API/ASTM Standard(s) definition

API/ASTM Standard(s) means the American Petroleum Institute and American Society for Testing Materials standard references in effect as of the Effective Date. In the event such standards are revised or modified during the term of this Agreement, the revised or modified standards shall apply after such revisions or modifications have been evaluated and accepted by the Parties. Unless written notice is given to the other Party within sixty (60) days after the issuance of the revised or modified standards, acceptance of the new standards shall be deemed given.
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Examples of API/ASTM Standard(s) in a sentence

  • Metering systems shall conform to the API/ASTM Standards then in effect relative to meter calibration/accuracy.

  • All volumes or quantities shall be adjusted per API/ASTM Standards.

  • API/ASTM Standards or the latest revisions thereof shall be complied with at all times.

  • The Party responsible for the meters or temperature probes used for measurement under this Agreement shall ensure that such meters and temperature probes are calibrated and proved according to applicable API/ASTM Standards, but in any event, not less frequently than once every six (6) months.

  • The Party responsible for the meters or temperature probes used for measurement under this Agreement shall ensure that such meters and temperature probes are calibrated and proved according to applicable API/ASTM Standards, but in any event, not less frequently than as required by Applicable Law.