Scrap dealer definition
Examples of Scrap dealer in a sentence
Supplier shall advise Company of any Scrap and if the Parties agree that such designated Scrap is not suitable for reuse in the manufacture of Products in whole or in part, such Scrap shall be provided only to a Company approved Scrap dealer for reclamation.
Any reclamation value received from a Scrap dealer shall accrue to Supplier, except in the case that Company bears the Scrap costs, in which event any reclamation value shall accrue to Company or such other entity as Company may instruct.
At or before the Property Closing, Property Owner Subsidiary shall also enter into an Asset Management Agreement substantially in the form SMRH:479102057.10 19 of Exhibit E attached hereto (the “Asset Management Agreement”) with MWest Holdings LLC (the “Asset Manager”) or such entity approved by the Managing Member and the KBS Member.
Supplier shall advise Company of any Scrap and if the parties agree that such designated Scrap is not suitable for reuse in the manufacture of Products in whole or in part, such Scrap shall be provided only to Company’s designated Scrap dealer for reclamation value to be accrued to Company, unless otherwise instructed by Company.