ARTICLE 1. DEFINITIONS

In these Statutes and the EUROPEAN CHAMBER OF COMMERCE Rules, the following words and expressions shall have the following meanings:

1.1 "Associate Member" shall mean any Associate Corporate Member or Associate Individual Member;
1.2 “Auditor” shall mean one or more qualified persons duly authorized to practice in Vietnam to audit the accounts of the EUROPEAN CHAMBER OF COMMERCE in accordance with Article 16;
1.3 "Company" shall mean any State-owned or private incorporated company, any majority-owned subsidiary of such company, any partnership, sole proprietorship or association;
1.4 "Corporate Member" shall mean any Ordinary Corporate Member or Associate Corporate Member;
1.5 "EUROPEAN CHAMBER OF COMMERCE Contracts" shall mean any contracts signed by the EUROPEAN CHAMBER OF COMMERCE and third parties relating to Funding, as such contracts are amended or modified from time to time in accordance with the written agreement of the parties thereto;
1.6 "EUROPEAN CHAMBER OF COMMERCE Decision" means the decision of the relevant authorities of Vietnam authorizing the establishment of the EUROPEAN CHAMBER OF COMMERCE on the terms of these Statutes;
1.7 "EUROPEAN CHAMBER OF COMMERCE Meetings" shall mean any meetings of Members called in accordance with these Statutes and the EUROPEAN CHAMBER OF COMMERCE Rules;
1.8 "EUROPEAN CHAMBER OF COMMERCE Rules" shall mean the rules relating to the day-to-day management and operation of the EUROPEAN CHAMBER OF COMMERCE approved by the Ordinary Members from time to time in accordance with Article 6.4;
1.9 "EC" shall mean the European Commission;
1.10 "EU" shall mean the European Union;
1.11 "EU Member States" shall include any state which is at any time now or in the future a member of the EU;
1.12 "Executive Committee" shall mean the executive committee of the EUROPEAN CHAMBER OF COMMERCE established in accordance with Article 9.1;
1.13 "Funding" shall mean any and all funding received by the EUROPEAN CHAMBER OF COMMERCE;
1.14 "Funds" shall mean any funds provided to or charged by the EUROPEAN CHAMBER OF COMMERCE (including any Funding, fees charged to Members by the EUROPEAN CHAMBER OF COMMERCE and fees charged for Services);
1.15 "Member" shall mean any Ordinary Corporate Member, Ordinary Individual Member, Associate Corporate Member, Associate Individual Member or Honorary Member;
1.16 "Ordinary Member" shall mean any Ordinary Corporate Member or Ordinary Individual Member;
1.17 "Services" shall mean any facilities, activities, services and/or information provided by, or as a benefit of membership, the EUROPEAN CHAMBER OF COMMERCE;
1.18 "Statutes" shall mean these Statutes and any amendments hereto;
1.19 "Vietnam" shall mean the Socialist Republic of Vietnam.

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