Common use of Correction of Volume due to Calculation Error Clause in Contracts

Correction of Volume due to Calculation Error. An error in volume calculation for a given Receipt Point shall be corrected for such period as the error is determined to have existed, not to exceed one (1) year. In no event, however, shall LMM be obligated to correct an error in volume calculation for a given Receipt Point unless it resulted in an error of greater than *** percent (***%) and *** Dth per Month at the Receipt Point during the correction period. Such correction shall only be processed by LMM prospectively with the current Month’s business based upon Shipper’s current allocation of the Available Supply at that Receipt Point as provided by Shipper’s Operator.

Correction of Volume due to Calculation Error. An error in volume calculation for a given Receipt Delivery Point shall be corrected for such period as the error is determined to have existed, not to exceed one (1) year. In no event, however, shall LMM be obligated to correct an error in volume calculation for a given Receipt Delivery Point unless it resulted in an error of greater than *** percent (***%) and *** Dth per Month at the Receipt Delivery Point during the correction period. Such correction shall only be processed by LMM prospectively with the current Month’s business based upon Shipper’s current allocation of the Available Supply at that Receipt Delivery Point as provided by Shipper’s Operator.