tolling agreement. An agreement by a toller with an owner of raw materials to process the raw material for a specified fee ("toll") into a product with the raw material and the product remaining the property of the provider of the raw material. (Wiktionary)
tolling contract. Type of take-or-pay contract for conversion, processing or transportation (usually through a pipeline) of raw material or finished product. Used commonly in oil and gas industry, a tolling contract does not require the converter, processor, or transporter to purchase the input material or to sell the output product. (BusinessDictionary)
Toll Material means Secondary Material received from a third Party pursuant to a tolling arrangement or agreement that requires SMC to process the material and to return the material after such processing. (LawInsider)
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