Production Allocation definition

Production Allocation means an authorization issued by the Commission to a producer to produce a specified Regulated Product within a specified time period.
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Production Allocation means an authorization issued by the Commission to a producer to produce, in a defined area, a specified Greenhouse Regulated Product within a Crop Year. “Province” means the Province of British Columbia.
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Production Allocation means the quantity of a specific type and variety of Greenhouse Crop that may be produced by a licensed Greenhouse Producer in a Crop Year.
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Examples of Production Allocation in a sentence

  • In the event that any portion of a Working Interest Owner’s share of Production Allocation Substances allocated to a Tract is deliverable in kind to an owner of a Royalty Interest in respect of that Tract, such Working Interest Owner shall ensure that such royalty delivery obligations are satisfied.

  • Neither this Agreement nor any other agreement or instrument relating to the Production Allocation Zone or Production Allocation Substances shall terminate by reason of suspension of operations for any cause set forth in this clause.

  • Each Lease and any other agreement or instrument relating to the Production Allocation Zone or Production Allocation Substances is hereby amended only to the extent necessary to make it conform to this Agreement.

  • Notwithstanding clause 10.2, this Agreement shall cease to bind the Parties or to be effective unless it is executed and delivered, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area, on or before the 1st day of [month], [year].

  • Each of the Parties represents and warrants that, to the best of its knowledge, it has good right, full power and absolute authority to enter into this Agreement, that the Leases and any title documents relating to the Production Allocation Area are valid and subsisting documents, and that the obligations, covenants, provisions and conditions on its part under the Leases have been kept, observed and performed to the date on which it executes and delivers to the Operator a counterpart of this Agreement.

  • The allocation of production provided for herein shall become effective at 0800 on the first day of the first calendar month which is the earliest of: the month in which production of Production Allocation Substances from the Well commences, or the month following the date of execution and delivery of this Agreement, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area.

  • On and after the Effective Date of this Agreement, the Production Allocation Substances when produced from the Well shall be allocated among the Tracts in accordance with their respective Tract Participation Factors.

  • Notwithstanding clause 10.2, this Agreement shall cease to bind the Parties or to be effective unless it is executed and delivered, in accordance with clause 10.1, by the owners of 100% of the Working Interest and 100% of the Royalty Interest within the Production Allocation Area, on or before the 1st day of [month], [year].

  • The Working Interest Owner in each Tract shall calculate the royalty for that Tract: on the total amount of Production Allocation Substances produced from the Well, and at the rate under the Lease or pursuant to the Mines and Minerals Act, as the case may be, and shall pay or deliver to the Royalty Interest Owner in the Tract a royalty share of production based on the amount of Production Allocation Substances allocated to the Tract.

  • Each of the Parties represents and warrants that, to the best of its knowledge, it has good right, full power and absolute authority to enter into this Agreement, that the Leases and any title documents relating to the Production Allocation Area are valid and subsisting documents, and that the obligations, covenants, provisions and condition on its part under the Leases have been kept, observed and performed to the date on which it executes and delivers to the Operator a counterpart of this Agreement.

Related to Production Allocation

  • Asset Allocation The following single issuer limits shall apply on a market value basis, with exception of Money-Market funds and US Government guaranteed securities, which may be held without limit:

  • Allocation Area means that part of a redevelopment project area to which an allocation provision of a declaratory resolution adopted under section 15 of this chapter refers for purposes of distribution and allocation of property taxes.

  • Wasteload allocation or "wasteload" or "WLA" means the portion of a receiving surface water's loading or assimilative capacity allocated to one of its existing or future point sources of pollution. WLAs are a type of water quality-based effluent limitation.

  • Required Allocations means (a) any limitation imposed on any allocation of Net Losses or Net Termination Losses under Section 6.1(b) or 6.1(c)(ii) and (b) any allocation of an item of income, gain, loss or deduction pursuant to Section 6.1(d)(i), 6.1(d)(ii), 6.1(d)(iv), 6.1(d)(vii) or 6.1(d)(ix).

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).