Commencement Date of Commercial Production definition

Commencement Date of Commercial Production means the first day, after the Effective Date, where Concentrate or processed Ore from a Mine at an average of 60% of its rated processing capacity over a 30 day period has been shipped, but no period of time during which Ore or Concentrate is shipped from the Mine for testing purposes, and no period of time during which milling operations are undertaken as initial commissioning and start-up, will be taken into account in determining the date of Commencement of Commercial Production;
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Examples of Commencement Date of Commercial Production in a sentence

  • Contractor undertakes to perform all reasonable steps to achieve the Commencement Date of Commercial Production no later than thirty-six (36) months from the date of SOCAR’s written approval of the relevant Development Programme.

  • For the avoidance of doubt, RLP’s entitlement to the Royalty shall commence on the Effective Date, but the Production Results shall only begin to accumulate from the Commencement Date of Commercial Production.

  • Contractor undertakes to perform all reasonable steps to achieve the Commencement Date of Commercial Production no later than forty-eight (48) months from the date of SOCAR’s written approval of the relevant Development Programme.

Related to Commencement Date of Commercial Production

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

  • Billing Commencement Date means the earlier of:

  • 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 Date of the Contract means the date of signing of the Contract between the Purchaser and the Contractor.

  • Offering Commencement Date means the first day of each Offering Period.

  • Date of Commencement means the date designated in the Notice to Proceed for Contractor to commence the Work.

  • Services Commencement Date means the date delivery of the Services shall commence as specified in the Key Provisions. If no date is specified in the Key Provisions this date shall be the Commencement Date;

  • Project Commencement Date means the commencement date notified to the Minister pursuant to clause 4(1);

  • Framework Commencement Date means [insert date dd/mm/yyyy];

  • 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.

  • Service Commencement Date means the date the Transmission Provider begins to provide service pursuant to the terms of an executed Service Agreement, or the date the Transmission Provider begins to provide service in accordance with Tariff, Part II, section 15.3 or Tariff, Part III, section 29.1.

  • Construction Commencement Date means the date set out in the Addendum, if applicable, by which you must commence construction of the Hotel. For the Hotel to be considered under construction, youmust have begun to pour concrete foundations for the Hotel or otherwise satisfied any site-specific criteria for “under construction” set out in the Addendum.

  • Lease Commencement Date has the meaning specified in Section 3.2 of the Master Lease.

  • Loan Commencement Date means, with respect to each Loan, the first Business Day of the calendar month following the Funding Date of such Loan.

  • Date of commencement of the project means the date of the agreement.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • 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.

  • Commercial project means any project, including, but not

  • Date of Commercial Operation or “COD” means

  • Payment Commencement Date means the date payments of amounts deferred begin pursuant to Article III, Section 6.

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

  • 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.

  • Effective date of enrollment means the first date when an en- rollee is entitled to receive covered benefits.

  • Commercial Launch means the initial First Commercial Sale of a Product in the Territory.

  • Term Commencement Date shall be the later of (i) November 1, 2006 or (ii) the date on which Landlord’s Work is Substantially Complete (or the date on which Landlord’s Work would have been Substantially Complete absent Tenant Delay or Force Majeure (as defined below)); provided, however, that if the Term Commencement Date is not the first day of a calendar month, then the first lease year shall be extended through the last day of the calendar month in which the first 12-month period expires, and Rent for the additional period at the end of the first lease year shall be payable at the rate for the 12th month of the Term. “Force Majeure” means accident; breakage; repair; governmental regulation, moratorium or other governmental action. The “Term Expiration Date” shall be the day immediately preceding the seventh (7th) anniversary of the Term Commencement Date, provided that if such preceding day is not the last day of a calendar month, then the Term Expiration Date shall be the last date of the calendar month in which such preceding day occurs. Landlord and Tenant shall each execute and deliver to the other written acknowledgment of the actual Term Commencement Date and the Term Expiration Date when such are established, and shall attach it to this Lease as Exhibit B. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date.

  • Policy Commencement Date means the date of commencement of the Policy as specified in the Schedule.