Production Decision definition

Production Decision means a decision by the Management Committee to commence Development and put the Properties into production.

Production Decision has the meaning assigned to it in Subsection 7.04.

Production Decision means a decision by the Board to commence Development of a mine for the Properties in accordance with the Feasibility Study. (ccc)

Examples of Production Decision in a sentence

• Under the SCJV agreement, Teck is required to make three cash milestone payments to the Company: (i) $20 million upon entering into the agreement (received), (ii) $20 million upon a Production Decision approving mine construction, and (iii) $20 million upon completion of construction of mine facilities.

• Additional decision points with appropriate criteria may also be established for subsequent low rate production commitments that occur prior to OT&E and a Full-Rate Production Decision.

• The phase encompasses several activities and events: LRIP, Limited Deployment, OT&E, and the Full-Rate Production Decision or the Full Deployment Decision followed by full-rate production or full deployment.

• A Full Rate Production Decision Review is required before the program can pass into full rate production.

• Under the SCJV agreement, Teck is required to make three cash milestone payments to the Company: (i)$20 million upon entering into the agreement (received), (ii) $20 million upon a Production Decision approving mine construction, and (iii) $20 million upon completion of construction of mine facilities.

More Definitions of Production Decision

Production Decision has the meaning assigned to it in Section 4.3(c).

Production Decision means the decision by the Board regarding whether to proceed with a Development program to achieve Commercial Production on the basis of a Feasibility Report on one or more of the Properties.

Production Decision means a decision made by the Management Committee to establish and bring into production a mine on the Premises substantially in accordance with a Feasibility Study;

Production Decision a decision by the Board of Directors of BXXX, or of the parent company of BXXX, to construct a mine and related facilities for the production of Mineral Products at a location anywhere on the Properties.

Production Decision means a decision made in good faith by Kennecott, subject to Force Majeure and to the accuracy of the assumptions or forecasts on which the decision is based, to bring a Development Property into commercial production.

Production Decision has the meaning assigned to it in Subsections 8.8(b) and 8.8(d).

Production Decision means a decision and authorization by USMX's Board of Directors, made after completion of a Feasibility Report, to put a Lease into Commercial Production in accordance with the results of the Feasibility Report and study. A Production Decision shall be effective when Notice thereof has been delivered to NPMC.