Economically viable definition
Economically viable means, when used in the context of Mineral Reserve determination, that the Qualified Person has determined, using a discounted cash flow analysis, or has otherwise analytically determined, that extraction of the Mineral Reserve is economically viable under reasonable investment and market assumptions.
Economically viable shall include the payment of license fees and royalities to IBR which are to be determined at the license fees and royalties set out in Section 9.5 and shall be determined on the basis that there will be no diminution in the supply of Organic Waste to the Initial IBR Plant. If MOM fails to commence to construct such Additional IBR Plant(s) within 180 days after notice from IBR that "economic viability" is achievable, notwithstanding anything else contained in this Agreement, IBR shall have the right to offer to any other person the right to construct and operate such additional IBR Plant.
Economically viable means that an alternative chemical or
Examples of Economically viable in a sentence
Economically viable is defined to mean that the route by all means of income does not generate the daily base rate as outlined in attachment of this agreement.
More Definitions of Economically viable
Economically viable obviously means that a competitor must not be pushed to the margins of the market; otherwise it would not put competi- tive pressure on a dominant undertaking. However, the term ‘economical viability’ is very broad and can lead to the danger of protecting compe- titors rather than competition as such. If an economic assessment is included in deciding whether or not input is indispensable - whether the refusal to supply is abusive - then at least some parameters as to what would amount to ‘economic viability’ are indispensable. However, even with parameters, an economic assessment would have to be carried out on a case-by-case basis, and every time an undertaking required from the dominant undertaking the alleged indispensable input (concerning its IPR), the dominant undertaking would have to perform the economic analysis. The author believes this would be too heavy a burden for the IPR holders with a dominant position on the market. Therefore, this requ- irement, especially broadened after the CFI decision, would hardly func- tion in practice and the situation after this decision would create great legal uncertainty. However, the question of economic viability in relation to the indispensability requirement leads us to the second requirement of the test applied.
Economically viable means that the project is feasible and determined that it has more benefits than costs, based on cost-benefit analysis.