Common use of Meter Tests Clause in Contracts

Meter Tests. Seller or its designated representative shall ensure that its measuring equipment is accurate and is operated and maintained in good repair, and that tests are made at least once each Month to ensure the accuracy of such metering equipment. Seller shall ensure that the Buyer is given at least forty-eight (48) hours’ notice of each such test of the measuring equipment in order that, if Buyer desires, Buyer may have its representative present to witness such tests. If, upon any test, the measuring equipment is found to be inaccurate to the extent that it affects the aggregate measurement accuracy by an amount exceeding two percent (2%), registrations thereof shall be corrected for a period extending back to the time such inaccuracy occurred. If such time is not ascertainable, then the registrations will be corrected for the period extending back one-half of the time elapsed since the last date of calibration; provided, no retroactive correction shall be made for recorded inaccuracies of two percent (2%) or less in the aggregate. Meters will be adjusted or repaired on a timely basis. Special tests of the measuring equipment can be requested of Seller or its representative by Buyer at any time, with the cost thereof being paid by Buyer unless the meter is found to be inaccurate by an amount exceeding two percent (2%).

Appears in 3 contracts

Samples: Product Sale and Purchase Contract (Resolute Energy Partners, LP), Product Sale and Purchase Contract (Resolute Energy Corp), Product Sale and Purchase Contract (Resolute Energy Corp)

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Meter Tests. Seller or its designated representative shall ensure that its measuring equipment is accurate and is operated and maintained in good repair, and that tests are made at least once each Month to ensure the accuracy of such metering equipment. Seller shall ensure that the Buyer is given at least forty-eight (48) hours’ notice of each such test of the measuring equipment in order that, if Buyer desires, Buyer may have its representative present to witness such tests. If, upon any test, the measuring equipment is found to be inaccurate to the extent that it affects the aggregate measurement accuracy by an amount exceeding two percent (2%), registrations thereof shall be corrected for a period extending back to the time such inaccuracy occurred. If such time is not ascertainable, then the registrations will be corrected for the period extending back one-half (1/2) of the time elapsed since the last date of calibration; provided, no retroactive correction shall be made for recorded inaccuracies of two percent (2%) or less in the aggregate. Meters will be adjusted or repaired on a timely basis. Special tests of the measuring equipment can be requested of Seller or its representative by Buyer at any time, with the cost thereof being paid by Buyer unless the meter is found to be inaccurate by an amount exceeding two percent (2%).

Appears in 1 contract

Samples: Purchase Contract (Rancher Energy Corp.)

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