deposited persuant

pars

Member
Joined
Aug 11, 2015
Member Type
Student or Learner
Native Language
Persian
Home Country
Iran
Current Location
Iran
Hi! What is the exact meaning of the following passage? It is about the oil agreement between Iran and England in 1953. Of course, there were few passages before this one, which were related to each other as a, b, c, and so on. If more details or information were needed, I can add them.

"If in any year the amounts deposited pursuant to (b) above less than one-twentieth of the balance due the company after the deduction of payments under (a) above, the company shall be entitled to receive and Iran shall deliver free crude oil equal to 25 percent of the amount, if any, by which Iran’s exports of oil and oil products in that year fall short of 20 million tons."
Tanks very much.
 

Tdol

Editor, UsingEnglish.com
Staff member
Joined
Nov 13, 2002
Member Type
Native Language
British English
Home Country
UK
Current Location
Japan
In accordance with/following
 
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