Common use of Umpire Assay Between Parties’ Assays Clause in Contracts

Umpire Assay Between Parties’ Assays. Should the umpire assay fall between the results of the two Parties or coincide with either, the arithmetical mean of the umpire assay and the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay. In the event that the umpire assay is exactly between the assay of the two Parties, the umpire assay shall be taken as the Final Assay.

Appears in 3 contracts

Samples: Refining Agreement (Stillwater Mining Co /De/), Refining Agreement (Stillwater Mining Co /De/), Refining Agreement (Stillwater Mining Co /De/)

AutoNDA by SimpleDocs

Umpire Assay Between Parties’ Assays. Should the umpire ------------------------------------ assay fall between the results of the two Parties or coincide with either, the arithmetical mean of the umpire assay and the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay. In the event that the umpire assay is exactly between the assay of the two Parties, the umpire assay shall be taken as the Final Assay.

Appears in 1 contract

Samples: PGM Concentrate Refining Agreement (Stillwater Mining Co /De/)

AutoNDA by SimpleDocs

Umpire Assay Between Parties’ Assays. Should the umpire assay fall between the results of the two Parties or coincide with either, either the arithmetical mean of the umpire assay and the assay of the Party which is nearer to the umpire assay shall be taken as the Final Assay. In the event that the umpire assay is exactly between the assay of the two Parties, the umpire assay shall be taken as the Final Assay.

Appears in 1 contract

Samples: Master Goods and Services Agreement (Stillwater Mining Co /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!