Production Decision definition

Production Decision means a decision by the Management Committee to commence Development and put the Properties into production.

Production Decision means a decision by the Board to commence Development of a mine for the Properties in accordance with the Feasibility Study. (ccc)

Production Decision has the meaning assigned to it in Subsection 7.04.

Examples of Production Decision in a sentence

• Under the SCJV agreement, Teck is required to make three cash milestone payments to the Company: (i) $20 million upon entering into the agreement (received), (ii) $20 million upon a Production Decision approving mine construction, and (iii) $20 million upon completion of construction of mine facilities.

• In making the Full-Rate Production Decision or the Full Deployment Decision, the MDA will consider any new validated threat environments that might affect operational effectiveness, and may consult with the requirements validation authority as part of the decision making process to ensure that capability requirements are current.

• The Board shall not commence a meeting, subsequently convened in closed session and thereafter reconvene again in open session within 12 hours after completion of the closed session unless public notice of such subsequent open session was given at the same time and in the same manner as the public notice of the meeting convened prior to the closed session.

• The phase encompasses several activities and events: LRIP, Limited Deployment, OT&E, and the Full-Rate Production Decision or the Full Deployment Decision followed by full-rate production or full deployment.

• For the Full-Rate Production Decision Review or the Full Deployment Decision and thereafter, the MDA may require TEMP updates or addendums to plan for additional testing.

More Definitions of Production Decision

Production Decision has the meaning specified in Section 3.2(a).

Production Decision means the decision by the Board regarding whether to proceed with a Development program to achieve Commercial Production on the basis of a Feasibility Report on one or more of the Properties.

Production Decision means a decision of the board of directors of the OPTION HOLDERto establish and bring into production and operation a mine on the Property substantially in accordance with the Bankable Feasibility Study;

Production Decision means a decision made in good faith by Kennecott, subject to Force Majeure and to the accuracy of the assumptions or forecasts on which the decision is based, to bring a Development Property into commercial production.

Production Decision is defined in Section 8.3(b).

Production Decision a decision by the Board of Directors of BXXX, or of the parent company of BXXX, to construct a mine and related facilities for the production of Mineral Products at a location anywhere on the Properties.

Production Decision means a decision made by the Holder or Holders to proceed with development of any portion of the Property (being a decision to proceed with removal and recovery for commercial profit of ores, minerals and mineral resources from any portion of the Property); and