Potentially Commercial Discovery definition

Potentially Commercial Discovery means a Discovery that appears capable of becoming a Commercial Discoveryand for which an Appraisal Plan is to be submitted.
Sample 1Sample 2Sample 3
Potentially Commercial Discovery means a Discovery that is not a Commercial Discovery and which the Licensee reasonably believes may become a Commercial Discovery prior to the end of the Exploration Period.
Sample 1Sample 2Sample 3
Potentially Commercial Discovery means a written statement delivered by Contractor to ROC to the effect that Contractor considers a certain Discovery of Petroleum as potentially commercial and intends to submit a Development Plan in relation thereto subject to agreement with ROC on a Remuneration Fee.
Sample 1

Examples of Potentially Commercial Discovery in a sentence

  • Governors reviewed the policy, which was modelled on that of Godalming and Reigate colleges.

  • Unless the Licence has been terminated earlier, until the day is eight (8) years after the Effective Date, the Licensee may give written notice to the Commissioner that a Potentially Commercial Discovery in respect of which the Licensee made the requisite payment under Clause 5.3 is a Commercial Discovery.

  • Where the Licensee has pursuant to Article 6 notified the Commissioner that Non-Associated Gas discovered in the License Area is a Commercial Discovery or Potentially Commercial Discovery the Parties shall as soon as possible after completion by the Licensee of an Appraisal Programme relating to such Discovery or sooner if so agreed, meet with a view to reaching an agreement on the Production, processing and sale of such Natural Gas.

  • If the Licensee notifies the Commissioner that the Discovery is a Potentially Commercial Discovery under Clause 6.1(a)(iv) (B), the Licensee shall promptly draw up and submit to the Commissioner for his or her information the Licensee’s detailed analysis of the reasons for that assessment.

  • If the Licensee notifies the Commissioner that the Discovery is a Potentially Commercial Discovery under Clause 6.1(a)(iv)(B), the Licensee shall promptly draw up and submit to the Commissioner for his or her information the Licensee’s detailed analysis of the reasons for that assessment.


More Definitions of Potentially Commercial Discovery

Potentially Commercial Discovery means a written statement delivered by Contractor to NOC to the effect that Contractor considers a certain Discovery of Petroleum as potentially commercial and intends to submit a Development Plan in relation thereto subject to agreement with NOC on a Remuneration Fee.
Sample 1

Related to Potentially Commercial Discovery

  • Commercial Discovery means a Discovery of Petroleum reserves which has been declared as a Commercial Discovery in accordance with the provisions of Article 10 and/or Article 21.

  • Commercial Facility means the Commercial Facility made available under this Agreement as described in Clause 2.1 (Facility).

  • Commercial driver s license" means:

  • Congenital Anomaly means a condition which is present since birth, and which is abnormal with reference to form, structure or position.

  • FDA Approval means the approval by the FDA of a premarket approval application to market and sell a Product, as evidenced by the publication of such approval by the FDA.

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

  • Biologically-based mental illness means schizophrenia, schizoaffective disorder, major depressive disorder, bipolar disorder, paranoia and other psychotic disorders, obsessive-compulsive disorder, and panic disorder, as these terms are defined in the most recent edition of the diagnostic and statistical manual of mental disorders published by the American Psychiatric Association.

  • Research facility means buildings and structures, including machinery and equipment, used or to be used primarily for research or experimentation to improve or develop new tangible goods or materials or to improve or develop the production processes thereto.

  • Non-Commercial Use means any use or activity where a fee is not charged and the purpose is not the sale of a good or service, and the use or activity is not intended to produce a profit.

  • Development Project means a project for the development of land within a

  • Development Phase means the period before a vehicle type is type approved.

  • Communicable disease means an illness caused by an infectious agent or its toxins that occurs through the direct or indirect transmission of the infectious agent or its products from an infected individual or via an animal, vector or the inanimate environment to a susceptible animal or human host.

  • Phase III Study means a human clinical trial that is prospectively designed to demonstrate statistically whether a product is safe and effective for use in humans in a manner sufficient to obtain regulatory approval to market such product in patients having the disease or condition being studied as described in 21 C.F.R. § 312.21(c) (FDCA), as amended from time to time, and the foreign equivalent thereof.

  • sickle cell disease means a hemolytic disorder characterized by chronic anemia, painful events, and various complications due to associated tissue and organ damage; "hemolytic" refers to the destruction of the cell membrane of red blood cells resulting in the release of hemoglobin.

  • Commercial cannabis activity means the production, cultivation,

  • Techno-Commercial Bid means proposal submitted by the Bidder in accordance with Clause 8.15.1;

  • Practical Completion means that stage in the execution of a Named Project when the Works have been completed in accordance with the terms of the relevant Building Contract and/or the terms of this Agreement such that the AHP Dwellings comprised within the Named Project are fit for beneficial occupation as a residential development in accordance with applicable NHBC or equivalent requirements current at the date of inspection subject only to the existence of minor defects and/or minor omissions at the time of inspection which are capable of being made good or carried out without materially interfering with the beneficial use and enjoyment of the Named Project and which would be reasonable to include in a snagging list, and Practically Complete shall be construed accordingly; Process has the meaning ascribed to it in the DPA; Procurement Law means (as the case may be):

  • Development Area means that area to which a development plan is applicable.

  • Non-Commercial means not intended for or directed towards commercial advantages or monetary compensation.

  • Reasonable Commercial Efforts means, with respect to the applicable obligation of the Company, reasonable commercial efforts for similarly situated, publicly-traded companies.

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commercial Fishing Worker means Commercial fishing worker as defined in Section 420.503, F.S.

  • Date of Commercial Operation or “COD” means

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Adult exploitation means the illegal use of an incapacitated adult or his resources for another's