Common use of Meter Factor Clause in Contracts

Meter Factor. 1. Volumetric meter proving calculations shall be in accordance with API MPMS, Chapter 12. 2. The average of five (5) consecutive prover runs shall be taken to establish an initial or new meter factor, provided that the five (5) proving runs are within 0.0005 (0.05 %) of each other and the meter factor is within 0.0025 of the previous meter factor under like operating conditions.

Appears in 10 contracts

Samples: Storage Lease (Duncan Energy Partners L.P.), Storage Lease (Duncan Energy Partners L.P.), Storage Lease (Duncan Energy Partners L.P.)

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