Local Content Policy definition

Local Content Policy means the policy of the Government with respect to Local Content as stated in this Contract and in the relevant policy documents.

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Local Content Policy means the policy of the Government with respect to Local Content.

Local Content Policy shall have the meaning set forth in Section 15.5 (Local Content).

Examples of Local Content Policy in a sentence

Contractor shall comply with the Local Content Policy in effect from time to time.
In implementing the immediately preceding sentence, the Founding Shareholders acknowledge and agree that it is their intention to cause the Company to replicate the experiences of Saudi Aramco with its high Saudization levels in the technical and management professions and, in this context, the Shareholders agree to do everything that is reasonably within their power to ensure that the Company adheres to the Local Content Policy.
In implementing the immediately preceding sentence, the Founding - 61 - Shareholders acknowledge and agree that it is their intention to cause the Company to replicate the experiences of Saudi Aramco with its high Saudization levels in the technical and management professions and, in this context, the Shareholders agree to do everything that is reasonably within their power to ensure that the Company adheres to the Local Content Policy.
The Shareholders shall cause the Company to aim to maximize the engagement and utilization of Saudi contractors, material suppliers and employees in a manner that is consistent with the Maximization of Local Content Policy of the Company as set forth in Schedule 11.

More Definitions of Local Content Policy

Local Content Policy has the meaning given to it in Article 26.

Local Content Policy shall have the meaning set forth in Section 15.5 (Local Content). “Losses” shall mean, with respect to any Person, any damages, losses, liabilities, - 14 - claims of any kind, interest, commission, or expenses (including reasonable attorneys’ fees and expenses in defending against such liabilities and claims), suffered, incurred or paid, directly or indirectly, by such Person. “Management Team” shall have the meaning set forth in Section 12.1(a) (The Management Team and Senior Officers). “Marketer” shall have the meaning set forth in each PMLA. “Marketer’s Annual Report” shall have the meaning set forth in each PMLA. “Marketer’s Draft Marketing Plan” shall mean, with respect to any PMLA, the draft marketing plan for a Contract Year to be provided by the Marketer under such PMLA. “Marketer’s Marketing Plan” shall mean, with respect to any PMLA, the Marketer’s Draft Marketing Plan for a Contract Year as amended and approved by the Board in accordance with Sections 8.6(d)(ii)(A) (Board Action in General) and 13.3 (Marketing Plans). “Marketer’s Semi-Annual Report” shall have the meaning set forth in each PMLA. “Marketer Standard Sales Contract” shall mean, with respect to any PMLA, each standard form sales contract applicable to such PMLA. “Marketing Council” shall have the meaning set forth in Section 12.3(a) (The Marketing Council). “Middle East Zone” shall mean the Federal Republic of Iraq, the Lebanese Republic, the Syrian Arab Republic, the Hashemite Kingdom of Jordan, the Arab Republic of Egypt, Palestine, and the Islamic Republic of Iran, subject in each case to any restrictions on marketing any Products in, with, or to any such jurisdiction or any Person associated with such jurisdiction as set forth in any PMLA with respect to such Product. “Minimum Interest” shall mean, prior to the expiration of the Minimum Retention Period and: