Production Test Clause Samples
Production Test. During the Completion Test Period, the Borrower achieved the following results of operations at the San ▇▇▇▇▇▇▇▇▇ Project:
(i) the Project mined, crushed and milled ore at an average rate of not less than ninety per cent (90%) of the forecast production rate for the Completion Test Period, as described in the Operating Plan;
(ii) the Project achieved an average grade for the silver, zinc and lead contained in the ore mined of not less than ninety percent (90%) of the forecast grade for the Completion Test Period, as described in the Operating Plan; and the blast hole to model reconciliation (utilizing the method of calculation described in Annex 2 to this Certificate) was within ten percent (10%) of the forecasted mine block model;
(iii) the Project achieved an average zinc equivalent recovery rate for the silver, zinc and lead contained in the ore milled of not less than ninety percent (90%) of the forecast average zinc equivalent recovery rate for the Completion Test Period, as described in the Operating Plan (the recovery calculation and zinc equivalent calculation methodology is described in Annex 3 to this Certificate);
(iv) the Project produced zinc metal equivalents contained in the concentrates produced at a rate not less than ninety five percent (95%) of the forecast zinc metal equivalent rate for the production period in which the Completion Test Period occurs, as described in the Operating Plan (the zinc metal equivalent calculation methodology is described in Annex 3 to this Certificate); and
(v) there was a period of 30 continuous Operating Days within the Completion Test Period during which the Project mined an average of not less than 40,000 tonnes of ore per day and, a period of 30 continuous Operating Days within the Completion Test Period during which the Project milled an average of not less than 40,000 tonnes of ore per day. This is the certificate referred to in Section 2.01(b) of the Completion Agreement, dated as of December 1, 2005 among the Sponsor, the Technical Agent, the Administrative Agent and the Collateral Agent. Capitalized terms used herein and in the annexes hereto, except as otherwise defined herein, shall have the meanings assigned to them in the Completion Agreement or the Common Security Agreement, dated as of December 1, 2005, among the Borrower and the other parties thereto, as the same may be amended from time to time (the “Common Security Agreement”).
Production Test. Run (Run@Rate) - DIN EN ISO 9001 / IATF 16949: Sec.
Production Test. The Lessee shall furnish the Lessor with daily written advice of the oil, gas and water content of such substances produced during such production test; and if production composed predominantly of natural gas is encountered, subject such well to a back pressure test; PROVIDED HOWEVER, THAT if a market for natural gas does not exist, such back pressure test may be postponed until a market is available. The Lessee shall furnish the Lessor with written advice of the data derived from such back pressure test and the calculations and conclusions based thereon. With respect to each well drilled, re-entered or reworked on the Lands, the Lessee shall furnish the Lessor with a copy of all reports required to be filed with any governmental body, such copies to be furnished to the Lessor at the time such reports are tiled with such governmental body. Within thirty (30) days of the date of abandonment of any well drilled, re-entered or reworked on the Lands, the Lessee shall furnish to the Lessor a notice containing the following particulars: the total depth of the well abandoned; the amount of casing removed; the amount of cement or other plugs run during abandonment Operations; and the procedure used to close off the surface openings. Except for information which is available to the public from any governmental authority, the Lessor shall treat as confidential all or any part of the information contained in any reports of the Lessee furnished, given or delivered to the Lessor pursuant to this clause, provided however that Lessor shall be entitled to divulge information to an Affiliate of the Lessor provided such Affiliate agrees to keep the information confidential. Liability and Indemnification Without in any way restricting any other rights and remedies which the Lessor may have, the Lessee shall be liable to the Lessor, its Affiliates and any of their respective officers, directors, employees or agents for all losses, costs, damages and expenses whatsoever which Lessor, its Affiliates or any of their respective officers, directors, employees or agents may sustain, pay or incur, whether during the term of or following the termination of this Lease, arising out of or in connection with Operations or any works, by, through or under the Lessee or its employees, agents, workmen, contractors, licensees or invitees on the Lands, Pooled Lands or Unitized Lands or in respect of any breach of any of the terms or conditions of this Lease. The Lessee will indemnify and save ...
Production Test. The objective of this modelling is to simulate the temperature and pressure logs measured in the RN-15 well, on 03/02/2005, during well production (see Table 5, Log #1). In this simulation, two-phase flow and pure water are considered.
Production Test. Stand changeover – model to model changeovers on flexible cells will be performed by the Test Stand Mechanic.
a. Test Stand changeovers: Test Stand Mechanics will perform non-complex permanent setups only.
i. Changeover items and equipment are usually considered to only occur between the air plenum to exhaust.
ii. These installs are considered routine and will be typically described within the test mechanic instruction documents (OI, AI, run memo)
iii. Any install requiring facility modification or complex lift are not included in this language and will be agreed to jointly by exceptional basis only. If agreed, these install items will then be described in the test mechanics work instruction documents for clarity (OI, AI, run memo).
b. Fluid delivery: The 605 classification will continue to deliver fluid and oils to the appropriate holding areas within the test stand aisle. Test Mechanics will be responsible for fluid delivery from the holding area to point of use within the test aisle or stand. Test Mechanics will perform routine lubrication during normal working operations. Fluid holding area locations will be mutually agreed to by the shop committee and management.
i. Other preventative care fluid “exchanges” are considered to be the work of the trades who service and repair that equipment (Machine Repair, Pipefitter, HVAC , etc).