Common use of Metering records Clause in Contracts

Metering records. (a) Any record produced by Primary Metering Equipment: (i) in paper form must be retained for 2 years after the date of production; and (ii) in electronic form must be retained for 5 years after the date of production, by and at the expense of the Party owning the equipment which produces the record. (b) The records and other information produced by, and any calculations and other information derived from, any Primary Metering Equipment or Check Metering Equipment remain the property of the Party owning that equipment. (c) Each Party must use reasonable endeavours to, within 20 Working Days after receipt of a request from the other Party, submit to the other Party its records and other information produced by its Primary Metering Equipment which solely relate to the other Party, for inspection and verification by that other Party and the other Party may make and return any copies of those records and other information and must return the originals within 10 Working Days of their receipt.