Common use of Metering Accuracy Clause in Contracts

Metering Accuracy. If the Meters are registering but their accuracy is outside the limits established in ANSI C12.1, Buyer shall repair and recalibrate or replace the Meters and Buyer shall adjust payments to Supplier for the Delivered Amount for the lesser of the period in which the inaccuracy existed or ninety (90) days. If the period in which the inaccuracy existed cannot be determined, adjusted payments shall be made for a period equal to one-half of the elapsed time since the latest prior test and calibration of the Meters; however, the adjustment period shall not exceed ninety (90) days. If adjusted payments are required, Supplier shall render a statement describing the adjustments to Buyer within thirty (30) days of the date on which the inaccuracy was rectified. Additional payments to Supplier by Buyer shall be made within thirty (30) days of receipt of Supplier's statement. Any payments due Buyer pursuant to this Section shall accompany Supplier's statement.

Appears in 2 contracts

Samples: Credit and Renewable Power Purchase Agreement (Nevada Geothermal Power Inc), Credit and Renewable Power Purchase Agreement (Nevada Geothermal Power Inc)

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Metering Accuracy. If the Meters are registering but their accuracy is outside the limits established in ANSI C12.1, Buyer shall repair and recalibrate or replace the Meters and Buyer shall adjust payments to Supplier for the Delivered Amount for the lesser of the period in which the inaccuracy existed or and ninety (90) days. If the period in which the inaccuracy existed cannot be determined, adjusted payments shall be made for a period equal to one-half of the elapsed time since the latest prior test and calibration of the Meters; however, the adjustment period shall not exceed ninety (90) days. If adjusted payments are required, Supplier Buyer shall render a statement describing the adjustments to Buyer Supplier within thirty (30) days of the date on which the inaccuracy was rectified. Additional payments to Supplier by Buyer shall be made within thirty (30) days of receipt of SupplierBuyer's statement. Any payments due Buyer pursuant to this Section 7.1.5 shall accompany Supplier's next Billing Period statement.

Appears in 1 contract

Samples: Credit and Renewable (Us Geothermal Inc)

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Metering Accuracy. If the Meters are registering but their accuracy is outside the limits established in ANSI C12.1, Buyer shall repair and recalibrate or replace the Meters and Buyer shall adjust payments to Supplier for the Delivered Amount for the lesser of the period in which the inaccuracy existed or ninety (90) 90 days. If the period in which the inaccuracy existed cannot be determined, adjusted payments shall be made for a period equal to one-half of the elapsed time since the latest prior test and calibration of the Meters; however, the adjustment period shall not exceed ninety (90) 90 days. If adjusted payments are required, Supplier Buyer shall render a statement describing the adjustments to Buyer Supplier within thirty (30) 30 days of the date on which the inaccuracy was rectified. Additional payments to Supplier by Buyer Supplier, or Buyer's Invoice for refunds due Buyer, as applicable shall be made within thirty (30) days of receipt of Supplieraccompany Buyer's statement. Any payments due Buyer required pursuant to this Section shall accompany Supplierbe made within 30 days of receipt of Buyer's statement.

Appears in 1 contract

Samples: Long Term Firm Power Purchase Agreement (Brady Power Partners)

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