Commercial Mining Operations definition

Commercial Mining Operations means production in commercial quantities of any leased minerals that has not ceased after commencement for a period of more than eighteen months, provided that if GOLD STANDARD has commenced development of a mine at the end of the primary term and thereafter AMR Payment Amount Due diligently continues completion of such development and commencement of production in commercial quantities, such development shall be considered as Commercial Mining Operations.
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Commercial Mining Operations means production in commercial quantities of any leased minerals that has not ceased after commencement for a period of more than eighteen months, provided that if Spartan has commenced development of a mine at the end of the primary term and thereafter Spartan diligently continues completion of such development and commencement of production in commercial quantities, such development shall be considered as Commercial Mining Operations. Nothing set forth herein shall relieve Spartan of its obligation to pay either AMR or Royalty Payments, as provided herein.
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Related to Commercial Mining Operations

  • Mining Operations means obtaining or extracting any mineral by any mode or method or any purpose directly or indirectly connected therewith or incidental thereto, including—

  • Mining operation means any operations undertaken for the purpose of winning any mineral as defined in section 3 (d) of Mines and Minerals (Development and Regulation) Act, 1957.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

  • Commercial Operations Upon satisfaction of the following conditions, the Facility shall be considered to have achieved Commercial Operations on the Day specified in Seller's written notice described below: (i) the Acceptance Test has been passed, (ii) all generating units have passed Control System Acceptance Tests, (iii) the Transfer Date has occurred, (iv) Seller has (1) provided to Company the Required Models (as defined in Section 6(a) (Seller's Obligation to Provide Models) of Attachment B (Facility Owned by Seller)) in the form of Source Code, (2) placed the current version of the Source Code for the Required Models with the Source Code Escrow Agent as required in Section 6(b)(i)(A) (Establishment of Source Code Escrow) of Attachment B (Facility Owned by Seller), or (3) if Seller is unable to arrange for the placement of the appropriate Source Code into the Source Code Escrow account, placed the required funds with the Monetary Escrow Agent as required in Section 6(b)(ii)(A) (Establishment of Monetary Escrow) of Attachment B (Facility Owned by Seller), and (v) Seller provides Company with written notice that (aa) Seller is ready to declare the Commercial Operations Date and (bb) the Commercial Operations Date will occur within 24 hours (i.e., the next Day).