Common use of Measurement of Electric Energy Clause in Contracts

Measurement of Electric Energy. Measurements of electric energy for the purpose of effecting settlements under the 1992 Agreement shall be made by standard types of electric meters installed and maintained (unless otherwise provided for in the Agreement) by the owner at the metering points described in Section 4.03 above. The timing devices of all meters having such devices shall be maintained in time synchronism as closely as practicable. The meters shall be sealed and the seals shall be broken only upon occasions when the meters are to be tested or adjusted. for the purpose of checking the records of the metering equipment installed by one of the Parties as hereinabove provided, the other Party shall have the right to install check metering equipment at the aforesaid metering points. Metering equipment so installed by one Party on the premises of the other Party, unless otherwise provided for in the 1992 Agreement, shall be owned and maintained by the Party installing such equipment. Upon termination of the 1992 Agreement, the Party owning such metering equipment shall remove it from the premises of the other Party. Authorized representatives of both Parties shall have access at all reasonable hours to the premises where the meters are located and to the records made by the meters.

Measurement of Electric Energy. Measurements of electric energy for the purpose of effecting settlements under the 1992 2002 Agreement shall be made by standard types of electric meters installed and maintained (unless otherwise provided for in the Agreement) by the owner at the metering points described in Section 4.03 above. The timing devices of all meters having such devices shall be maintained in time the synchronism as closely as practicable. The meters shall be sealed and the seals shall be broken only upon occasions when the meters are to be tested or adjusted. for For the purpose of checking the records of the metering equipment installed by one of the Parties as hereinabove provided, the other Party shall have the right to install check metering equipment at the aforesaid metering points. Metering equipment so installed by one Party on the premises of the other Party, unless otherwise provided for in the 1992 2002 Agreement, shall be owned and maintained by the Party installing such equipment. Upon termination of the 1992 2002 Agreement, the Party owning such metering equipment shall remove it from the premises of the other Party. Authorized representatives of both Parties shall have access at all reasonable hours to the premises where the meters are located and to the records made by the meters.