Common use of Used Material Clause in Contracts

Used Material. When the use of material is temporary and its service to the Joint Property does not justify the reduction in price, such material shall be priced on a basis that will leave a net charge to the Joint Account consistent with the value to the Venture.

Appears in 2 contracts

Sources: Earn in Agreement (Great Basin Gold LTD), Earn in Agreement (Hecla Mining Co/De/)

Used Material. When the use of material Material is temporary and its service to the Joint Property does not justify the for reduction in priceprice as provided for in Paragraph 3B of this Section VI, such material Material shall be priced on a basis that will leave a net charge to the Joint Account consistent with the value to of the Ventureservice rendered.

Appears in 1 contract

Sources: Operating Agreement (Enterprise Products Partners L P)