Initial Commercial Production definition

Initial Commercial Production means the date on which the first regular shipment of Crude oil or Natural Gas, or both, is made under a program of regular production and sale.
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Initial Commercial Production means the first date upon which regular production of Crude Oil from the first Development Area is transported from such Development Area for the purpose of sale, export, or processing at a refinery.
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Initial Commercial Production means production from the reference well has become stable and is being delivered and sold to customers on a regular basis.
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Examples of Initial Commercial Production in a sentence

  • No later than sixty (60) Days prior to the Date of Initial Commercial Production and thereafter before the beginning of each Calendar Quarter, Contractor shall present a production forecast to Staatsolie.

  • If Crude Oil available to the Government and Staatsolie pursuant to Sub-Article 20.1 is insufficient for fulfilling the Domestic Supply Requirement, at any time, at least twelve (12) Calendar Months after the Date of Initial Commercial Production, Staatsolie may request in writing that Contractor make available a quantity of Crude Oil to which Contractor is entitled hereunder.

  • Not later than one-hundred and twenty (120) Days or any longer period to be mutually agreed by Parties prior to the anticipated Date of Initial Commercial Production, the Parties shall enter into supplementary contracts concerning Crude Oil transfer of title, lifting procedures and delivery, lifting and tanker schedules, loading conditions, Crude Oil metering, statistics and classification of the lifting responsibility.

  • At a reasonable time prior to the commencement of Initial Commercial Production, the CONTRACTOR shall submit for consideration of the DEPARTMENT a procedure for scheduling tanker liftings from the agreed upon point(s) of export and shall negotiate with the DEPARTMENT acceptable provisions relating to underlifting and overlifting of production.

  • In addition to serving as Chair of the Board, John is a member of the Company’s Audit, Compliance and Risk Management Committee and Nomination and Remuneration Committee.

  • Belize Natural Energy is therefore the only entity which had Initial Commercial Production.

  • The Jama’are River is uncontrolled as plans to construct a dam at Kafin Zaki have been put on halt.During the wet season, particularly, in the middle and lower part of the basin, (where slopes are very gentle) as discharged within the river rise, adjacent areas (within the floodplains) begin to be inundated, thereby forming floodplain wetlands.

  • Once the physician’s order is received by the Rehabilitation Department, the evaluation process will be initiated.

  • The court’s interpretation of this section is that where there is Initial Commercial Production and the allowable deductions remain unrecovered from the gross revenues then this will be considered as an operation loss.

  • You promise that after the termination of your employment with the Company, you will not enter into any agreement that conflicts with your obligations under this Agreement, and you will inform any subsequent employers of your obligations under this Agreement.

Related to Initial Commercial Production

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Commercial Product means any such product as defined in FAR 2.101.

  • Commercial project means any project, including, but not

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • pre-commercial procurement means the procurement of research and development services involving risk-benefit sharing under market conditions, and competitive development in phases, where there is a clear separation of the research and development services procured from the deployment of commercial volumes of end-products;

  • Commercial property means property formerly or currently used primarily for business, retail, governmental or professional purposes.

  • Agricultural production means the commercial production of food or fiber.

  • Commercial Launch means on a country-by-country basis, the first sale of a Product to a Third Party following Regulatory Approval of the Product in such country.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products

  • Phase 4 Clinical Trial means a Clinical Study in any country which is conducted after Regulatory Approval of a product has been obtained from an appropriate Regulatory Authority, consisting of trials conducted voluntarily for enhancing marketing or scientific knowledge of an approved indication and trials conducted due to request or requirement of a Regulatory Authority.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Marijuana producer means a person who produces marijuana in this state.

  • Development Site means any parcel or lot on which exists or which is intended for building development other than the following:

  • Commercial Sale means for a given product and country the sale for value of that product by a Party (or, as the case may be, by an Affiliate or permitted sublicensee of a Party), to a Third Party after regulatory approval (if necessary) has been obtained for such product in such country.

  • Phase I Clinical Trial means a study in humans which provides for the first introduction into humans of a product, conducted in normal volunteers or patients to generate information on product safety, tolerability, pharmacological activity or pharmacokinetics, or otherwise consistent with the requirements of U.S. 21 C.F.R. §312.21(a) or its foreign equivalents.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Phase I Clinical Study means, as to a particular Licensed Product, an initial clinical study in humans with the purpose of assessing the Licensed Product’s safety, tolerability, toxicity, pharmacokinetics or other pharmacological properties.

  • Mineral Products means the commercial end products derived from operating the Property as a mine:

  • Approved clinical trial means a phase I, phase II, phase III, or phase IV clinical trial that is conducted in relation to the prevention, detection, or treatment of cancer or other life-threatening disease or Condition and is described in any of the following:

  • Agricultural product means the products listed in Annex I to the Treaty, except fishery and aquaculture products listed in Annex I to Regulation (EU) No 1379/2013 of the European Parliament and of the Council of 11 December 2013;

  • Commercial driver s license" means: