tolling agreement

noun3

1. •
   An agreement that has the effect of tolling or suspending the course of a fixed period of time, as a statute of limitations.
2. •
   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. E.g. converting fuel into electricity at a certain price.

   • In the mining industry, the owner of semi-processed material might enter into a tolling agreement with a smelter or refiner to turn his semi-processed product into metal — 2006
3. •
   An agreement to deliver a specified amount of raw material per period through a particular processing facility.