System Meter definition
Examples of System Meter in a sentence
The Solar Service Company is obliged to inspect, repair and replace any defective System Meter at its cost and expense.
The System Meter must meet the agreed technical specifications as per Schedule 2 and the applicable technical standards under applicable Law.
Where a Party considers that the System Meter is damaged, such Party must immediately inform the other Party.
Invoices shall be payable within thirty (30) days of the shipment date of the related NES System Meter.
VAR and ECHELON acknowledge that prior to ECHELON’s initial acknowledgement with respect to an NES System Meter for which a meter configuration checklist (as referenced in Exhibit B) must be completed, then ECHELON shall not be required to acknowledge VAR’s order until such checklist has been completed to ECHELON’s satisfaction; VAR shall cooperate with ECHELON to complete such process as soon as reasonably practicable.
If the System Meter records defective readings, as determined by the Parties or, if not agreed by the Parties, as determined by an independent accreditation authority jointly appointed by the Parties resulting in inaccuracy of recorded Energy Output by an amount of plus or minus [***%]27 over a [3 (three)] months’ period (the “Permitted Limit”), the Solar Service Company shall adjust or replace such System Meter.
As part of the testing and commissioning of the Solar PV System, the System Meter shall be tested, 25 Applicable where the Customer has agreed to a full “take-or-pay” model.
If the System Meter is found to be inaccurate by not more than 1%, any previous recordings of the System Meter shall be deemed accurate.
The monthly payment for such energy will be equal to the applicable $/kWh rate multiplied by the number of kWh of energy generated during the applicable month, as measured by the System Meter.
Purchaser hereby grants to Seller and Seller’s affiliates an irrevocable, exclusive license to collect and use all data generated by the Consumption Meter (the “Consumption Meter Data,” and together with the System Meter Data, the “Meter Data”) throughout the Term.