Process Guarantee definition

Process Guarantee means the provisions of the Construction Agreement which specify the terms of the performance guarantee criteria (as set forth in Exhibit A thereto), as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Process Guarantee means at least 90% of the output of the Licensed Plant as specified in the Process Design Package when the Licensed Plant is constructed according to the Process Design Package and when Licensee meets all of the Process Guarantee Conditions.
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Process Guarantee means the Process Guarantee provided by Broin and Associates, Inc. in favor of Borrower dated November 20, 2001.
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Examples of Process Guarantee in a sentence

  • The procedure for the conduct of a Performance Test, as described in Article 6 of the Process Guarantee Agreement, shall then be repeated.

  • There are no Material Contracts other than the License Agreement, the Process Guarantee, and those agreements and contracts disclosed to Lender pursuant to this Section 4.17.

  • The Process Guarantee shall be deemed to have been met when the facility accumulates *** periods, producing *** gallons or more of biodiesel per *** hour period.

  • The following documents are incorporated herein by reference and made part hereof: Schedule A, Know-How Fee Schedule B, Process Design and Technical Information Package Schedule C, Rate Schedule and Payment Terms Process Guarantee Agreement with Schedules A,B,C&D IN WITNESS WHEREOF, the parties have agreed to the foregoing on this 1st day of May, 2006.

  • It is expressly agreed that the total Know-How Fee shall be due and payable by LICENSEE regardless of whether LICENSEE elects to complete the Agreement by continuing with the Start-Up Services and a Performance Guarantee Test Run per Articles 5 and 6 of the Process Guarantee Agreement.

  • Thereafter, all LICENSOR’S expenses up to the limit set out in Article 12 of the License Agreement shall be paid by LICENSOR if failure to meet the Process Guarantee is solely due to LICENSOR’S design and services, as defined in Schedule B of License Agreement.

  • This Agreement shall commence on the date that the Facility operates for seven days as provided in the Process Guarantee attached to the Construction Contract and continue for so long as the plant shall exist to use the Licensor's Technology.

  • The Process Guarantee and Performance Test requirements set forth in the Master License and Site License and the Parties’ rights and obligations under such provisions are waived and deemed unnecessary.

  • Based upon the current status of the Licensed Plant, the fact this Site License is being executed after the commission date of the Licensed Plant, and the other agreements amongst the Parties; a Process Guarantee and Performance Test are being waived and deemed unnecessary.

  • If a Licensed Plant in which Syntroleum does not have at least a ten percent (10%) ownership interest (direct or indirect) does not pass the Process Guarantee under the Site License Agreement any repayment of the Upfront Royalty, if any, will be calculated pursuant Section 5.09(b).


More Definitions of Process Guarantee

Process Guarantee. Letter” shall be as defined in Section 3.6.6.
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Process Guarantee means guarantee defining the conditions of pre-concentration and purification waste solution containing 4% CaCl2. Process guarantee also specifies parameters that are indispensable to be achieved after pre-concentration and purification process. − REPORT - summary of all results obtained in course of performed tests that covers interpretation of the said results and that is to be delivered to the CONTRACTING AUTHORITY promptly after LABORATORY STAGE’s end − FINAL REPORT - summary of all results obtained in course of performed tests that covers: interpretation of the results, after BENCH SCALE STAGE and LABORATORY STAGE − VALUE OF THE AGREEMENT – shall mean the total remuneration due to the CONTRACTOR for proper execution of whole SUBJECT OF THE AGREEMENT comprising lump-sum net fee for proper execution of LABORATORY STAGE, unchangeable during the duration of the AGREEMENT, due to the CONTRACTOR for the performance of the SUBJECT OF THE AGREEMENT, materials purchased by the CONTRACTOR required for proper performance of the SUBJECT OF THE AGREEMENT and its acceptance − SUBCONTRACTOR(S) – shall mean a company or a person having a written agreement with the CONTRACTOR for the performance of any part of works or supplies, whom the CONTRACTOR may hereunder subcontract to perform part of the SUBJECT OF THE AGREEMENT.
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Process Guarantee means the process guarantee, set forth in Exhibit F, that applies to EPCM’s Services under this Agreement.
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