Common use of Release of Metal Clause in Contracts

Release of Metal. Umicore will release a quantity of Metal, not exceeding the then- current credit balance, from Customer’s Metal Account following receipt of instructions from Customer’s authorized representatives. The release will occur as promptly as practical following Umicore’s receipt of such instructions, but no later than three (3) weeks thereafter. Released Metal will be delivered in the same manner as Goods in accordance with and subject to Section 4 (Goods). Customer may request that a quantity of Metal, not exceeding the then-current credit balance, be transferred to the Metal Account of a third party or transferred for release to Customer at a location other than Umicore’s facility. Any such transfer will be subject to the payment of additional fees and requirements established by Umicore. Umicore may provide packaging, certification of assay, or other services in connection with the release of Metal, subject to payment by Customer of Umicore’s fees for such services. Except as provided in this Section, the price of released Metal will be in accordance with and subject to Section 7 (Price and Taxes). Customer shall pay for released Metal within five (5) business days after the date of its release.

Release of Metal. Umicore will release a quantity of Metal, not exceeding the then- then-current credit balance, from Customer’s Metal Account following receipt of instructions from Customer’s authorized representativesrepresentative. The release will occur as promptly as practical following Umicore’s receipt of such instructions, but no later than three (3) 3 weeks thereafter. Released Delivery of released Metal will be delivered in the same manner as Goods made in accordance with and subject to Section 4 8 (GoodsDelivery) and Section 9 (Price and Title). Customer may request that a quantity of Metal, not exceeding the then-current credit balance, be transferred to the Metal Account of a third party or transferred for release to Customer at a location other than Umicore’s facility. Any such transfer will be subject to the payment of additional fees and requirements established by Umicore. Umicore may provide packaging, certification of assay, or other services in connection with the release of Metal, subject to payment by Customer of Umicore’s fees for such services. Except as provided in this Section, the price of released Metal will be in accordance with and subject to Section 7 (Price and Taxes). Customer shall pay for released Metal within five (5) business days after the date of its release.