Surplus of Local Content Sample Clauses

Surplus of Local Content. If the Contracted Party exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter. The surplus of Local Content transferred may not be used in the compensation of items and sub-items associated with the basic and detailed engineering. The amount of the investment surplus of Local Content originated from items and sub-items associated with the basic and detailed engineering will be transferred multiplied by 2 (two). The transfer of the Local Content surplus should be directed to the modules of the development phase in the order of their deployment. The transfer of Local Content surplus amounts: Is bound to previous authorization by ANP; Should be directed to specific items, indicated by the Contracted Party at the time of its transfer request; and Does not relieve the Contracted Party from the compliance with the overall percentage of Local Content.
Sample 1Sample 2
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Surplus of Local Content. If the dealer exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter.
Sample 1Sample 2
Surplus of Local Content. If the Contractors exceed the required Local Content, in the Exploration Phase or in a Development Module, the excess value, in national currency, may be transferred to the Development Modules to be subsequently implemented. The Operator must indicate the Macrogroup to which the surplus of the Exploration Phase will be directed. Any surpluses verified in the Development Modules may be transferred only between the same Macrogroups. The request for transfer of surplus must be submitted to ANP within 30 (thirty) days from the first business day following the receipt by the Operator of the Local Content Inspection Report of the Production Development Phase, or subsequent modules in the case of modular Development. The surplus monetary value will be adjusted by the IGP-DI or other index that may replace it.
Sample 1Sample 2
Surplus of Local Content. If the Contractors exceed the required Local Content, in the Exploration Phase or in a Development Module, the excess value, in national currency, may be transferred to the Development Modules to be subsequently implemented.
Sample 1
Surplus of Local Content. If the dealer exceeds the Local Content it undertook, either at the exploration phase or in a module of the development phase, the surplus amount, in Real, may be transferred to the module of the development phase to be implanted thereafter. The transfer of the Local Content surplus should be directed to the modules of the development phase in the order of their deployment. Any balance in excess of Local Content may be transferred to Modules of the subsequent development phase. The transfer of Local Content surplus amounts: Is bound to previous authorization by ANP; Should be directed to specific items, indicated by the Concessionaire at the time of its transfer request; and Does not relieve the Concessionaire from the compliance with the overall percentage of Local Content.
Sample 1

Related to Surplus of Local Content

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  • Links and Frames Links to other sites may be provided on the portion of the Site through which the Service is offered for your convenience. By providing these links, we are not endorsing, sponsoring or recommending such sites or the materials disseminated by or services provided by them, and are not responsible for the materials, services or other situations at or related to or from any other site, and make no representations concerning the content of sites listed in any of the Service web pages. Consequently, we cannot be held responsible for the accuracy, relevancy, copyright compliance, legality or decency of material contained in sites listed in any search results or otherwise linked to the Site. For example, if you "click" on a banner advertisement or a search result, your "click" may take you off the Site. This may include links from advertisers, sponsors, and content partners that may use our logo(s) as part of a co-branding agreement. These other sites may send their own cookies to users, collect data, solicit personal information, or contain information that you may find inappropriate or offensive. In addition, advertisers on the Site may send cookies to users that we do not control. You may link to the home page of our Site. However, you may not link to other pages of our Site without our express written permission. You also may not "frame" material on our Site without our express written permission. We reserve the right to disable links from any third party sites to the Site.

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