Common use of Purchase of Materials Clause in Contracts

Purchase of Materials. All material, equipment and supplies used or consumed at the Ethylene Assets will be owned by Owner and purchased or furnished for its account. So far as is reasonably practical and consistent with efficient, safe and economical operation as determined by the Westlake Parties, only such material shall be obtained for the Ethylene Assets as may be required for immediate or near-term use, and the accumulation of surplus stock shall be avoided. To the extent reasonably possible, the Westlake Parties shall take advantage of discounts available by early payments and pass such benefits (or an allocable portion thereof) on to Owner.