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.
Appears in 3 contracts
Samples: Golden Lane Participation Agreement (New Source Energy Partners L.P.), Operating Agreement (New Source Energy Corp), Golden Lane Participation Agreement (New Source Energy Corp)
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 50 reconditioning shall be charged to the receiving property, provided Condition C value plus cost of reconditioning does not exceed Condition B value.
Appears in 1 contract
Samples: Joint Operating Agreement
