Production Purchase definition

Production Purchase or “Income” Program means any program whose investment objective is to directly acquire, hold, operate, and/or dispose of producing oil and gas properties. Such a program may acquire any type of ownership interest in a producing property, including, but not limited to, working interests, royalties, or production payments. A program which spends at least 90% of capital contributions and funds borrowed (excluding offering and organizational expenses) in the above described activities is presumed to be a production purchase or income program.
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Production Purchase has the meaning set out in Clause 5.5(a).
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Examples of Production Purchase in a sentence

  • Buyer, at its expense, has the right to audit and review all relevant books, records, income statements, balance sheets, cash flow statements, payroll data, receipts and other related supporting data, including Seller’s administrative and accounting policies, guidelines, practices and procedures, in order to (i) substantiate any charges and other matters under this Contract and (ii) assess Seller’s ongoing ability to perform its obligations under the Production Purchase Order.

  • Subject to Ginkgo’s obligation to satisfy the Minimum Cumulative Purchase Commitment for a Contract Year, with respect to the second [***] Contract Years), Ginkgo’s Production Purchase Targets for the [***] Contract Years as set forth in Table 7.2.2 are [***], and the Parties expressly acknowledge and agree that [***].

  • Subject to the terms and conditions of this Agreement, for each instance of LMS on the accompanying Order Form, We hereby grant You a nonexclusive, non transferable license to install, use and operate LMS on one server at the site for Your own internal business purposes.

  • Such additional Production Purchases in excess of the Production Purchase Target for such Contract Year will be creditable towards Ginkgo’s Production Purchases in subsequent Contract Year(s) until such excess amount has been exhausted and will count towards the Minimum Cumulative Purchase Commitment.

  • Notwithstanding anything to the contrary in this Agreement, Ginkgo’s obligations to satisfy Development Purchase Commitments and Production Purchase Commitments at all times during the Term (including any Intended End of Term) are subject to Section 5.4.3(d) (Tolling) and this Section 7.2.2(d) (Effects of Tolling).

  • Such amount will be fully creditable against all Development Purchases and Production Purchases owed by Ginkgo to BLI [***] and will be fully creditable against the Full Purchase Target and, [***], the Minimum Purchase Commitment, Development Purchase Commitment and Production Purchase Target [***].

  • Any purchase made by Lyondell under this Section 11.10 (a) is called herein an "Excess PO Production Purchase." At each monthly opportunity, Lyondell shall be deemed to have elected to make an Excess PO Production Purchase unless, as to any specified purchase opportunity, Lyondell waives such purchase right in writing.

  • WAFER PRODUCTION: Production Purchase Order Lead Time for Product for the full mask set (FEOL/BEOL) is [*] calendar days.

  • Production Purchase Order Lead Time for Product for personalization (3LM, BEOL only) is [*] calendar days.

  • The parties agree to review the Production Purchase Order Lead Time on a quarterly basis and to make any adjustments to the Production Purchase Order Lead Time upon mutual agreement.

Related to Production Purchase

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Contract Purchase Price means the amount actually paid or allocated in respect of the purchase, development, construction or improvement of a Property or the amount of funds advanced with respect to a Mortgage, or the amount actually paid or allocated in respect of the purchase of other Assets, in each case exclusive of Acquisition Fees and Acquisition Expenses, but in each case including any indebtedness assumed or incurred in respect of such Property.

  • Option Purchase Price has the meaning set forth in Section 9.36(b) hereof.

  • Unit Purchase Price shall have the meaning ascribed to such term in Section 2.1(b).

  • Dynamic Purchasing System means a completely electronic process, which has a limited duration, for making commonly used purchases, as more particularly defined and described in the Public Contract Regulations 2015.