Production Individualization Commitment Sample Clauses
The Production Individualization Commitment clause establishes the obligation for a party, typically a manufacturer or supplier, to tailor the production of goods or services to meet the specific requirements or preferences of the other party. This may involve customizing product features, packaging, or delivery schedules according to agreed-upon specifications. By formalizing this commitment, the clause ensures that the delivered products or services align closely with the buyer's needs, thereby reducing the risk of disputes over conformity and enhancing satisfaction with the final output.
Production Individualization Commitment a document that formalizes the allocation of production of a Mine that extends by different Concession Areas, whose rights of Exploration and Production belong to the same Concessionaire.
Production Individualization Commitment instrument signed after the Declaration of Commercial Viability formalizing the allocation of production of Shared Deposit, that extends throughout different Contract Areas, which rights of Exploration and Production belong to the same company or consortium of identical composition and same share.
Production Individualization Commitment a document executed after the Declaration of Commercial Feasibility evidencing the allocation of production in a shared pool, extending over areas under distinct concession Areas, whose rights of exploration and production belong to the same company or consortium of identical composition and the same percentage of participation. Concessionaire: individually or collectively, the companies members of the consortium, including the Operator. Well Conclusion: beginning of demobilization of the drilling rig, after Drilling Conclusion and Well Assessment. Local Content: proportion between the value of the Property produced and services rendered in the country for the execution of the contract and the total value of the Property used and services provided for this purpose. Contract: main body of this Concession Contract and its Annexes. Consortium Contract: contractual document which provides the rights and obligations of the Concessionaires as for this Contract.