Common use of Report and Statement by Shipper Clause in Contracts

Report and Statement by Shipper. Where CTM is not being performed by LMM, Shipper shall report to LMM (a) the Day(s) of production, the Month and year in which such production is to be recognized, Mcf pressure base, Btu pressure base, Daily Mcf, Daily Btu, Daily Dth and quality of Shipper’s Gas and (b) the Gross Sales Price (as defined in Exhibit “E”) and the amount and calculation of any Gathering Fee determined using the Gross Sales Price, together with reasonable and appropriate supporting documentation. Such report shall be transmitted to LMM electronically or via facsimile on or before the *** Business Day of each Month for Shipper’s Gas delivered to LMM during the preceding Month. Shipper shall also send to LMM via mail on or before the *** Business Day of each Month a written statement confirming such report. Any adjustments to such report shall be sent as a net adjustment identified by the Day of production. LMM may request an additional Monthly electronic audit file with all of the hourly, daily, configuration and event/alarm data.