Common use of Used Material Clause in Contracts

Used Material. 1. Used material in sound and serviceable condition and suitable for reuse shall be priced at seventy-five percent (75%) of the current price of new material as determined in Paragraph 2A above. 2. Used material which cannot be classified as being in a sound and serviceable condition and which is no longer suitable for its original purpose, but usable for some other purpose, shall be priced on the basis comparable with that of items normally used for such other purpose, 3. Premium Prices Whenever material is not readily obtainable at the prices contemplated by a Partner for a project (which project has received all necessary approvals as provided in this Agreement) because of national emergencies, strikes or other unusual causes over which such Partner has no control, such Partner may charge for the required material at the premium price (including the cost of making it suitable for use and of moving it to the System), provided that further approval therefor has been obtained from the Management Committee.