaring or hydrogen sulfide.
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Related to Phase I Performance Test

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Performance Tests means the tests to be conducted on the equipment at site for checking the performance parameters of the equipment as defined in Technical Specification.

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Performance Monitoring System has the meaning given to it in paragraph 1.1.2 in Part B of Schedule 6 (Service Levels, Service Credits and Performance Monitoring);

  • Commissioning test means tests applied to the Generating Facility, after completion of the construction of the Generating Facility, in order to verify that the Generating Facility may be released for Operation.

  • Subproject means a specific activity carried out under Part 1 of the Project, financed or proposed to be financed through a Subproject Loan (as hereinafter defined).

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Project Milestones means the project milestones set forth in Schedule-G;

  • performance requirement means a requirement that:

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.