Production Threshold definition

Production Threshold means, during a consecutive 60-day period, Borrower shall have produced no less than 80% of the amounts set forth in the Base Case Projections for Borrower’s clean ton coal production for the 2012 calendar year allocated on a pro rata basis for 60 days.

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Production Threshold means, with respect to wafers that include Deliverables that satisfy one or more Triggers as specified in a Project SOW, the commercial production by Micron of more than [***] such production wafers [***]for at [***] [***] [***] (but excluding any wafers manufactured in Micron's [***], or which are [***] or [***]), combined with the acceptance by Micron of [***] [***] for such wafers reflecting total [***] of at least [***] [***].

Production Threshold means, with respect to DRAM wafers that include Deliverables that satisfy one or more Triggers as specified in a Project SOW, the commercial production by Micron of more than [***] such production wafers [***]for at [***] [***] [***] (but excluding any DRAM wafers manufactured in Micron's [***], or which are [***] or [***]), combined with the acceptance by Micron of [***] for such wafers reflecting total [***] of at least [***] [***] [***]. (e)“Project Category” shall have the meaning as set forth in Section 4.1. (f)“Project Manager” shall have the meaning as set forth in Section 6.1. (g)“[***] Threshold” shall have the meaning as set forth in Section 5.4(a). (h)“Trigger(s)” shall mean one or more technical criteria for Deliverables, set forth in a Project SOW, each of which must be satisfied by Intermolecular, among other things, in order to give rise to an [***]of [***] to [***] a corresponding part, or all, of the related [***] Fee to Intermolecular.

Examples of Production Threshold in a sentence

• Except as otherwise expressly stated in Section 12 of the General Terms and Conditions, the Shortfall Payment shall be Customer’s sole and exclusive remedy for Seller’s failure to produce the Minimum Production Threshold during the Guarantee Term.

• The Parties agree that actual damages to Customer as the result of Seller’s failure to produce the Minimum Production Threshold would be difficult to ascertain, and the Shortfall Payment is a reasonable approximation of the damages suffered by Customer as a result of Shortfall during the Guarantee Term.

• During the Guarantee Term, Seller guarantees that the Adjusted Energy Production Amount for each Guarantee Period shall be no less than the Minimum Production Threshold for such Guarantee Period set forth in Table 1 of this Exhibit B.

• If the Adjusted Energy Production Amount is less than the Minimum Production Threshold (any such shortfall, measured in kWh, a “Shortfall”), then Seller may cure such Shortfall by paying or crediting Customer liquidated damages in the amount of the Shortfall Payment.

• Any obligation of Micron to pay Intermolecular a [***]Fee identified in a Project SOW, or a portion thereof (in the case of multiple Triggers), shall be conditioned upon Micron's satisfaction of a Production Threshold once Intermolecular has provided Micron with the Deliverables satisfying one or more Triggers.

• Micron shall notify Intermolecular within [***] of Micron's initial satisfaction of a Production Threshold related to a Project SOW.

• During the Guarantee Term, Provider guarantees that the Adjusted Energy Production Amount for each Guarantee Period shall be no less than the Minimum Production Threshold for such Guarantee Period set forth in Table 1 of this Exhibit F.

• Except as otherwise expressly stated in the Agreement, the Shortfall Payment shall be District’s sole and exclusive remedy for Provider’s failure to produce the Minimum Production Threshold during the Guarantee Term.

• If the Adjusted Energy Production Amount is less than the Minimum Production Threshold (any such shortfall, measured in kWh, a “Shortfall”), then Provider may cure such Shortfall by paying or crediting District liquidated damages in the amount of the Shortfall Payment.

• The Parties agree that actual damages to District as the result of Provider’s failure to produce the Minimum Production Threshold would be difficult to ascertain, and the Shortfall Payment is a reasonable approximation of the damages suffered by District as a result of Shortfall during the Guarantee Term.

More Definitions of Production Threshold

Production Threshold means $400,000 for any period of three consecutive calendar months, with the first month of the first such period beginning on November 1, 1999, provided that if Borrower ever elects to designate additional leases as "Dedicated Leases" pursuant to clause (b) of the definition of such term, the Production Threshold shall increase from $400,000

Production Threshold means the Fixed Production Payment hereunder has been paid in respect of an aggregate of 747,000 Tonnes of Lithium Products Produced.

Production Threshold means, for each Deferred Contribution Period, MWhs as set forth in Schedule 4.3(b) under the heading “Production Threshold”, provided, however, that in the event of either (i) a phase out of PTCs under Section 45(b)(1) of the Code, or (ii) a PTC Change in Tax Law, the Production Threshold shall be adjusted to the maximum extent necessary to preserve the expected Flip Date under the most recent Tracking Model prior to such phase out (for the avoidance of doubt, after taking into account any corresponding adjustment to the Deferred Contribution Payment Rate as a result of such change). For the avoidance of doubt, in the event that the PTC rate as provided by any guidance or publication issued by the IRS pursuant to Code Section 45(e)(2)(A) is different from the PTC rate assumed in the Base Case Model in any year, the applicable Production Threshold for such year shall be equal to the product of the Production Threshold as set forth in Schedule 4.3(b) applicable to such year multiplied by a factor, the numerator of which is the PTC rate assumed in the Base Case Model and the denominator of which is the PTC rate as provided by the guidance or publication issued by the IRS pursuant to Code Section 45(e)(2)(A). For the avoidance of doubt, after the Flip Date occurs, the Production Threshold will be zero.

Production Threshold means 345,000 barrels per day of Bitumen production from the Syncrude Royalty Project, which the Parties mutually understand will approximately equate to 300,000 barrels per day of Syncrude synthetic crude oil;