Other Used Material. Other used material (Condition "C"), being material which: (a) After reconditioning will be further serviceable for original function as good secondhand material (Condition "B"), or (b) Is serviceable for original function but substantially not suitable for reconditioning at 50% of current new price.
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Sources: Joint Operating Agreement (Magellan Petroleum Corp /De/), Joint Operating Agreement (Canada Southern Petroleum LTD)
Other Used Material. Other used material (Condition "“C"”), being material which:
(a) After reconditioning will be further serviceable for original function as good secondhand material (Condition "“B"”), or
(b) Is serviceable for original function but substantially not suitable for reconditioning at 50% of current new price.
Appears in 1 contract