Other Used Material Clause Samples
Other Used Material. (1) Condition C. Material which is not in sound and serviceable condition and not suitable for its original function until after reconditioning shall be priced at fifty percent (50%) of current new price as determined by Paragraph A. The cost of reconditioning shall be charged to the receiving property, provided Condition C value plus cost of reconditioning does not exceed Condition B value.
(2) Condition D. Material, excluding junk, no longer suitable for its original purpose, but usable for some other purpose shall be priced on a basis commensurate with its use. Operator may dispose of Condition D Material under procedures normally used by Operator without prior approval of Non-Operators.
(a) Casing, tubing, or drill pipe used as line pipe shall be priced as Grade A and B seamless line pipe of comparable size and weight. Used casing, tubing or drill pipe utilized as line pipe shall be priced at used line pipe prices.
(b) Casing, tubing or drill pipe used as higher pressure service lines than standard line pipe, e.g. power oil lines, shall be priced under normal pricing procedures for casing, tubing, or drill pipe. Upset tubular goods shall be priced on a non upset basis.
Other Used Material. (1) Condition C — Material which is not in sound and serviceable condition and not suitable for its original function until after reconditioning shall be priced a fifty percent (50%) of current new price as determined by paragraph 3.2 A(1). The cost of reconditioning shall be charged to the receiving property, provided Condition C value plus cost of reconditioning does not exceed seventy-five percent (75%) of the current new price, as determined in paragraph 3.2 A(1). Operator shall for Condition C material notify System Owners of the plan to dispose of the material and price at which the Material will be offered for sale. For twenty (20) days following Operator’s delivery of such notice, System Owners will have the option to purchase such Material at the offering price. If Operator does not receive written notice of System Owners exercise of such option accompanied with the funds to purchase the Material within twenty (20) days after notifying System Owner of the plan to dispose of such Material, the System Owners shall be deemed to have consented to such sale to a third party or Operator may proceed with the sale thereof.
(2) Condition D — Material, excluding junk, no longer suitable for its original purpose, but usable for some other purpose shall be priced on a basis commensurate with its use. Operator may dispose of Condition D Material under procedures normally used by Operator without prior approval of System Owners.
(3) Condition E - Junk shall be priced at prevailing prices in the area. Operator may dispose of Condition E Material under procedures normally utilized by Operator without prior approval of System Owners.
Other Used Material. Other used material (Condition "C"), being material which:
(a) After reconditioning will be further serviceable for original function as good secondhand material (Condition "B"), or
(b) Is serviceable for original function but substantially not suitable for reconditioning at 50% of current new price.
Other Used Material. Used Material (Condition “C”), at fifty per cent (50%) of current new price, being used Material which:
A. Is not in sound and serviceable condition but suitable for reuse after reconditioning, or
B. Is serviceable for original function but not suitable for reconditioning.
Other Used Material. Other used Material (Condition "C") as defined hereafter shall be priced at 50 percent of current New Price:
5.4.01 Used Material which after reconditioning will be further serviceable for original function as good secondhand material (Condition "B"), or
5.4.02 Used Material which is serviceable for original function but not substantially suitable for reconditioning.
Other Used Material. Other used material (condition “C”) means material still usable for its initial purpose, but only after repairs and reconditioning : fifty percent (50%) of the Net Cost of new material as defined in paragraph (a).
Other Used Material