Date of Commencement of Commercial Production definition

Date of Commencement of Commercial Production means, in respect of each Development and Production Area, the date on which production of Petroleum under a program of regular production, lifting and sale commences;

Date of Commencement of Commercial Production means the first day of the calendar quarter after the calendar quarter in which Commercial production first occurs.

Date of Commencement of Commercial Production means the date of commencement of the production period for Crude Oil and/or Natural Gas from the Oil Field announced by JMC in accordance with the provisions of Article 7.2.6 hereof when the aggregate amount of Crude Oil produced from the Oil Field from the date of submission of the Overall Development Program to CNPC for approval has reached 30,000 tonnes and after approval by CNPC.

Examples of Date of Commencement of Commercial Production in a sentence

• Two per cent (2%) of the total amount of capital expenditure for the Project from the Date of Commencement of Commercial Production to the end of the Term.

• Production Year – means, in respect of each Oil Field and/or Gas Field, a period of twelve (12) consecutive Gregorian months under the Gregorian calendar beginning on the Date of Commencement of Commercial Production of such Field and thereafter from the anniversary thereof.

• Within 90 days following the Date of Commencement of Commercial Production, a feasibility study will be started for an expansion of the Revised Project mine and processing facilities.

• Annual Gross Production of Crude Oil – means the total amount of Crude Oil produced from each Oil Field and/or Gas Field within the Contract Area considered separately in each Calendar Year, less the amount of Crude Oil used for Petroleum Operations and the amount of losses, which is saved and measured by a device jointly approved before the Date of Commencement of Commercial Production at the Delivery Point.

• Similarly, the Parties mutually recognize the desire to reach a production level of 400,000 tonnes per year of copper with associated cobalt in the eleventh year following the Date of Commencement of Commercial Production.

More Definitions of Date of Commencement of Commercial Production

Date of Commencement of Commercial Production means the first day of the calendar quarter after the calendar quarter in which Commercial Production first occurs.

Date of Commencement of Commercial Production means the date upon which the Mining facility comprising the Revised Project constructed during Phase 3 of the Project, as defined in article 5 of the Amended and Restated Mining Convention, first achieves 90% of the designed rate of production of Products, for a period of 3 consecutive months. Such date to be notified to the Shareholders by the Managing Director, but no later than 180 days after the date of the first shipment of Product, it being understood that any monthly production will be shipped.

Date of Commencement of Commercial Production means the first day of the calendar quarter after that quarter in which the cumulative Minerals production equals twenty percent (20.0%) of the Project’s constructed initial annual design capacity as shown in the Feasibility Study.

Date of Commencement of Commercial Production means the date of commencement and delivery of the production of CBM from any CBM Field proposed and announced by JMC in accordance with the provisions in Article 7.2.5 hereof.

Date of Commencement of Commercial Production means the date on which the industrial undertaking starts commercial production, as certified by the Department of Industries and Commerce Jammu and Kashmir;

Date of Commencement of Commercial Production means the date upon which the Mining facility comprising the Revised Project constructed during Phase 3 of the Project, as defined in article 5 of the Amended and Restated Mining Convention, first achieves 90% of the designed rate of production of Products, for a period of 3 consecutive months. Such date to be notified to the Shareholders by the Managing Director, but no later than 180 days after the date of the first shipment of Product, it being understood that all monthly production will be shipped.

Date of Commencement of Commercial Production means the first day of the calendar quarter after the calendar quarter in which Commercial Production first occurs. “Environmental Assessment” means a systematic study of the environmental character of the Mining Area to establishing a baseline of existing environmental conditions, and assessing the Project-related environmental effects and impacts in order to evaluate their significance. “Environmental Management Plan” means the plan required to be produced and submitted to the Ministry by the Licensee(s) under Section 9.