Declaration of Commerciality definition

Declaration of Commerciality means the written notice from the Concessionaire to the ANP declaring one or more Pools as a Commercial Discovery in the Concession Area, pursuant to paragraph 7.1.
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Declaration of Commerciality means a written notice delivered by Contractor to ROC stating that, in the opinion of Contractor, a certain Discovery or multiple Discoveries is a Commercial Discovery which merits preparation and submission of a Development Plan relating thereto.
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Declaration of Commerciality means the written declaration to YFP made in the sole discretion of Syntroleum after the completion of the drilling of either the Initial Well, the Second Well, or any of the Additional Xxxxx that the Aje Field is a commercial field and warrants the preparation and submission of a plan of development to the Approval Authorities for their approval.
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Examples of Declaration of Commerciality in a sentence

  • If it has not been submitted to ANP yet, the Final Discovery Assessment Report should accompany the Declaration of Commerciality.

  • Declaration of Commerciality: formal and in writing notification of the Consortium Members to ANP declaring one or more Mines as Commercial Discovery in the Contract Area, in accordance with Thirteenth Clause - Declaration of Commerciality.

  • For the purposes of benchmarking of the Local Content, the development phase will begin on the date of submission of the Declaration of Commerciality and will close, for each module of the development phase, with the first among the following occurrences: The course of five years after the extraction of the first oil; The abandonment of the development of the module of the development phase; or The achievement of the investments foreseen in the Development Plan.

  • Individualization Commitment: a document signed after the Declaration of Commerciality that formalizes the allocation of Production of a Mine that extends by different Concession Areas, whose rights of Exploration and Production belong to the same Consortium Members.

  • Production Individualization Agreement: agreement signed between the rights holders of Exploration and Production, after the Declaration of Commerciality, for the unified Development and Production of Deposits that extend beyond the Contract Area, containing the individualized Development Plan and established according to the procedures laid down in articles 33 to 41 of Law no.

  • Sixteenth Clause - Date of Commencement of Production and Annual Production Schedules Date of Commencement of Production The date of commencement of production of each field must occur within a maximum time limit of 5 (five) years, which may be extended at the discretion of the Contractor after ANP is heard, from the date of submission of the Declaration of Commerciality.

  • Thirteenth Clause - Declaration of Commerciality Option of the Consortium Before the end of the Exploration Phase, the Consortium Members, by means of formal and written notification to ANP, may, at its sole discretion, make the Declaration of Commerciality of the Discovery, provided the Discovery Evaluation Plan approved by ANP is fulfilled.

  • Within thirty (30) days from the date of Declaration of Commerciality approval, each Company shall deposit into a bank account designated by ROC its respective pro-rated Participating Interest of the non-recoverable Declaration of Commerciality bonus of fifteenmillion Dollars (US$ 15,000,000).

  • If the Declaration of Commerciality is proposed before the end scheduled for the Discovery Evaluation phase, the decision regarding the Declaration of Commerciality should be a type D1 decision.

  • In the deliberation on the Declaration of Commerciality, for which the column of decisions is marked with "D4", the deliberation will be as follows: If there is vote in favor of the Operator, the Operational Committee shall declare the Commerciality of the Mine.


More Definitions of Declaration of Commerciality

Declaration of Commerciality means the date that the Contractor under the PSC has completed all of the appraisal work for a commercial discovery and notifies the JDA that it intends to develop the field and will submit for approval a proposal for a field development program.
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Related to Declaration of Commerciality

  • Collaboration Know-How means all Know-How conceived, discovered, developed or otherwise made by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing (solely or jointly by or on behalf of a particular Party or any of its Affiliates or permitted subcontractors of any of the foregoing) in the course of [***].

  • Development Application means the development application identified in Item 5 of Schedule 1 and includes all plans, reports models, photomontages, material boards (as amended supplemented) submitted to the consent authority before the determination of that Development Application.

  • Board of Studies means the Board of Studies of the University;

  • Commercial or marketing purpose means the sale of student data; or its use or disclosure for purposes of receiving remuneration, whether directly or indirectly; the use of student data for advertising purposes, or to develop, improve, or market products or services to students.

  • Manufacturing Know-How means, with respect to the Product or any Variant thereof, the technology, data, designs, processes, methods, specifications and other know-how used in connection with the formulation, manufacture, labeling, packaging, quality control, release testing, and production of the Product, and all ingredients used therein and portions thereof.

