Measured Volumes Sample Clauses

Measured Volumes. Measured volumes (“Indicated Volumes”) of Product received by one Party from the other Party at recorded or observed temperatures and pressures will be adjusted to a temperature of 60 degrees Fahrenheit (60°F) and a pressure of one standard atmosphere (14.7 PSIA) in accordance with the most current revision of MPMS Chapter 11 Section 1 (“Gross Standard Volume” or “GSV”). The GSV of Product shall be adjusted to Net Standard Volume (“NSV”) by deducting for Sediment and Water using the latest applicable industry standard API/ASTM methods and standards. Where multiple methods are allowed, Enterprise, in its sole discretion, shall determine the preferred method. Enterprise reserves the right to, from time to time, as it deems appropriate, change the preferred testing method, provided, however, any change(s) is made on a non- discriminatory basis to similarly situated customers, and, provided, further, such change(s) shall become effective thirty (30) days after written notice of the change(s) is sent to the Customer. The calculated NSV shall be deemed to be the quantity of Product received by Customer or delivered by Enterprise. All ticketing will be per API MPMS Chapter 12 Section 2 Part 2.
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Related to Measured Volumes

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

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  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Measurement Should the State terminate this contract as herein provided, no fees other than fees due and payable at the time of termination shall thereafter be paid to the Engineer. In determining the value of the work performed by the Engineer prior to termination, the State shall be the sole judge. Compensation for work at termination will be based on a percentage of the work completed at that time. Should the State terminate this contract under paragraph (4) or (5) above, the Engineer shall not incur costs during the thirty-day notice period in excess of the amount incurred during the preceding thirty days.

  • Volume of TIPS Sales Nothing in this Agreement or any TIPS communication may be construed as a guarantee that TIPS or TIPS Members will submit any TIPS orders to Vendor at any time.

  • Usage Measurement Usage measurement for calls shall begin when answer supervision or equivalent Signaling System 7 (SS7) message is received from the terminating office and shall end at the time of call disconnect by the calling or called subscriber, whichever occurs first.

  • Contract Sales Price The total consideration provided for in the sales contract for the sale of a Property.

  • Variances From Operating Budget Furnish Agent, concurrently with the delivery of the financial statements referred to in Section 9.7 and each monthly report, a written report summarizing all material variances from budgets submitted by Borrowers pursuant to Section 9.12 and a discussion and analysis by management with respect to such variances.

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