Common use of REVISIONS AND AMENDMENTS Clause in Contracts

REVISIONS AND AMENDMENTS. 9.4 In the event of a change in the technical conditions or economics used in the formulation of the Development Plan, the Concessionaire may submit revisions or amendments to the ANP, accompanied by supporting reasons, and in accordance with applicable Brazilian legislation and with Oil Industry Best Practice. If the Development Plan at any time ceases to comply with applicable Brazilian laws and regulations or with Oil Industry Best Practice, the Concessionaire shall be obligated to amend it so that it so complies. Amendments shall be subject to the ANP’s review and approval applying, mutatis mutandis, the provisions in paragraph 9.3. If the ANP believes that a Development Plan has ceased to comply with applicable Brazilian legislation and Oil Industry Best Practice, it may require the Concessionaire to make appropriate amendments.

REVISIONS AND AMENDMENTS. 9.4 9.8 In the event of a change in the technical or economical conditions or economics used in the formulation preparation of the Development Plan, the Concessionaire may submit revisions or amendments to the ANP, accompanied by supporting reasons, and in accordance with the applicable Brazilian legislation and with the Best Practices of the Oil Industry Best PracticeIndustry. If If, at any time, the Development Plan at any time ceases to comply with the applicable Brazilian laws and regulations legislation or with the Best Practices of the Oil Industry Best PracticeIndustry, the Concessionaire shall be obligated bound to amend it so that it so complies. Amendments shall be subject to the ANP’s review and approval applying, mutatis mutandis, the provisions in paragraph 9.39.6. If the ANP believes considers that a Development Plan has ceased to comply with the applicable Brazilian legislation and the Best Practices of the Oil Industry Best PracticeIndustry, it may require the Concessionaire to make appropriate amendments.