Common use of Readings/Estimates Clause in Contracts

Readings/Estimates. The readings made of the meters for the purpose of billing Flossmoor shall be made by Homewood on the first business day of every calendar month and promptly provided to Flossmoor. The amount of Water purchased and sold shall be determined by the meter readings installed at the Point of Delivery/Point of Connection, as aforesaid, and Flossmoor shall pay for the amount of Water as shown by such readings at the rates hereinafter provided. If such meter or meters malfunction or fail to operate properly for a period of thirty (30) days or more, until such meter(s) are repaired or replaced, then the Parties shall compute the water delivered and not metered on the basis of the water readings for the same month of the previous year, and the daily average for such period shall be used as the basis for computing the amount of Water delivered and not metered, and the amount to be paid for such unmetered period shall be based upon such computation.

Appears in 1 contract

Sources: Water Sale and Purchase Agreement

Readings/Estimates. The readings made of the meters for the purpose of billing Flossmoor East ▇▇▇▇▇ Crest shall be made by Homewood on the first business day of every calendar month and promptly provided to FlossmoorEast ▇▇▇▇▇ Crest. The amount of Water purchased and sold shall be determined by the meter readings installed at the Point of Delivery/Point of Connection, as aforesaid, and Flossmoor East ▇▇▇▇▇ Crest shall pay for the amount of Water as shown by such readings at the rates hereinafter provided. If such meter or meters malfunction or fail to operate properly for a period of thirty (30) days or more, until such meter(s) are repaired or replaced, then the Parties shall compute the water delivered and not metered on the basis of the water readings for the same month of the previous year, and the daily average for such period shall be used as the basis for computing the amount of Water delivered and not metered, and the amount to be paid for such unmetered period shall be based upon such computation.

Appears in 1 contract

Sources: Water Sale and Purchase Agreement