Initial Production definition

Initial Production means the early production of an oil or gas well, recorded after the recovery of oil or other fluids used to fracture and stimulate the target formation has been completed, used as a potential indicator of the maximum ability of a well to produce upon Completion, without subsequent reservoir damage; provided, however, that historically, the actual sustained production of oil or gas realized from a well is usually less, on an ongoing basis, than Initial Production; and, provided further, that there can be no assurance that the actual production to be realized from a well on an ongoing basis following the conclusion of all Completion activities with respect thereto will be equal to approximate Initial Production.
Initial Production means the first Plant Product manufactured at the Plant for use or sale. Integration means integration of the Plant with the K-Fuel® Technology.
Initial Production means the earlier of the date on which diamonds in rough form produced from the A21 pipe on the Property (as defined in the Royalty Agreement) for commercial purposes are first (i) sold or transferred to any third party or (ii) valued by either a Government Valuator (as defined in the Royalty Agreement) as required by the Canada Mining Regulations (as defined in the Royalty Agreement) or by an independent valuator pursuant to Section 4.1(b) or Section 4.1(c) of the Royalty Agreement. For clarity, Initial Production would not be triggered if sales or transfers occur in connection with treating or shipping of bulk samples for testing or other non-commercial purposes;

Examples of Initial Production in a sentence

  • Initial Production Testing: The Contractor shall split and test the first two samples with the Department for comparison purposes regardless of whether a test strip is used.

  • AIRCRAFT TO BE EXCHANGED BY UNITED KINGDOM.— The aircraft for which the exchange under paragraph (1) may be made is an F–35 Lightning II aircraft in the Short-Take Off and Vertical Landing configuration that, as of November 19, 2010, is being acquired on behalf of the United Kingdom under an existing Joint Strike Fighter program contract referred to as the Low-Rate Initial Production 4 contract.

  • AIRCRAFT TO BE EXCHANGED BY UNITED STATES.—The aircraft authorized to be transferred by the United States under this subsection is an F–35 Lightning II aircraft in the Carrier Variant configuration acquired by the United States for the Marine Corps under a future Joint Strike Fighter program contract referred to as the Low-Rate Initial Production 6 con- tract.

  • Bids Submitted for JLTV Low-Rate Initial Production (LRIP)18It was reported that the three companies who were picked in 2012 to build prototypes—Oshkosh, Lockheed Martin, and AM General—submitted their bids for the LRIP contract by the February 10, 2015, deadline.

  • AIRCRAFT TO BE EXCHANGED BY UNITED KINGDOM.—The aircraft for which the ex- change under paragraph (1) may be made is an F–35 Lightning II aircraft in the Short- Take Off and Vertical Landing configuration that, as of November 19, 2010, is being ac- quired on behalf of the United Kingdom under an existing Joint Strike Fighter pro- gram contract referred to as the Low-Rate Initial Production 4 contract.

  • Low-Rate Initial ProductionF-35s are currently produced under Low-Rate Initial Production (LRIP), with agreements reached for the first 14 lots of aircraft.

  • Purpose of Solicitation The purpose of this solicitation is to provide financial assistance to help clean energy entrepreneurs successfully advance their emerging best-of-class innovative technology to the Low-Rate Initial Production (LRIP) stage.

  • The Program will seek a MS C decision and approval to procure the Low Rate Initial Production (LRIP) vehicles in the 2nd QTR FY17 with deliveries starting in FY18.

  • Bids Submitted for JLTV Low-Rate Initial Production (LRIP)21It was reported that the three companies who were picked in 2012 to build prototypes—Oshkosh, Lockheed Martin, and AM General—submitted their bids for the LRIP contract by the February 10, 2015, deadline.

  • Navy Awards BAE Contract for ACV Lot 239In December 2018, the Navy reportedly awarded BAE Systems a $140 million contract modification to build 30 Low Rate Initial Production (LRIP) ACVs as part of Lot 2, with the first vehicles expected to be delivered in the summer of 2020.


