Quarterly Production definition

Quarterly Production means the sum of all gross number of recovered ounces of Precious Metals and the recovered quantity of other Products in all shipments delivered to and paid for by a Processor during any Quarter, provided that if delivery and payment/credit are not made in the same Quarter, the Precious Metals and/or other Products shall be deemed to be part of Quarterly Production in the Quarter in which the later of delivery and payment/credit occurs;
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Quarterly Production means the number ounces of gold, the number of ounces of silver and the contained quantity of other Minerals in any shipment paid for or credited to the Return Entities by a Third Party Payor during any given Calendar Quarter.
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Quarterly Production has the meaning provided in Section 4.1;
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Examples of Quarterly Production in a sentence

  • Supplier will, no later than the fifth Business Day of each calendar quarter (each, a "Quarter"), provide to GM a rolling twelve (12)-month production forecast (the "Seller Quarterly Production Forecast") that is consistent with the Annual Production Forecast and identifies, among other things: (A) Supplier's total forecast production of the aggregate quantity of Product expected to be produced for the next four (4) Quarters; and (B) the shipping schedule for the next Quarter.

  • Reference is made to Exhibit E for an example of a Seller Quarterly Production Forecast.

  • Quarterly Production Evolution (boepd)4Q20193Q20192Q20191Q20194Q2018Colombia33,31131,57832,191a32,131a30,641aBrazil2,7992,2991,6931,9602,894Chile3,2923,3582,9522,9612,823Argentina2,3842,3842,3652,5052,383Total41,78639,61939,20139,55738,741Oil35,45633,69334,26134,35832,859Gas6,3305,9264,9405,1995,882a) Colombian production includes approximately 640 bopd, 765 bopd and 888 bopd during 2Q2019, 1Q2019 and 4Q2018, respectively, from the La Cuerva and Yamu blocks that were sold on July 1, 2019.

  • The Executive will participate “prorata” in the Quarterly Production Bonus Pool for Designated Senior Management if established.

  • Where the Return Entities receive any credit or payment for Quarterly Production from a Third Party Payor on a provisional basis, the amount of the Return payable shall be based on the gross number of ounces of gold or quantity of other Minerals credited by such provisional settlement, but shall be adjusted as between the Payor and the Payee to account for the quantity of gold or other Minerals established by final settlement with the Third Party Payor.

  • Table 1: Quarterly Production (units: bo – barrels of oil) CORPORATE BOARD MEASURES TO MANAGE CASH RESERVES The Board has extended the issue of shares in Sun to the Directors in lieu of cash payments for Directors’ Fees for the first six months from 1 January 2015.

  • QDEX data for individual fields can be compared with Quarterly Production Reports released by ASX-listed Origin Energy and Santos, generally where comparisons can be made the variance is usually within 10%.

  • As further compensation for the Loan, Covol and the Lender entered into that certain Net Quarterly Production Royalty Payment Agreement dated as of March 20, 1998 (the "Royalty Agreement') whereby Covol agreed to pay certain additional contingent payments to Lender.

  • If the payment of the Return in respect of any Quarterly Production is not made within the time set out in Section 2(b) of this Agreement, the Payee may give the Payor written notice of such default.

  • Commencing on the date hereof and thereafter during the Term hereof, not later than seven (7) Working Days prior to the beginning of each Month, Purchaser shall provide Manufacturer a non-binding three (3) Month forecast containing Purchaser's reasonably best estimate of the Monthly volume of Product Purchaser will require, but not in excess of the Quarterly Production Capacity.


More Definitions of Quarterly Production

Quarterly Production means the gross amount of Products contained in the Production from the Mineral Property which were delivered and paid for (including any provisional payment) by a Processor or Offtaker during the preceding calendar quarter;
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Quarterly Production means with respect to the amount of silver, zinc, lead or other Product produced in any calendar quarter, the aggregate of the gross number of (i) ounces of silver, (ii) pounds of zinc, (iii) pounds of lead, plus (iv) other measure that is the market norm for any other Product, in each case beneficiated by the Grantor or credited by a Processor during that calendar quarter, as evidenced by (if applicable) a metals return statement received from the Processor with respect to such Product, provided that if delivery and payment are not made in the same calendar quarter, the Products shall be deemed to be part of the Quarterly Production in the calendar quarter in which payment or credit occurs.
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Related to Quarterly Production

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Royalty Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Calendar Quarter means the respective periods of three (3) consecutive calendar months ending on March 31, June 30, September 30 and December 31.

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Calendar Week means any period of seven days starting with the same day as the first day of the First Assignment;

  • Quarterly (1/Quarter) sampling frequency means the sampling shall be done in the months of March, June, August, and December, unless specifically identified otherwise in the Effluent Limitations and Monitoring Requirements table.

  • Quarter means, unless the context requires otherwise, a fiscal quarter of the Partnership, or, with respect to the fiscal quarter of the Partnership which includes the Closing Date, the portion of such fiscal quarter after the Closing Date.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Production Period is the period that for winter cereal advances commences October 1, 2021 and terminates September 30, 2023; for advances on all other field crops, honey, hogs, goats, sheep and lambs commences April 1, 2022 and terminates September 30, 2023; and for advances on cattle, continuous flow cattle, and bison commences on April 1, 2022 and terminates on March 31, 2024.

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Net Sales means [***].

  • End product means those articles, materials, and supplies to be acquired under the contract for public use.

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Quarterly reporting period means the three-month period covered by each

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Forecast GDP means the average forecast for British Columbia’s real GDP growth made by the Economic Forecast Council and as reported in the annual February budget of the government;

  • Bundled Product means Product sold together with any other product(s) or service(s) at a single unit price, whether packaged together or separately, and which other product(s) or service(s) have material independent value from Product itself.

  • Project Year means the twelve-month period beginning from the Effective Date and ending twelve months thereafter (the First Project Year), and any twelve-month period beginning at the end of the First Project Year, or the end of subsequent Project Years;