Common use of Meter Stations Clause in Contracts

Meter Stations. Seller or its designated representative shall ensure that the measuring station for measurement of Product delivered hereunder is installed, operated and maintained in accurate working order at or near each Delivery Point at no cost or expense to Buyer. Such meter station shall be equipped in accordance with the standards referenced in Article X and will initially consist of orifice meters of standard type, sensors and transmitters for pressure and temperature measurement and a flow computer for real-time calculation of metered Product flow. Measurement equipment will be subject to change to allow use of improved technology under such standards if the parties hereto mutually agree to such a change.

Appears in 3 contracts

Samples: Product Sale and Purchase Contract (Resolute Energy Partners, LP), Product Sale and Purchase Contract (Resolute Energy Corp), Product Sale and Purchase Contract (Resolute Energy Corp)

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Meter Stations. Seller or its designated representative shall ensure that the measuring station for measurement of Product delivered hereunder is installed, operated operated, and maintained in accurate working order at or near each the Delivery Point at no cost or expense to Buyer. Such meter station shall be equipped in accordance with the standards referenced in Article X and will initially consist of orifice meters of standard type, sensors sensors, and transmitters for pressure and temperature measurement and a flow computer for real-time calculation of metered Product flow. Measurement equipment will be subject to change to allow use of improved technology under such standards if the parties hereto mutually agree to such a change.

Appears in 1 contract

Samples: Product Sale & Purchase Contract (Rancher Energy Corp.)

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