Production Failure definition

Production Failure means the failure to generate the Delivery Amount of GHG Reductions in a given Year.
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Production Failure means (1) the occurrence of a Shortfall, provided however, that a Shortfall that results from a mechanical, equipment or other facility failure shall not constitute a "Production Failure," or (2) following December 31, 2002, the actual delivery by Tampa Bay Water to the Member Governments during any twelve-month period of a quantity of Quality Water that exceeds 94 percent of the aggregate permitted capacity of Tampa Bay Water's production facilities on an average annual basis, provided however, that if Tampa Bay Water has received a Primary Environmental Permit for additional production facilities and Tampa Bay Water has entered into a contract for final design and has bid construction of the facilities, the additional production quantity specified in the Primary Environmental Permit shall be added to the actual production capacity for purposes of determining if a "Production Failure" has occurred.
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Examples of Production Failure in a sentence

  • Production Failure, AMPHASTAR'S liability to make any remaining payments to ORGANON under the Asset Sale Agreement shall be excused until re-supply of the PRODUCT has begun from the other company.

  • Upon the occurrence of a CLI Steam Production Failure, LCC shall have the right (directly or through a nominee) (the “LCC Step-In Right”), but not the obligation, to control and issue dispatch and other operational directions for the CLI Facility (“Operational Control”) until such time as CLI is entitled to resume Operational Control pursuant to Section 19.

  • CLI shall resume Operational Control on the earlier to occur of: (a) the date indicated in a written notice by LCC to CLI indicating that on such date LCC intends to return Operational Control to CLI; provided that such date shall be no earlier than two (2) Business Days after the date of such notice; and (b) such time as CLI has remedied the factors which resulted in the CLI Steam Production Failure and will therefore be able to thereafter comply with its obligations to deliver Steam under this Agreement.

  • Should the Seller know, or reasonably anticipate, at any point in time that there will be or has been a Production Failure or a Transfer Failure in respect of any given Year, then the Seller shall immediately give a notice to the Buyer advising the Buyer of this existing or anticipated failure.