Common use of Inactive Systems Clause in Contracts

Inactive Systems. Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Hydrocarbon Inventory Transfer Times. The IIC will secure these systems by sealing same and/or inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process. The last tickets used to record Product sales, incoming receipts, Product shipments and other Product movements will be photocopied and retained by Xxxx, DCR and the IIC.

Inactive Systems. Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Hydrocarbon Inventory Transfer Times. The IIC will secure these systems by sealing same and/or inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process. The last tickets used to record Product sales, incoming receipts, Product shipments and other Product movements will be photocopied and retained by Xxxx, DCR PRC and the IIC.

Inactive Systems. Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Hydrocarbon Inventory Transfer TimesTime. The IIC will secure these systems by sealing same and/or inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process. The last tickets used to record Product sales, incoming receipts, Product shipments and other Product movements will be photocopied and retained by Xxxx, DCR and the IIC.

Inactive Systems. Meter readings shall be obtained on all inactive metered systems (tank truck rack, rail car rack and pipeline) in advance of the Hydrocarbon Inventory Transfer TimesTime. The IIC will secure these systems by sealing same and/or inserting meter tickets in these meters to ensure that no Product is moved through these systems during the physical inventory process. The last tickets used to record Product sales, incoming receipts, Product shipments and other Product movements will be photocopied and retained by Xxxx, DCR PRC and the IIC.