Common use of Variations of the Principal Agreement Clause in Contracts

Variations of the Principal Agreement. The Principal Agreement is hereby varied as follows: (1) in clause 1 by inserting in the appropriate alphabetical positions the following new definitions: "Agreement Area" means at any time during the term (including as extended from time to time) of this Agreement after the Variation Date, the area comprising all of the areas then the subject of the Petroleum Titles listed in the Schedule to this Agreement (an interest in each of which is held by any or all of the Joint Venturers) and all of the areas then the subject of Petroleum Titles (an interest in each of which is held by any or all of the Joint Venturers) derived from the whole or any part of a Petroleum Title listed in the Schedule to this Agreement;