Common use of During the Development Period Clause in Contracts

During the Development Period. (1) To comply with a minimum percentage of national content of four percent (4%) of all the items indicated in the Methodology which have been purchased or contracted since the approval of the Development Plan and upon the beginning of the Regular Commercial Production. Such minimum percentage shall increase up to ten percent (10%) of the referred concepts, from the beginning of the Regular Commercial Production in any Development Area. Compliance with the minimum percentage of national content shall be verified by the Ministry of Economy every three (3) Years and shall include all items purchased or contracted during the Development Period in terms of the Methodology and the Applicable Laws.