Common use of PURCHASE OF MATERIAL Clause in Contracts

PURCHASE OF MATERIAL. 4.1 Subject to subparagraph 4.04 of this Appendix I the Operator shall purchase all Material and procure all services required in the Mining Operations; 4.2 Materials purchased and services procured by the Operator directly for the Mining Operations shall be charges to the Joint Account at the price paid by the Operator less all discounts actually received; 4.3 So far as it is reasonably practical and consistent with efficient and economical operations, the Operator shall purchase, furnish or otherwise acquire only such Material and Assets as may be required for immediate use. The Operator shall attempt to minimise the accumulation of surplus stocks of Material; 4.4 Any Participant may sell Material or services required in the Mining Operations to the Operator for such price and upon such terms and conditions as the Management Committee may approve; 4.5 Notwithstanding the foregoing provisions of this paragraph 4, the Operator shall be entitled to supply for use in connection with the Mining Operations equipment and facilities which are owned by the Operator and to charge the Joint Account with such reasonable costs as are commensurate with the ownership and use thereof.

PURCHASE OF MATERIAL. 4.1 4.01 Subject to subparagraph subsection 4.04 of this Appendix I the Operator shall purchase all Material Materials and procure all services required in the Mining Operations;. 4.2 4.02 Materials purchased and services procured by the Operator directly for the Mining Operations shall be charges charged to the Joint Account at the price paid by the Operator less all discounts actually received;. 4.3 4.03 So far as it is reasonably practical and consistent with efficient and economical operations, the Operator shall purchase, furnish or otherwise acquire only such Material and Assets as may be required for immediate use. The Operator shall attempt to minimise minimize the accumulation of surplus stocks of Material;. 4.4 4.04 Any Participant may sell Material or services required in the Mining Operations to the Operator for such price and upon such terms and conditions as the Management Shareholders’ Committee may approve;. 4.5 4.05 Notwithstanding the foregoing provisions of this paragraph section 4, the Operator shall be entitled to supply for use in connection with the Mining Operations equipment and facilities which are owned by the Operator and to charge the Joint Account with such reasonable costs as are commensurate with the ownership and use thereof.