Common use of Metering System Clause in Contracts

Metering System. (a) The Parties acknowledge that for the purposes of determining Net Delivered Energy of the Complex, the Metering Systems and Back-Up Metering Systems are required prior to the delivery of any Net Delivered Energy to the Interconnection Point for sale hereunder. (b) Not later than one hundred and eighty (180) Days prior to the then Scheduled Commercial Operations Date, the Purchaser shall have procured at its expense and shall provide to the Seller the Metering System. If the Purchaser has not provided the Metering System to the Seller by such date, the Seller may procure the Metering System (with specifications stated in Schedule 6) and invoice the Purchaser for the reasonable cost thereof as a Pass-Through Item. As a part of the Metering System, the Purchaser shall procure and the Seller shall install an electronic recorder or any other state-of-the-art recording equipment capable of making continuous recordings of the Net Delivered Energy of the Complex, which, after procurement and installation by the Seller shall constitute part of the Metering System. Such Net Delivered Energy shall be measured and recorded on appropriate magnetic media or equivalent, which recording shall be used to compute Energy Payments under Section 9.1 and Sections 9.6(b) and (c) respectively.

Appears in 2 contracts

Sources: Energy Purchase Agreement, Energy Purchase Agreement