Stable Production definition

Stable Production means when the Project reaches a stable production of the Product, i.e., (a) after obtaining all licenses and permits required to produce and market the Product, and (b) upon reaching a stable production output equivalent to at least sixty-five percent (65%) of the nameplate capacity of the Project for a minimum sixty (60) consecutive days.
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Stable Production means in respect of each of Neves Phase 1 and Neves Phase 2, when the Seller (a) obtains all licenses and permits required to produce and market the Product and (b) reaches a stable production output equivalent to at [●] of the nameplate capacity for the relevant Project phase [●].
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Stable Production means the receipt of PPAP (Production Part Approval Process) approved material on time for use by personnel trained In the execution of relevant assignments in accordance with the relevant LOTUS’ processes with all necessary equipment in place and fully functional and where the resulting Product meets the agreed quality standards on a right first time basis within the parameters of current LOTUS Elise production.
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Examples of Stable Production in a sentence

  • Stable Production via Innovative Technologies Capacity：30,000heads/3t/day GGN: 4063061345899 Started operations in 2018.

  • If the Seller is not able to reach a Stable Production after such twelve (12) months postponement, the Buyer is entitled to terminate this Agreement and the Seller shall return to the Buyer all the Pre-payment received within twenty (20) Business Days plus interest incurred during the corresponding period (for the avoidance of doubt, from the date of receipt of the Pre-payment) calculated at the rate of [●].

  • If, for any reason, the Seller cannot reach a Stable Production to such date, the Seller shall be entitled to postpone and adjust the Shipment Schedule accordingly, provided that the Seller informs about such postponement with at least three (3) months in advance and such postponement does not exceed twelve (12) months.

  • If, for any reason, the Seller cannot reach a Stable Production to such date, the Seller shall be entitled to postpone and adjust the Shipment Schedule accordingly (only to the extent to reflect such delay), provided that the Seller informs about such postponement with at least three (3) months in advance and such postponement does not exceed twelve (12) months.

  • Such postponement will be considered permitted postponement by the Parties and will not constitute a breach or require any remediation under this Agreement, except that the interest rate applicable to the Pre-payment since [●] to the corresponding date the Stable Production is reached will be [●].

  • The Parties acknowledge and agree that the Project is expected to reach a Stable Production for N▇▇▇▇ Phase 1 by [●] (“N▇▇▇▇ Phase 1 Expected Stable Production Date”) and that the shipment for the Spot Sale from N▇▇▇▇ Phase 1 shall take place between [●] (as may be postponed by the Seller in accordance with Clause 6.2.2, the “Limit Date”).

  • If the Buyer also believes that, after the Stable Production is reached, there will be a Product Incompatibility since the first Shipment, the Buyer may notify Seller with the evidence showing that it has reasonable grounds to believe that there will be a Product Incompatibility before the first Shipment occurs.


More Definitions of Stable Production

Stable Production means in respect of each of N▇▇▇▇ Phase 1 and N▇▇▇▇ Phase 2, when the Seller (a) obtains all licenses and permits required to produce and market the Product and (b) reaches a stable production output equivalent to at [●] of the nameplate capacity for the relevant Project phase [●].
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