RATE OF PRODUCTION Sample Clauses

The 'Rate of Production' clause defines the required speed or quantity at which goods or services must be produced or delivered under a contract. It typically sets minimum or maximum output levels, such as specifying that a supplier must deliver a certain number of units per week or maintain a consistent workflow. This clause ensures that both parties have clear expectations regarding production timelines and output, helping to prevent delays, manage supply chain needs, and allocate responsibility if production targets are not met.
RATE OF PRODUCTION. All production and the disposal thereof shall be in conformity with allocations, allotments, and quotas made or fixed by the Division, and in conformity with all applicable laws and lawful regulations.
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RATE OF PRODUCTION. Grantor shall use its best efforts to prudently operate and produce the Subject ▇▇▇▇▇ (or, if any Subject ▇▇▇▇▇ are operated by a third party, cause the Subject ▇▇▇▇▇ to be prudently operated and produced) in accordance with the terms of the joint operating agreements and in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that in the good faith judgment of the operator is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject ▇▇▇▇▇ shall be in the good faith judgment of the operator sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interest; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject ▇▇▇▇▇ shall be equitable and ratable, based on factors used in determining such field rules.
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RATE OF PRODUCTION. (a) Grantor shall prudently operate and produce with respect to those Subject Well▇ ▇▇▇rated by Grantor, and shall use Grantor's best efforts to cause to be prudently operated and produced, with respect to the Subject Well▇ ▇▇▇ operated by Grantor in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that the Subject Well is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Well▇ ▇▇▇ll be sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed to the Subject Properties; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Well▇ ▇▇▇ll be equitable and ratable, based on factors used in determining such field rules. (b) Subject to the provisions of Section 3(a), Grantor shall use Grantor's best efforts to cause the Subject Well▇ ▇▇ produce each Month that quantity of Hydrocarbons sufficient to cause the Monthly PP Amount to equal the product obtained by multiplying the Subject Quantity for such Month times the Spot Price for such Month. (c) If for any reason at any time, or from time to time, (i) (y) there has been an acceleration in the rate of production of Hydrocarbons from the Subject Interests for any one Month period that exceeds the rates set forth in the reserve report prepared by Netherland, Sewe▇▇ & ▇ssociates (the "Independent Engineer") dated as of December 31, 2000 attributable to such Month, or (z) any required operation to be undertaken by Grantor is not timely performed in accordance with the terms hereof, and (ii) the ratio that the Tail Reserves bears to the Remaining
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RATE OF PRODUCTION. (a) Grantor shall prudently operate and produce with respect to those Subject ▇▇▇▇▇ operated by Grantor, and shall use Grantor's best efforts to cause to be prudently operated and produced, with respect to the Subject ▇▇▇▇▇ not operated by Grantor in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of (x) the maximum amount that the Subject Well is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject ▇▇▇▇▇ shall be sufficient to prevent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed to the Subject Properties; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject ▇▇▇▇▇ shall be equitable and ratable, based on factors used in determining such field rules. (b) Subject to the provisions of Section 3(a), Grantor shall use Grantor's best efforts to cause the Subject ▇▇▇▇▇ to produce each Month that quantity of Hydrocarbons sufficient to cause the Monthly PP Amount to equal the product obtained by multiplying the Subject Quantity for such Month times the Spot Price for such Month.
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RATE OF PRODUCTION. Unico agrees to use its best efforts to mine and remove mineral ores from the leased premises beginning upon the Effective Date or as soon thereafter as is feasible, as rapidly and in such quantities each month as reasonably can be done, unavoidable delays, shortages of fuel and labor, market conditions, adverse weather and other conditions beyond the control of Unico to be taken into consideration as well as reasonable start-up time. A copy of Lessee's initial work plan is attached hereto as Exhibit A.
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RATE OF PRODUCTION. All production and foe disposal thereof shell be in conformity with allocations, allotments, and quota made or fixed by foe Division, and in conformity with all applicable laws and lawful regulations.
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RATE OF PRODUCTION. Seller shall cause (or if Seller is not the operator, shall use its reasonable best efforts to cause) any ▇▇▇▇▇ now located or hereafter drilled on the lands covered by the Subject Interests (the "Subject ▇▇▇▇▇") to be prudently operated and produced in accordance with good engineering practices. Seller shall also use its reasonable best efforts to cause the Subject ▇▇▇▇▇ to produce each day that quantity of Production Payment Hydrocarbons equal to its pro rata part of the Gas Subject Quantity and Oil Subject Quantity for such day.
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RATE OF PRODUCTION. Unico agrees to use its best efforts to mine and remove mineral ores from the leased premises beginning upon the Effective Date or as soon thereafter as is feasible as rapidly and in such quantities each month as reasonably can be done, unavoidable delays, shortages of fuel and labor, market conditions, adverse weather and other conditions beyond the control of Unico to be taken into consideration as well as reasonable start-up time. Unico agrees that as a condition to continuing this Lease, Unico shall timely comply with and perform the work plan attached hereto as Exhibit C, and shall deliver to Crown Mines evidence reasonably satisfactory to Crown Mines, at Crown Mine's request from time to time, that such work plan is being timely performed.
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RATE OF PRODUCTION. Grantor shall use its best efforts to prudently operate and produce the Subject Wells (or, if any Subject Wells are operated by a third party, cause ▇▇▇ Subject Wells to be p▇▇▇▇▇tly operated and produced) in accordance with the ▇▇▇▇▇ of the joint operating agreement and in accordance with good engineering practices and the following requirements: (i) the amount of Hydrocarbons produced from any Subject Well shall not exceed in any Month the lower of(x) the maximum amount that in the good faith judgment of the operator is capable of producing at its maximum efficient rate of flow or (y) the respective allowable rate of flow under applicable orders, rules, regulations or laws, if any; (ii) the amount of Hydrocarbons produced from the Subject Wells shall be in the good faith judgment of the operator sufficient ▇▇ ▇revent a net migration of Hydrocarbons from the reservoirs to which proved reserves are attributed underlying the Subject Interests; and (iii) subject to field rules established by governmental authorities having or asserting jurisdiction, the amount of Hydrocarbons produced from the Subject Wells shall be equitable and ratable, based on factors used in deter▇▇▇▇▇g such field rules.
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Related to RATE OF PRODUCTION

