Common use of Miscellaneous Scrap Clause in Contracts

Miscellaneous Scrap. With regard to other steel scrap (e.g., crop ends, test coupons, burned-to-length scrap and the like) ("Miscellaneous Scrap") generated by Buyer, the following procedures shall apply: (i) Where rail access is readily available, LPM will load the Miscellaneous Scrap onto rail cars used to deliver the Rounds to LPM hereunder, at which time ownership of such Scrap shall pass to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. Republic shall pay LPM for the Miscellaneous Scrap [****] received from the Lake Terminal scale. All costs associated with the transportation and weighing of such Scrap shall be borne by [****]; (ii) Where rail access is not readily available, LPM will load the Miscellaneous Scrap into scrap boxes ("Boxes") provided and maintained by LPM. When a Box is full, LPM will arrange for delivery of such Box to Republic, with the costs of such delivery to be borne by [****]. Republic shall pay to LPM the amount set forth below for the Miscellaneous Scrap [****], as measured on the truck scales located at the Xxxxx, Inc. Lorain, Ohio facility, with the costs of such weighing to be borne by LPM. Ownership of the Miscellaneous Scrap shall pass to Republic upon delivery of such Scrap to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. (iii) For Miscellaneous Scrap Republic will pay to LPM an amount equal to the arithmetic average of the low and high scrap prices for the Chicago, Cleveland and Pittsburgh areas for plate and structural [****]' maximum, as published by American Metal Market on the fifth working day of the month such scrap is delivered, less $[****] per Gross ton for handling. (iv) LPM agrees to prepare the Miscellaneous Scrap to lengths of approximately [****] feet or less, and will segregate carbon versus alloy wherever possible.

Miscellaneous Scrap. With regard to other steel scrap (e.g., crop ends, test coupons, burned-to-length scrap and the like) ("Miscellaneous Scrap") generated by Buyer, the following procedures shall apply: (i) Where rail access is readily available, LPM will load the Miscellaneous Scrap onto rail cars used to deliver the Rounds to LPM hereunder, at which time ownership of such Scrap shall pass to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. Republic shall pay LPM for the Miscellaneous Scrap [****] received from the Lake Terminal scale. All costs associated with the transportation and weighing of such Scrap shall be borne by [****]Republic; (ii) Where rail access is not readily available, LPM will load the Miscellaneous Scrap into scrap boxes ("Boxes") provided and maintained by LPM. When a Box is full, LPM will arrange for delivery of such Box to Republic, with the costs of such delivery to be borne by [****]LPM. Republic shall pay to LPM the amount set forth below for the Miscellaneous Scrap [****], as measured on the truck scales located at the Xxxxx, Inc. Lorain, Ohio facility, with the costs of such weighing to be borne by LPM. Ownership of the Miscellaneous Scrap shall pass to Republic upon delivery of such Scrap to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. (iii) For Miscellaneous Scrap Republic will pay to LPM an amount equal to the arithmetic average of the low and high scrap prices for the Chicago, Cleveland and Pittsburgh areas for plate and structural [****]5' maximum, as published by American Metal Market on the fifth working day of the month such scrap is delivered, less $[****] per Gross ton for handling. (iv) LPM agrees to prepare the Miscellaneous Scrap to lengths of approximately [****] feet or less, and will segregate carbon versus alloy wherever possible.

Miscellaneous Scrap. With regard to other steel scrap (e.g., crop ends, test coupons, burned-to-length scrap and the like) ("“Miscellaneous Scrap"”) generated by Buyer, the following procedures shall apply: (i) Where rail access is readily available, LPM LTO will load the Miscellaneous Scrap onto rail cars used to deliver the Rounds to LPM LTO hereunder, at which time ownership of such Scrap shall pass to Republic, and LPM LTO shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. Republic shall pay LPM LTO for the Miscellaneous Scrap [****] based upon weight received from the Lake Terminal scale. All costs associated with the transportation and weighing of such Scrap shall be borne by [****]Republic; (ii) Where rail access is not readily available, LPM LTO will load the Miscellaneous Scrap into scrap boxes ("“Boxes"”) provided and maintained by LPMLTO. When a Box is full, LPM LTO will arrange for delivery of such Box to Republic, with the costs of such delivery to be borne by [****]LTO. Republic shall pay to LPM LTO the amount set forth below for the Miscellaneous Scrap [****]based on actual weight, as measured on the truck scales located at the Xxxxx, Inc. Lorain, Ohio facility, with the costs of such weighing to be borne by LPMLTO. Ownership of the Miscellaneous Scrap shall pass to Republic upon delivery of such Scrap to Republic, and LPM LTO shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. (iii) For Miscellaneous Scrap Republic will pay to LPM LTO an amount equal to the arithmetic average of the low and high scrap prices for the Chicago, Cleveland and Pittsburgh areas for plate and structural [****]' 5’ maximum, as published by American Metal Market on the fifth working day of the month such scrap is delivered, less $[****] 6.00 per Gross ton for handling. (iv) LPM LTO agrees to prepare the Miscellaneous Scrap to lengths of approximately [****] 5 feet or less, and will segregate carbon versus alloy wherever possible.

Miscellaneous Scrap. With regard to other steel scrap (e.g., crop ends, test coupons, burned-to-length scrap and the like) ("Miscellaneous Scrap") generated by Buyer, the following procedures shall apply: (i) Where rail access is readily available, LPM will load the Miscellaneous Scrap onto rail cars used to deliver the Rounds to LPM hereunder, at which time ownership of such Scrap shall pass to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. Republic shall pay LPM for the Miscellaneous Scrap [****] received from the Lake Terminal scale. All costs associated with the transportation and weighing of such Scrap shall be borne by [****]Republic; (ii) Where rail access is not readily available, LPM will load the Miscellaneous Scrap into scrap boxes ("Boxes") provided and maintained by LPM. When a Box is full, LPM will arrange for delivery of such Box to Republic, with the costs of such delivery to be borne by [****]LPM. Republic shall pay to LPM the amount set forth below for the Miscellaneous Scrap [****], as measured on the truck scales located at the XxxxxStein, Inc. Lorain, Ohio facility, with the costs of such xx xxch weighing to be borne by LPM. Ownership of the Miscellaneous Scrap shall pass to Republic upon delivery of such Scrap to Republic, and LPM shall have no further claim, right, title, interest, obligation or liability in, to or in connection with such Scrap. (iii) For Miscellaneous Scrap Republic will pay to LPM an amount equal to the arithmetic average of the low and high scrap prices for the Chicago, Cleveland and Pittsburgh areas for plate and structural [****]5' maximum, as published by American Metal Market on the fifth working day of the month such scrap is delivered, less $[****] per Gross ton for handling. (iv) LPM agrees to prepare the Miscellaneous Scrap to lengths of approximately [****] 5 feet or less, and will segregate carbon versus alloy wherever possible.