Common use of Production Volume Variance Clause in Contracts

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance a variation higher than the referred percentage, the Consortium Members Concessionaire shall submit the justification to ANP by the fifteenth (15th) day of the month following the variancevariation, pursuant to the Applicable Laws and Regulations. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance a variation higher than the referred percentage, the Consortium Members Concessionaire shall submit the justification to ANP by the fifteenth (15th) day of the month following the variancevariation. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variance. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP. In case variance is greater than fifteen percent (15%) when compared to the volume expected for the corresponding month in the Annual Production Program, the Concessionaire shall present a justification to ANP by the fifteenth (15th) day of the subsequent month, pursuant to the Applicable Laws and Regulations.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance a variation higher than the referred percentage, the Consortium Members Concessionaire shall submit the justification to ANP by the fifteenth (15th) day of the month following the variancevariation, pursuant to the Applicable Laws. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance a variation higher than the referred percentage, the Consortium Members shall submit the justification to ANP by the fifteenth (15th) day of the month following the variancevariation, pursuant to the Applicable Laws and Regulations. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.

Production Volume Variance. The volume produced in the Field each month may not vary by more than fifteen percent (15%) when compared to the Production volume expected for the corresponding month in the Annual Production Program. In case of variance a variation higher than the referred such percentage, the Consortium Members Concessionaire shall submit the justification to ANP by the fifteenth (15th) day of the month following the variancevariation. A variance greater than such percentage shall be allowed if due to technical reasons, acts of God, force majeure, or similar causes that shall be assessed by ANP.