Common use of New Material Clause in Contracts

New Material. New Material (Condition “A”), being new Material procured for the Joint Property but never used, at one hundred per cent (100%) of current new price (plus sales tax if any).

Appears in 2 contracts

Sources: Unit Agreement (Resaca Exploitation, Inc.), Unit Agreement (Resaca Exploitation, Inc.)

New Material. New Material (Condition “"A”"), being new New Material procured for the Joint Property but never used, at one hundred per cent percent (100%) of current new price New Price (plus sales tax if any).

Appears in 1 contract

Sources: Operating Agreement (Alamo Energy Corp.)

New Material. New Material material (Condition “A”), being new Material equipment or supplies purchased or procured for the Joint Property property but never usedused thereon, at one hundred per cent (100%) of current new price (plus sales tax if any)price.

Appears in 1 contract

Sources: Joint Venture Agreement (Eflo Energy, Inc.)

New Material. New Material material (Condition “"A”), ") being new Material material purchased or procured for the Joint Property joint property but never usedused thereon, at one hundred per cent percent (100%) of current new price (plus sales tax if any)price.

Appears in 1 contract

Sources: Farmout Agreement (Canada Southern Petroleum LTD)