More Definitions of Initial Production

Initial Production shall have the meaning ascribed thereto in Section 5 hereof.
Initial Production means the average daily production rate during the first year of production. Estimates of production rates assume that production will commence in 2015 and Fully Developed Production will be reached in 2016 for the low estimate, 2017 for the best estimate and 2018 for the high estimate.
Initial Production means the carrying out one or several or all of the activities of cultivation, husbandry, harvesting, extraction and catching.
Initial Production means the development and commercial production of Mineral Products during the Initial Production Period under the Pilot Project.

Related to Initial Production

  • 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);

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

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

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

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • medicinal product means any substance or combination of substances presented for treating or preventing disease in human beings or animals and any substance or combination of substances which may be administered to human beings or animals with a view to making a medical diagnosis or to restoring, correcting or modifying physiological functions in humans or in animals;

  • Biological product means a virus, therapeutic serum, toxin, antitoxin, vaccine, blood, blood component or derivative, allergenic product, protein other than a chemically synthesized polypeptide, or analogous product, or arsphenamine or any derivative of arsphenamine or any other trivalent organic arsenic compound, applicable to the prevention, treatment, or cure of a disease or condition of human beings.

  • Additional Product means any Product identified as such in the Product Terms and chosen by Enrolled Affiliate under this Enrollment.

  • Commercial project means any project, including, but not

  • Additional Products means products, services and applications that are not part of the Services but that may be accessible, via the Admin Console or otherwise, for use with the Services.

  • Final Product means a product that is not used in producing other products and is built and intended for use outdoors, provided the final product has not deteriorated or has otherwise become a potential source of contaminants.

  • Manufacturing means all activities related to the manufacture of a Compound, including planning, purchasing, manufacture, processing, compounding, storage, filling, packaging, waste disposal, labeling, leafleting, testing, quality assurance, sample retention, stability testing, release, dispatch and supply, as applicable.

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

  • Hemp products means all products made from industrial hemp,

  • Original Product means the product from which You are upgrading. You are authorized to use the Software only if You are the authorized user of the Original Product and You may use the Software to replace Your licensed unit count of the Original Product on a one-for-one basis, not exceeding the authorized licensed unit count for the Original Software. This Agreement shall replace and govern any license agreement for the surviving units of Original Product. This Agreement is specific to the Software (by product and version) that it accompanies, and You may not re-allocate Your Software licensed unit count to another product or version except under express written permission from Licensor. Maintenance and Support. Licensor has no obligation to provide support unless You purchase an offering that expressly includes support services. If You make such a purchase and no separate agreement specifically applies to the support services, then the terms of this Agreement will govern the provision of such support services (“Services”). For more information on Licensor's current support offerings, see xxxxx://xxx.XxxXX.xxx/support.

  • 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.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Marijuana products means concentrated marijuana products and marijuana products that are comprised of marijuana and other ingredients and are intended for use or consumption, such as, but not limited to, edible products, ointments, and tinctures.

  • Pharmaceutical Product shall have the meaning ascribed to such term in Section 3.1(hh).

  • Manufacture means the production of products in a factory using labour, materials, components and machinery and includes other related value-adding activities.

  • Manufacturing Facilities means facilities engaged in the mechanical or chemical transformation of materials or substances into new products and shall include:

  • Biodiesel fuel means a renewable, biodegradable, mono alkyl ester combustible liquid fuel derived from agricultural plant oils or animal fat such as, but not limited to, soybean oil. For purposes of this definition, “biodiesel fuel” must also meet the specifications of American Society for Testing and Material Specifications (ASTM) D 6751-02, “Standard Specification for Biodiesel Fuel (B100) Blend Stock for Distillate Fuels,” and be registered with the U.S. Environmental Protection Agency as a fuel and a fuel additive under Section 211(b) of the Clean Air Act, 42 U.S.C. Sections 7401, et seq. as amended through November 15, 1990.

  • Marijuana-infused products means products that contain marijuana or marijuana extracts and are intended for human use. The term "marijuana-infused products" does not include useable marijuana.

  • Biodiesel blend means a fuel comprised of a blend of biodiesel fuel with petroleum-based diesel fuel, suitable for use as a fuel in a compression-ignition internal combustion diesel engine.

  • Agricultural production means the commercial production of food or fiber.

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products