Deemed Production definition

Deemed Production through any date, means the number of Mbfe of Company Timber deemed harvested and sold from July 20, 1998 through such date pursuant to Section 5.5 of the Indenture.
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Deemed Production has the meaning given in Article 3.6.1.
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Examples of Deemed Production in a sentence

  • It is understood that neither the Albpetrol Share nor the Deemed Production shall be treated as Petroleum Costs, but the costs of Contractor in producing and delivering to Albpetrol the Albpetrol Share and the Deemed Production are Petroleum Costs.

  • Upon the occurrence of any transaction which results in the Issuer's election to recognize Deemed Production pursuant to Section 6.4(iii)(B), the Issuer shall recognize Deemed Production in the Monthly Period in which such transaction occurs (or, if such transaction occurs on or prior to the Monthly Deposit Date, in the next preceding Monthly Period).

  • Such Deemed Production shall be computed as set forth in Section 6.4(iii)(B).

  • In the case of clause (v), Deemed Production shall be in respect of the number of Mbfe (as set forth in an Officer's Certificate delivered to the Trustee) of Company Timber to which such Agreement Not to Cut relates.

  • As a result of this disposition, the gas over bitumen royalty adjustments received by the Trust for the affected wells totaling approximately 5 MMcf/d of Deemed Production volume are now considered revenue since they will not be repaid to the Crown.

  • In the case of the preceding clause (vi), Deemed Production shall be in respect of the number of Mbfe (as set forth in an Officer's Certificate delivered to the Trustee) of Company Timber to which such Pay-As-You Harvest Sale relates, multiplied by the percentage that such Up Front Payment represents of the entire contract.

  • The Deemed Production Insurance Benefit will not be included as income for the purpose of calculating program margins.

  • In the case of a recovery in the Takings Litigation, Deemed Production shall be in respect of the number of Mbfe (as set forth in an Officer's Certificate delivered to the Trustee) of Company Timber equal to the amount of such recovery divided by the then applicable SBE price per Mbf of old growth redwood, size quality code 2, for tractor logging.

  • In the case of the preceding clauses (i) to (iv) (other than a recovery in the Takings Litigation), Deemed Production shall be in respect of the number of Mbfe (as set forth in an Officer's Certificate delivered to the Trustee) of Company Timber (or Company Timber located on the Company Owned Timberlands or on the Company Timber Rights Property that is subject to the Company Timber Rights, as applicable) sold, condemned, taken, damaged or destroyed.

  • The Deemed Production Payment shall be paid in accordance with Section 7.01 as if it were a Solar Services Payment.

Related to Deemed Production

  • Postproduction means an activity related to the finishing or duplication of a medium described in Subsection 59-12-104(54)(a).

  • Refined Products means gasoline, diesel fuel, jet fuel, asphalt and asphalt products, and other refined products of crude oil.

  • Recycled product means a product containing recovered material, or post-consumer recovered material, or both.

  • Licensed producer means a person or entity licensed to produce medical cannabis.

  • Cannabis product means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • 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);

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • processed products means goods placed under a processing procedure which have undergone processing operations;

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • complex product means a product which is composed of multiple components which can be replaced permitting disassembly and re-assembly of the product.

  • Mineral Products means the commercial end products derived from operating the Property as a mine:

  • Production means a method of obtaining goods including manufacturing, assembling, processing, raising, growing, breeding, mining, extracting, harvesting, fishing, trapping, gathering, collecting, hunting and capturing.

  • Cannabis products means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Licensed Product means a product, method or service in the Licensed Field of Use, the making, having made, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent.

  • Marijuana producer means a person who produces marijuana in this state.

  • Power production activities means any business operation that involves a project commissioned by the government of Iran whose purpose is to facilitate power generation and delivery, including, but not limited to, establishing power-generating plants or hydroelectric dams, selling or installing components for the project, providing service contracts related to the installation or maintenance of the project, as well as facilitating such activities, including by providing supplies or services in support of such activities.

  • Bulk Product means Licensed Product supplied in a form other than Finished Product which can be converted into Finished Product.

  • Milk product or "dairy product" means cottage cheese, dry curd cottage cheese, reduced fat cottage cheese, lowfat cottage cheese, cream, light cream, light whipping cream, heavy cream, heavy whipping cream, whipped cream, whipped light cream, sour cream, acidified sour cream, cultured sour cream, half-and-half, sour half-and-half, acidified sour half-and-half, cultured sour half-and-half, reconstituted or recombined milk and milk products, concentrated milk, concentrated milk products, skim milk, lowfat milk, frozen milk concentrate, flavored milk, eggnog, buttermilk, cultured milk, cultured lowfat milk, cultured skim milk, yogurt, lowfat yogurt, nonfat yogurt, acidified milk, acidified lowfat milk, acidified skim milk, low-sodium milk, low-sodium lowfat milk, low-sodium skim milk, lactose-reduced milk, lactose-reduced lowfat milk, lactose-reduced skim milk, aseptically processed and packaged milk, milk products with added safe and suitable microbial organisms, and any other milk product made by the addition or subtraction of milkfat or addition of safe and suitable optional ingredients for protein, vitamin, or mineral fortification. Unless a product is considered a milk product under this subdivision, milk product does not include dietary products, infant formula, ice cream or other desserts, cheese, or butter. Milk products include the following:

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Product means any deliverable under the Contract, which may include commodities, services, technology or software.

  • plant products means products of plant origin, unprocessed or having undergone simple preparation in so far as these are not plants, set out in Annex IV-A, Part 3 to this Agreement;

  • Hemp products means all products made from industrial hemp,

  • Biological Samples means any physical samples obtained from Study Participants in accordance with the Protocol for the purposes of the Study.

  • API means the American Petroleum Institute.

  • Combination Product means any product that comprises a Licensed Compound or Licensed Product sold in conjunction with another active component so as to be a combination product (whether packaged together or in the same therapeutic formulation).