  • Drug Approval Application means, with respect to a Licensed Product in the Territory, an application for Regulatory Approval for such product in a country in the Territory. For purposes of clarity, Drug Approval Application shall include, without limitation, (a) an NDA or BLA (for U.S.) or MAA (for Europe); (b) a counterpart of an NDA, BLA or MAA in any country or region in the Territory; and (c) all supplements (including supplemental applications such as sNDAs) and amendments to the foregoing.

  • Development approval means any written authorization from a

  • Regulatory Approval Application means an application to seek regular or expedited Regulatory Approval of the Licensed Product for sale or marketing in any country(ies) or Region(s) in the Territory, as defined in the applicable Laws and filed with the Regulatory Authority of such country(ies) or Region(s).

  • MAA means an application for the authorization to market any Product in any country or group of countries outside the United States, as defined in the applicable laws and regulations and filed with the Governmental Authority of a given country or group of countries.

  • Commercialization or “Commercialize” means activities directed to marketing, promoting, research and development as required, manufacturing for sale, offering for sale, distributing, importing or selling a product, including sub-licensing or sub-contracting of these activities.

  • Marketing Approval Application or “MAA” means a New Drug Application (or its equivalent), as defined in the U.S. Food, Drug and Cosmetic Act and the regulations promulgated thereunder, or any corresponding or similar application, registration or certification in any country.

  • Collaboration Compound means any of the following: (a) FG-4592, (b) any HIF Compound (other than FG-4592) that is added to this Agreement pursuant to Section 3.6, and (c) any salts, esters, complexes, chelates, crystalline and amorphous morphic forms, pegylated forms, enantiomers (excluding regioisomers), prodrugs, solvates, metabolites and catabolites of any of the foregoing ((a) or (b)).

  • Collaboration Product means a pharmaceutical product containing or comprising Compound in any dosage form alone, or in combination with, one or more other pharmaceutically active ingredients, and any and all Improvements thereto.

  • Collaboration Technology means all Collaboration Patents and Collaboration Know-How.

  • Anti-Static Product means a product that is labeled to eliminate, prevent, or inhibit the accumulation of static electricity. “Anti-Static Product” does not include “Electronic Cleaner,” “Floor Polish or Wax,” “Floor Coating,” and products that meet the definition of “Aerosol Coating Product” or “Architectural Coating.”

  • NDA means a New Drug Application, as defined in the regulations promulgated by the United States Food and Drug Administration, or any foreign equivalent thereof.

  • Regulatory Approval means, with respect to a Product in any country or jurisdiction, any approval (including where required, pricing and reimbursement approvals), registration, license or authorization from a Regulatory Authority in a country or other jurisdiction that is necessary to market and sell such Product in such country or jurisdiction.

  • Patent License Agreement means the Patent License Agreement substantially in the form of Exhibit C.

  • Non-Commercial Use means any use or activity where a fee is not charged and the purpose is not the sale of a good or service, and the use or activity is not intended to produce a profit.

  • Edible cannabis product means cannabis product that is intended to be used, in whole or in part, for human consumption, including, but not limited to, chewing gum, but excluding products set forth in Division 15 (commencing with Section 32501) of the Food and Agricultural Code. An edible cannabis product is not considered food, as defined by Section 109935 of the Health and Safety Code, or a drug, as defined by Section 109925 of the Health and Safety Code.

  • Clinical Trials means a controlled study in humans of the safety or efficacy of a Product, and includes, without limitation, such clinical trials as are designed to support expanded labeling or to satisfy the requirements of an Agency in connection with any Product Approval and any other human study used in research and Development of a Product.

  • Commercialization Plan has the meaning set forth in Section 6.2.

  • Marketing Approval means all approvals, licenses, registrations or authorizations of the Regulatory Authority in a country, necessary for the manufacture, use, storage, import, marketing and sale of a Product in such country.

  • Massive Multiauthor Collaboration Site (or “MMC Site”) means any World Wide Web server that publishes copyrightable works and also provides prominent facilities for anybody to edit those works. A public wiki that anybody can edit is an example of such a server. A “Massive Multiauthor Collaboration” (or “MMC”) contained in the site means any set of copyrightable works thus published on the MMC site.

  • Collaboration Patent Rights means Patent Rights claiming Collaboration Know-How.

  • Collaboration Patents means any and all Patents that claim or cover any of the Collaboration Know-How.