Common use of Contractual Definitions Clause in Contracts

Contractual Definitions. Also for the purposes and effects of this Agreement, the definitions contained in this paragraph shall also be valid whenever the following words and phrases are used in the singular or plural, in the masculine or feminine gender: Oil or Gas Availability Agreement: agreement entered into by and between the Consortium Members to govern the availability of Oil and Natural Gas produced to the original owners. Affiliate: any controlling or controlled legal entity of private law performing a business activity under arts. 1,098 to 1,100 of the Brazilian Civil Code, as well as entities directly or indirectly controlled by the same legal entity. Contract Area: area of the Block which superficial projection is delimited by the polygon defined in Annex I or the Block plots retained by the Contracted Party after the partial relinquishments provided for in this Agreement are made. Development Area: any plot of the Contract Area retained for the Development Phase. Audit of the Cost and Profit Oil: verification of the legitimacy of expenditures and Production made by the Operator and recognized by the Manager as the Cost Oil and Profit Oil.

Contractual Definitions. Also for the purposes and effects of this Agreement, the definitions contained in this paragraph shall also be valid whenever the following words and phrases are used in the singular or plural, in the masculine or feminine gender: Oil or Gas Availability Agreement: agreement entered into by and between the Consortium Members to govern the availability of Oil and Natural or Gas produced to the original owners. Affiliate: any controlling or controlled legal entity of private law law, performing a business activity under arts. 1,098 to 1,100 of the Brazilian Civil Code, as well as entities directly or indirectly controlled by the same legal entitycompany. Contract Area: area of the Block which superficial projection is delimited by the polygon defined in Annex I or the plots of the Block plots retained by the Contracted Party Contractor after the partial relinquishments provided for in this Agreement herein are made. Development Area: any plot of the Contract Area retained for the Development Phase. Audit of the Cost and Profit Oil: verification of the legitimacy of expenditures and Production made by the Operator and recognized by the Manager as the Cost Oil and Profit Oil.