  • Rate of Pay a. An Employee who is employed as a TTOC shall be paid 1/189 of their category classification and experience, to a maximum of the rate at Category 5 Step 8, for each full day worked.

  • Marketing of Production Except for contracts listed and in effect on the date hereof on Schedule 7.19, and thereafter either disclosed in writing to the Administrative Agent or included in the most recently delivered Reserve Report (with respect to all of which contracts the Borrower represents that it or its Subsidiaries are receiving a price for all production sold thereunder which is computed substantially in accordance with the terms of the relevant contract and are not having deliveries curtailed substantially below the subject Property’s delivery capacity), no material agreements exist which are not cancelable on 60 days notice or less without penalty or detriment for the sale of production from the Borrower’s or its Subsidiaries’ Hydrocarbons (including, without limitation, calls on or other rights to purchase, production, whether or not the same are currently being exercised) that (a) pertain to the sale of production at a fixed price and (b) have a maturity or expiry date of longer than six (6) months from the date hereof.

  • Rate of Payment Community service leave for voluntary community service is granted with pay for the first three days leave in a twelve month period to all employees except casual employees.

  • Fixed Kilowatt Rate Product If Clearview Energy would like to propose a change to a fixed kilowatt rate product, you will be notified by the process described in Change of Terms. Fixed price products may change due to new or modified federal, state or local laws; or regulatory actions that impose new or modified fees. 2b. Month-to-month Variable Kilowatt Rate Product – Month-to-month variable kilowatt rate products are subject to change without notice at Clearview Energy’s discretion outside of any applicable promotion. If applicable, the Monthly Base Charge may also fluctuate outside of any applicable promotion. All pricing can be viewed at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

  • Rate of Exchange upon request by the Issuer, inform the Issuer of the spot rate of exchange quoted by it for the purchase of the currency in which the relevant Notes are denominated against payment of euro (or such other currency specified by the Issuer) on the date on which the Relevant Agreement (as defined in the Dealer Agreement) in respect of such Notes was made; and