Common use of Good Used Material Clause in Contracts

Good Used Material. Good used Material (Condition “B”), being used Material in sound and serviceable condition, suitable for reuse without reconditioning: A. At seventy-five per cent (75%) of current new price if Material was charged to Joint Account as new, or B. At sixty-five per cent (65%) of current new price if Material was originally charged to the Joint Account as secondhand at seventy-five per cent (75%) of new price.

Appears in 2 contracts

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

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Good Used Material. Good used Material material (Condition "B"), being used Material material in sound and serviceable condition, suitable for reuse without reconditioning:. A. At seventy-five per cent percent (75%) of current new price (plus sales tax, if Material any) if material was charged to the Joint Account as new, or B. At sixty-five per cent percent (65%) of current new price (plus sales tax, if Material any) if material was originally charged to the Joint Account as secondhand at seventy-five per cent (75%) of new priceCondition "B" material.

Appears in 1 contract

Samples: Earn in Agreement (Hecla Mining Co/De/)

Good Used Material. Good used Material material (Condition "B"), being used Material material in sound and serviceable condition, suitable for reuse without reconditioning:. A. At seventy-seventy - five per cent percent (75%) of current new price (plus sales tax, if Material any) if material was charged to the Joint Account as new, or B. At sixty-sixty - five per cent percent (65%) of current new price (plus sales tax, if Material any) if material was originally charged to the Joint Account as secondhand at seventy-five per cent (75%) of new priceCondition "B" material.

Appears in 1 contract

Samples: Earn in Agreement (Great Basin Gold LTD)

Good Used Material. Good used Used Material (Condition "B"), being used Material in sound and serviceable condition, suitable for reuse without reconditioning: A. At seventy-five per cent percent (75%) of current new price if Material was charged to Joint Account as new, or B. At sixty-five per cent percent (65%) of current new price if Material was originally charged to the Joint Account as secondhand at seventy-five per cent percent (75%) of new price.

Appears in 1 contract

Samples: Operating Agreement (Enterprise Products Partners L P)

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Good Used Material. Good used Material material (Condition "B"), being used Material in sound and good serviceable condition, suitable for reuse material which is further usable without reconditioning: A. At seventy-five per cent (75%) % of current new price if Material material was charged to Joint Account joint account as new, or B. At sixty-five per cent (65%) 75% of current new price less depreciation consistent with its usage on and service to the joint property, if Material material was originally charged to the Joint Account joint property as secondhand at seventy-five per cent (75%) % of new price.

Appears in 1 contract

Samples: Farmout Agreement (Canada Southern Petroleum LTD)

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