Measurement Provisions definition

Measurement Provisions means the procedures, methods and standards by which:
Measurement Provisions means those procedures, methods and standards in place in respect of the measurement and determination of the volume, calorific value, quantity and delivery characteristics of Gas delivered or tendered for delivery at the System Entry Point as set out in Schedule 5;
Measurement Provisions as set out in Schedule 9, shall mean those procedures, methods and standards by which Gas delivered or tendered for delivery at the LDZ System Entry Point will be measured, sampled and analysed and the volume, Calorific Value, quantity and delivery characteristics of such Gas will be determined;

Examples of Measurement Provisions in a sentence

  • The Measurement Provisions will provide for the Entry Point Daily Quantity Delivered to be determined and (if not determined by the Transporter) communicated to the Transporter.

  • For the purposes of deciding whether the requirement in paragraph 3.1.1(a) is met in relation to a Day (D), the Cumulative Steering Difference for Day D shall be determined on the basis of the Measured Quantity for Day D as first determined (in accordance with the Measurement Provisions of the Interconnection Agreement) following the end of Day D; and that decision shall not be revised by reason of any subsequent revision to the Measured Quantity.

  • A LDZ System Network Entry Agreement will be in place between the Transporter (Scotland Gas Networks) and the DFO (SGN Futures H100 Limited) in line with I 1.3 which will include Gas Entry Conditions (in line with I 2.4), Measurement Provisions (I 2.5) and Local Operating Procedures (I 2.6).

  • On a Day on which physical direction of flow changes, the Measurement Provisions will be applied to determine a Reverse Flow and Forward Flow value for the End of Day Energy Quantity and Expected Daily Energy Quantity.

  • If this Proposal is not implemented, all changes to the Measurement Provisions would continue to require either written consent from all Users at the point or be taken through the UNC Modification process, tying up the time and resources of industry parties and decreasing the efficiency of the process.

  • Upon the reasonable request of a New Shipper (such request to indicate the grounds on which it is made) GLNG will exercise such rights as it has pursuant to the Measurement Provisions to call for any inspection, testing, verification or calibration of the meters and other equipment installed pursuant to and for the purposes of the Measurement Provisions, and will (so far as is permitted by the Measurement Provisions) allow such New Shipper's representative to attend and inspect the same.

  • The Equipment meets the requirements of Schedule 4 – Network Entry Conditions and Schedule 5 – Measurement Provisions.

  • Since August 2006 there have been three Modification Proposals raised to change the Measurement Provisions in different NEAs, increasing the Permitted Ranges* for metering and updating references to metering standards1.

  • Prior to any period of planned shutdown and upon planned re-start following a period of shutdown any OPN submitted to National Grid Gas will be subject to validation for compliance with Annex C (Measurement Provisions) of the Interconnection Agreement.

  • In relation to each Day, GLNG will notify each New Shipper (including by way of Operational Notice) of the Aggregate Delivered Quantity and other details as soon as reasonably practicable after such information is initially available, and after any revision or correction of such information, in accordance with the Measurement Provisions.


More Definitions of Measurement Provisions

Measurement Provisions means those procedures, methods and standards in place in respect of the measurement and determination of the volume, calorific value, quantity and delivery characteristics of Natural Gas delivered or tendered for delivery at the Connected System Point as set out in Part 2 of Appendix 1. Megajoules means one million (1,000,000) Joules. MJ/CM means Megajoules per Cubic Metre. MMJ means millions of Megajoules. MMJD means millions of Megajoules per Day. MCM means millions of Cubic Metres. MCM/D or MCM/day means millions of Cubic Metres per Day. MCM/h or MCM/hour means millions of Cubic Metres per Hour. MWh/D or MWh/day means millions of kWh per Day. MWh/h or MWh/hour means millions of kWh per Hour.

Related to Measurement Provisions

  • Adjustment Provisions means all relevant provisions of these Conditions which provide for any adjustment, delay, modification, cancellation or determination in relation to an Index, the valuation procedure for an Index or the Preference Shares. This shall include the provisions of Condition 11 (Calculation Agent Modifications) and all subsequent Conditions.

  • Arrangement Provisions means Part 9, Division 5 of the BCBCA;

  • Performance References has the meaning set forth for such term in the definition of Derivative Instrument.

  • Relevant Provisions means, in respect of the Determination Agent, the provisions of the Determination Agency Agreement, the Trust Deed, and the Conditions.

  • ESG Pricing Provisions has the meaning specified in Section 2.18.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Performance Ratio (PR) means the ratio of plant output versus installed plant capacity at any instance with respect to the radiation measured. PR= (Measured output in kW / Installed Plant capacity in kW * (1000 W/m2/Measured radiation intensity in W/m2).

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Financial Performance Covenants means the covenants of the Borrower set forth in Section 10.11.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Factors means any of the factors selected by the Committee and specified in an Award Agreement, from among the following objective measures, either individually, alternatively or in any combination, applied to the Company as a whole or any business unit or Subsidiary, either individually, alternatively, or in any combination, on a GAAP or non-GAAP basis, and measured, to the extent applicable on an absolute basis or relative to a pre-established target, to determine whether the performance goals established by the Committee with respect to applicable Awards have been satisfied:

  • Performance and Guarantee Test means all operational checks and tests required to determine and demonstrate capacity, efficiency and operating characteristics as specified in the Contract Documents.

  • Measurement means metered volumes at a custody transfer meter through a turbine, Coriolis, or such other meter.

  • Supplemental Provisions means these Supplemental Provisions for Federally Funded Contracts, Grants, and Purchase Orders subject to the Federal Funding Accountability and Transparency Act of 2006, As Amended, as may be revised pursuant to ongoing guidance from the relevant Federal or State of Colorado agency or institution of higher education.

  • performance requirement means a requirement that:

  • Performance Measures means measures as described in Article 12 on which the performance goals are based and which are approved by the Company’s shareholders pursuant to this Plan in order to qualify Awards as Performance-Based Compensation.

  • Performance Requirements The ordering entity reserves the right to inspect and verify that all deliveries are in accordance with specifications, both at the point of delivery and at the point of use. For orders that specify an “authorized party” to receive and inspect deliveries and/or installations, acceptance and inspection procedures must be performed by the” authorized party” to be considered and accepted by the ordering entity. Products inspected at the time of use are subject to refusal and return requirements for issues of quality such as defects in manufacturing and/or workmanship. Products will not be considered accepted by the ordering entity until the installation is complete for the applicable products.

  • Performance evaluation means evaluation of work and program participation as well as other areas of behavior.

  • Financial Performance Covenant means the covenant set forth in Section 6.10.

  • Optional Deferral Provision means, as to any Qualifying Capital Securities, a provision in the terms thereof or of the related transaction agreements to the effect that:

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

  • Measurement Point means the emission source for which continuous emission measurement systems (CEMS) are used for emission measurement, or the cross-section of a pipeline system for which the CO2 flow is determined using continuous measurement systems;

  • Performance and Guarantee Tests , shall mean all operational checks and tests required to determine and demonstrate capacity, efficiency, and operating characteristics as specified in the Contract Documents.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;