Common use of During the Development Period Clause in Contracts

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute at least twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws;

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute annually increase at least a constant rate starting at twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws;

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute at least twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate until the Year 2025 when it shall constitute will amount to at least thirty-five percent (35%), which shall . Compliance will be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws;

During the Development Period. (1) To comply each Year with a minimum percentage of national content of the value of all the items indicated in the Methodology which have been purchased or contracted for Petroleum Activities during the Development Period, which shall constitute annually increase at least a constant rate starting at twenty-five percent (25%) in the first Year of the Development Period, and shall increase annually at a constant rate Period until the Year 2025 when it shall constitute at least thirty-five percent (35%), which shall be verified annually by the Ministry of Economy in accordance with such Methodology and the Applicable Laws;