First Commercial Production definition

First Commercial Production means initial production on a commercial basis of petroleum, natural gas and related hydrocarbons from the Arctic Resource;
Sample 1Sample 2
First Commercial Production means the first day, within any period not exceeding one hundred and twenty (120) days, when Commercial Production of Crude Oil has averaged no less than thousand (X0,000) BOPD over ninety (90) days, or within three (3) Years from the approval of the Preliminary Development Plan, whichever is earlier. The 120 day period shall exclude any days when production may have been decreased pursuant to Articles 12.5(c), 12.5(d) or 12.5(e).
Sample 1
First Commercial Production means the last day of a consecutive ninety (90) day period of Commercial Production when a Net Production Rate of no less than thousand (X0,000) BOPD has been achieved, or within three (3) Years from the approval of the Preliminary Development Plan, whichever is earlier.
Sample 1

Examples of First Commercial Production in a sentence

  • Contractor shall commence payment to Petrobangla into a fund to be hereinafter referred to as the "Abandonment Fund" on the first anniversary of the First Commercial Production (hereinafter referred to as "Commencement of Payment into the Abandonment Fund").

  • Pursuant to Article 19 of Petroleum Costs and Supplementary Costs shall start being charged as from the Effective Date, while Remuneration shall start being charged as from First Commercial Production.

  • Pursuant to Article 19 of the Contract, Petroleum Costs shall start being charged as from the Effective Date, while Remuneration shall start being charged as from the occurrence of the First Commercial Production Date.

  • First Commercial Production: MetalsTech will issue LIT 500,000 Options upon MetalsTech achieving first commercial production and sales of lithium carbonate and/or lithium hydroxide from a full-scale processing plant using the Technology.

  • A Local Development Fund (LDF) is created which will be financed by this Contribution to Local Development from the holder of the Mining Title from the Date of First Commercial Production.

  • In light of the provisions of this Article 1.2, Simfer will not be under any formal obligation to make an Investment Decision under the Convention, but instead must make such investment decisions, within such times, as permit it to comply with the Date of First Commercial Production provisions of this Article 1.2.

  • Pursuant to Article 19 of this Contract, Petroleum Costs and Supplementary shall start being charged as from the Effective Date, while Remuneration Fees shall start being charged as from First Commercial Production.

  • If there is a Deemed Mine Extension Event on or after the Infrastructure Completion Date, then the ninety (90) Day period after the Infrastructure Completion Date to achieve the First Commercial Production Date will be automatically extended by the duration of the Force Majeure Event, government action or failure to act or ICD Deemed Extension that gives rise to the Deemed Mine Extension Event.

  • As from the First Commercial Production Date, SIMFER S.A. and its Direct Sub-Contractors participating directly in the implementation of the Project and to the extent of this participation will be liable for the payment, in respect of the activities contemplated in this Article, of any Tax listed in Article 28, and in accordance with the provisions of this Article, and the exemptions or adaptations provided for in Article 28 will also apply.

  • Contractor shall start charging Petroleum Costs to the Operating Account as from the Effective Date, in accordance with this Contract and Accounting Procedure, but the same shall be due and payable only from the date of First Commercial Production.


More Definitions of First Commercial Production

First Commercial Production means the last day of the first thirty (30) consecutive days when a Net Gas Production Rate of no less than seventy (70) MMSCFD is produced and transferred to Transporter, but excluding any days on which a production test is performed for establishing Commercial Production.
Sample 1
First Commercial Production means the date on which the last of the following occurs:
Sample 1
First Commercial Production means Commercial Production at the Net Dry Gas Production Rate, which shall be achieved by Contractor within three (3) Years from the approval date of the Preliminary Development Plan pursuant to Article 2.2 and Article 6, subject to Article 11.3.
Sample 1
First Commercial Production means when a commercially viable copper cathode product has first been produced by the Process Plant.
Sample 1
First Commercial Production means the first day of the month in which Minerals from a Mine have been extracted and processed to yield Product for forty-five (45) consecutive days at a rate, averaged over such 45-day period, of not less than seventy percent (70%) of the average daily rate projected in the Bankable Feasibility Study pursuant to which such Mine is developed. The processing or shipping of bulk samples for testing purposes shall not be used for the purposes of establishing the First Commercial Production.
Sample 1
First Commercial Production has the meaning set out in the PSC. GAS FIELD has the meaning set out in the PSC.
Sample 1

