ACCURACY VERIFICATION Clause Samples
ACCURACY VERIFICATION. (a) <Service Provider> will verify the accuracy of the Meter forming part of any User Specific Delivery Facilities as required by good industry practice and applicable Laws with the frequency of verification determined by <Service Provider> if not specified by that good industry practice or those applicable Laws.
(b) If <User> requests <Service Provider> to verify the accuracy of a Meter forming part of User Specific Delivery Facilities and <Service Provider> determines that the Meter is accurate, <User> must pay <Service Provider>'s reasonable costs in verifying the accuracy of the Meter.
ACCURACY VERIFICATION. Each party shall have the right during reasonable business hours to examine the books and records of the other party to the extent necessary to verify the accuracy of any statement, charge, credit, computation, account, or payment made pursuant to any provision hereof. If any such examination shall reveal or if either party shall discover any error or inaccuracy in its own or the other party's statement, charge, credit, computation account, or payments, then proper adjustment and correction thereof shall be made as promptly as practicable thereafter.
ACCURACY VERIFICATION. In case any question arises as to the accuracy of the volume measurements or stream composition measurements taken by a Measurement System, the Producer may request the Operator to verify the Producer’s own Measurement System or another producer's Measurement System. In such cases, (and without prejudice to Operator's rights for purposes of maintaining and operating the Measurement System), the producer whose Measurement System is in question shall provide reasonable access to the Operator to fulfill such a request. Where the volume measurements or stream composition measurements taken by a producer's Measurement System are found pursuant to Clause 6 to be inaccurate by an amount which exceeds the Relevant Percentage in Table A, the expense of the requested verification shall be borne:
(i) by such producer where the cause of the inaccuracy is attributable to such producer; and
(ii) by the Operator where the cause of the inaccuracy is not attributable to such producer. Where the inaccuracy is less than or equal to the Relevant Percentage in Table A, the expense of the requested verification shall be borne by the producer making the request.
ACCURACY VERIFICATION. The Transition Manager shall not be responsible for verifying the accuracy of the IPOPIF Account statement prepared by the Custodian, including holdings, pricing, income received and receivable, and any other Transaction relevant to the portfolio as required by IPOPIF, except that the Transition Manager shall assist the Custodian in verifying the accuracy of the IPOPIF Account statement regarding holdings. The Transition Manager shall provide a reconciliation statement to the Custodian describing any exceptions within four (4) Business Days following the end of each month. The holdings in the IPOPIF Account will be priced by the Custodian and such prices will be used to measure performance of the IPOPIF Account. The Transition Manager agrees to accept the prices established by the Custodian. The Transition Manager may appeal to IPOPIF if the Transition Manager and Custodian cannot arrive at mutually agreeable pricing on a particular Security. In the event the Custodian is unable to obtain a price for a particular Security, the Custodian will request a price from the Transition Manager, which price shall be promptly provided.