Common use of Operating Years Clause in Contracts

Operating Years. Not later than 90 days before the commencement of each Operating Year beginning after Completion the Owner shall prepare and submit to the Operator an Annual Production Programme setting out, month by month, its desired production volumes and product grades for following Operating Year. The Annual Production Programme shall take into full account the agreed Plant capacity, annual shutdown arrangements required for maintenance or other purposes and the Operator’s responsibilities under this Agreement.

Operating Years. Not later than 90 days before the commencement of each Operating Year beginning after Completion the Owner shall prepare and submit to the Operator an Annual Production Programme setting out, month by month, its desired production volumes and product Product grades for following Operating Year. The Annual Production Programme shall take into full account the agreed Plant capacity, annual shutdown arrangements required for maintenance or other purposes and the Operator’s responsibilities under this Agreement.