Related to First Commercial Production

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • First Commercial Sale means the first sale for use or consumption of any Licensed Product in a country after all required Regulatory Approvals for commercial sale of such Licensed Product have been obtained in such country.

  • Commercial Product means any such product as defined in FAR 2.101.

  • Commencement of Commercial Production means the first occurrence of Commercial Production in an Area.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commercial project means any project, including, but not

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • pre-commercial procurement means the procurement of research and development services involving risk-benefit sharing under market conditions, and competitive development in phases, where there is a clear separation of the research and development services procured from the deployment of commercial volumes of end-products;

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Commercial Launch means on a country-by-country basis, the first sale of a Product to a Third Party following Regulatory Approval of the Product in such country.

  • Manufacturing means all activities related to the manufacture of a Compound, including planning, purchasing, manufacture, processing, compounding, storage, filling, packaging, waste disposal, labeling, leafleting, testing, quality assurance, sample retention, stability testing, release, dispatch and supply, as applicable.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • DEVELOPMENTAL SERVICES means therapies, typically provided by a qualified professional using a treatment plan, that are intended to lessen deficiencies in normal age appropriate function. The therapies generally are meant to limit deficiencies related to injury or disease that have been present since birth. This is true even if the deficiency was detected during a later developmental stage. The deficiency may be the result of injury or disease during the developmental period. Developmental services are applied for sustained periods of time to promote acceleration in developmentally related functional capacity. This plan covers developmental services unless specifically listed as not covered.

  • Biodiesel fuel means a renewable, biodegradable, mono alkyl ester combustible liquid fuel derived from agricultural plant oils or animal fat such as, but not limited to, soybean oil. For purposes of this definition, “biodiesel fuel” must also meet the specifications of American Society for Testing and Material Specifications (ASTM) D 6751-02, “Standard Specification for Biodiesel Fuel (B100) Blend Stock for Distillate Fuels,” and be registered with the U.S. Environmental Protection Agency as a fuel and a fuel additive under Section 211(b) of the Clean Air Act, 42 U.S.C. Sections 7401, et seq. as amended through November 15, 1990.

  • 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.

  • Commercial driver s license" means:

  • commercial presence means any type of business or professional establishment, including through:

  • Financial Product means any securities, futures contracts or leveraged foreign exchange contracts as defined under the SFO. Regarding “leveraged foreign exchange contracts”, it is only applicable to those traded by persons licensed for Type 3 regulated activity.

  • Development Services “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Financial Products “Development Services”; “Target Market”; “Investment Areas”; and “Targeted Populations” have the meanings ascribed to such terms in 12 C.F.R. 1805.104.

  • Service(s)(ing) In accordance with Regulation AB, the act of servicing and administering the Mortgage Loans or any other assets of the Trust by an entity that meets the definition of “servicer” set forth in Item 1101 of Regulation AB and is subject to the disclosure requirements set forth in Item 1108 of Regulation AB. For clarification purposes, any uncapitalized occurrence of this term shall have the meaning commonly understood by participants in the commercial mortgage-backed securities market.

  • Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation.

  • commercial fishing means to take, harvest, hold, transport, or off-load marine species for sale or intended sale (R.I. Gen. Laws § 20-1-3).

  • Collaborative drug therapy management means participation by an authorized pharmacist and a physician in the management of drug therapy pursuant to a written community practice protocol or a written hospital practice protocol.

  • Agricultural production means the commercial production of food or fiber.