LACT Units definition

LACT Units or “LACT” means the Lease Automatic Custody Transfer units that, among other things, measure the volume and quality of the Product entering or leaving the System.
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LACT Units means the Lease Automatic Custody Transfer units that, among other things, measure the volume and quality of the Crude Petroleum entering or leaving Carrier’s System.
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LACT Units means lease automated custody transfer units, constructed in accordance with the American Petroleum Institute Manual of Petroleum Measurement Standards.
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Examples of LACT Units in a sentence

  • For those tank battery receipt points constructed by Carrier where Shipper elects for Carrier to own, operate, maintain and repair the LACT Units, a charge of [U] $0.1250 shall be assessed in addition to the transportation rates applicable to such Shipper, as set forth in Tables 4 and 5, for shipments originating from such tank battery receipt points.

  • For those tank battery receipt points constructed by Carrier where Shipper elects for Carrier to own, operate, maintain and repair the LACT Units, a charge of [U] $0.1250 shall be assessed in addition to the transportation rates applicable to such Shipper, as set forth in Tables 1 and 2, for shipments originating from such tank battery receipt points.

  • For those tank battery receipt points constructed by Carrier where Shipper elects for Carrier to own, operate, maintain and repair the LACT Units, a charge of [U] $0.10 shall be assessed in addition to the gathering rates applicable to such Shipper, as set forth in Tables 1 and 2, for shipments originating from such tank battery receipt points.

  • Four Lease Automatic Custody Transfer (LACT) Units will be installed at the location for royalty determination purposes as required by Bureau of Safety and Environmental Enforcement (BSEE).In accordance with Santa Barbara regulations, ExxonMobil is requesting the approval of a permit as detailed in the attached application and supporting documents.

  • Gatherer is responsible for and will bear all costs associated with proving LACT Units.

  • The proposed onsite facilities include the installation of up to four LACT Units, associated piping, electrical and communication connections, pipe and equipment supports, operator shelter, paving of selected areas, and containment and drainage grading.

  • This means that as performance planning increase by 1% employees’ OC also increased by 21%.

  • Also, the bodies and structures responsible for compliance with all these rules adopted a large number of legislative acts.

  • The operating lease payments do not include operating expenses or utilities, which are adjusted annually.

  • Trained to refer women experiencing postpartum hemorrhage to the nearest health facility, but specific medications for treatment are not mentioned.

Related to LACT Units

  • Common Units is defined in the Partnership Agreement.

  • Units means the units of the Company, each comprised of one share of Common Stock and one-half of one Warrant.

  • Company Units has the meaning set forth in the Recitals.

  • Trust Units means units of the Trust;

  • LLC Units has the meaning set forth in the LLC Agreement.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Initial Units means, with respect to any Initial Limited Partner, the aggregate number of Class A Units owned by such Initial Limited Partner as of the date of this Agreement.

  • public units means the state or a political subdivision or instrumentality of the state including a county, school corporation, special district, drainage district, unincorporated town or township, municipality, or municipal corporation or any agency, board, or commission of the state or a political subdivision; any court or public body; an electric power agency; federal and state grant moneys of a quasi-public state entity under Iowa Code section 12C.1, subsection (2e), and this chapter. Public units additionally include, but are not limited to:

  • Offered Units has the meaning set forth in Section 9.03(a)(i).

  • Membership Units has the meaning set forth in the Recitals.

  • Purchased Units means, with respect to a particular Purchaser, the number of Common Units set forth opposite such Purchaser’s name under the column titled “Purchased Units” set forth on Schedule A hereto.

  • Tendered Units shall have the meaning set forth in Section 8.6.A.

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Class B Units has the meaning set forth in Section 3.04(a)(ii).

  • Class A Units means the Units of partnership interest in the Partnership designated as the “Class A Units” herein and having the rights pertaining thereto as are set forth in this Agreement.

  • Preferred Units means all Partnership Interests designated as preferred units by the General Partner from time to time in accordance with Section 4.02 of the Partnership Agreement.

  • Series A Units means Series A currency hedged mutual fund units or Series A non-currency hedged mutual fund units of a fund, as applicable.

  • Class D Units has the meaning ascribed to such term in the LLC Agreement.

  • Partnership Units or “Units” has the meaning provided in the Partnership Agreement.

  • Covered Units means: (i) during the period of the Employee’s employment with the Corporation, each business unit of the Corporation; and (ii) following the Employment Termination Date, each business unit of the Corporation in or for which the Employee was employed or to which the Employee provided services or about which the Employee obtained or had access to Confidential Information, in each case of this clause (ii) at any time within the twenty-four (24)-month period prior to the Employment Termination Date. The Employee acknowledges and agrees that if the Employee is or was employed at a segment level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of such segment; and if the Employee is or was employed at the corporate/headquarters level, the Employee is providing or has provided services to and for, and has obtained and has or had access to Confidential Information about, each business unit of the Corporation.

  • Core Units means such Units of the Trust that are issued to Core Investors with the condition that these are not redeemable for a period of two years from the close of the First Offer Period. Such Units are transferable with this condition, but otherwise shall rank pari passu with all other Units, save for this restriction. Any transfer of the Core Units, during the first two years of their issue as mentioned herein, shall be affected only on the receipt by the Registrar of a written acceptance of this condition by the transferee.

  • General Partner Units has the meaning assigned to such term in the Partnership Agreement.

  • OP Units means units of limited partnership interest in the Operating Partnership.

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Series B Preferred Units shall have the meaning provided in Section 1.

  • Unvested Units means those Units listed as unvested Units in the books and records of the Partnership, as the same may be amended from time to time in accordance with this Agreement.