Production Assets definition

Production Assets means property, plant and equipment of the Group determined in accordance with the Accounting Principles which are used in the business of the Group.

Production Assets means the machinery and equipment (and related gauges and fixtures used for assembly) that are used for the production of Products hereunder, excluding Tooling.

Production Assets means collectively the Customer Production Assets and Supplier Production Assets.

Examples of Production Assets in a sentence

• When development is completed on a specific field it is transferred to Production Assets.

• When it is determined that such cost will be recouped through successful development and exploitation or alternatively by sale of the interest, expenditure will be transferred to Production Assets.

• The Oil Production Assets relate to the operation of oil production business, pursuant to the Songliao Contract, entered into with the State-owned Enterprise to develop and produce crude oil in Liangjing Block on Songliao Basin in Jilin, the PRC.

• Development and Production Assets Development and production assets are capitalized on an area-by-area basis and include all costs associated with the development and production of crude oil and natural gas properties, as well as any E&E expenditures incurred in finding reserves of crude oil, NGLs or natural gas transferred from E&E assets.

• In the present case out o f 45 employees 18 have been dismissed, and there is no evidence to show th a t these employees have a union o f their own.

More Definitions of Production Assets

Production Assets means wellbores, pipelines, gathering systems, production or processing facilities, surface estate interests, rights-of-way, or other surface uses, and other production related infrastructure on the Leases.

Production Assets. The assets of the Sellers related to or used in connection with the manufacturing or production of Coca-Cola and other beverage products in the states of Washington, Oregon and Idaho (including the cities of Seattle and Spokane in Washington and the city of Portland in Oregon).

Production Assets. All of Seller’s right, title and interest in and to the properties and assets and rights of whatever kind and nature, real or personal, whether owned, leased or licensed set forth on Schedule 1.1(b).

Production Assets means:

Production Assets. ’ means property, plant and equipment of the Group determined in accordance with International Financial Reporting Standards or such other international financial reporting standards as the Guarantor may adopt from time to time with respect to its financial statements.

Production Assets. Collectively, the Tangible Assets, the Intangible Assets, the Subsequently Acquired Tangible Assets, the Subsequently Acquired Intangible Assets, the Contract Rights, the Leases, the Equipment Leases, the New Pipeline Applications, the Final Closing Date Sales Commitments and the Loan Files.

Production Assets has the meaning given to that term in the Contribution Agreement.