Production Decision definition

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

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

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

Examples of Production Decision in a sentence

The Back- in Right will be a one-time right, exercisable at any time on or after the completion and delivery of a Feasibility Study to the Management Committee, but prior to the expiry of ninety (90) days following the Commercial Production Decision Date.
The Board shall meet within 120 days of receiving a Feasibility Study to decide whether to make a Production Decision.
The Note shall have a three-year term, and the amount of principal owing under the Note shall bear interest as follows: (a) five percent (5%) until the board of directors of the Company makes a Commercial Production Decision with regard to the Churchrock Project; and (b) ten percent (10%) thereafter.
If the Board makes a Production Decision, it shall then instruct the General Manager to prepare an overall Program and Budget consistent with the Feasibility Study for all Operations through to the end of Development.
Within ten (10) days after USMX has obtained all Approvals and has made a Production Decision as to the Lease covered by the Feasibility Report, whichever occurs later, USMX shall so Notify NPMC in writing.

More Definitions of Production Decision

Production Decision has the meaning specified in Section 3.2(a).

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

Production Decision means a decision to prepare a Production Program pursuant to section 9.1;

Production Decision means the approval by the Management Committee of a Work Program and Budget in accordance with the OJV Agreement that shall include the entering into of Commercial Production activities or the development of a Mine Complex.

Production Decision a decision by the Board of Directors of B▇▇▇, or of the parent company of B▇▇▇, 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 of the board of directors of the OPTION HOLDERto establish and bring into production and operation a mine on the Property substantially in accordance with the Bankable Feasibility Study;

Production Decision means a decision to prepare Production Program pursuant to section 9.1;