Common use of Quantity Measurement Clause in Contracts

Quantity Measurement. Quantity measurements shall be taken at DCU 843 meter -------------------- FE-3271. Quality Measurement: Grab samples shall be taken at least (1) time per day and ------------------- analyzed by draeger and at least (3) times per week and analyzed by gas chromatography. EXHIBIT A-12 Product: Butane/Butylene Mix from DCU 843 ------- Component Specification Test Method --------- ------------- ----------- H2S 5 ppmw Maximum Draeger Sulfur 50 ppmw Maximum ASTM D-4045 Total Nitrogen 1 ppmw Maximum ASTM D-4629 Propane and Lighter 6.0% LV Maximum ASTM ▇-▇▇▇▇ ▇▇▇▇▇▇▇ and Heavier 5.0% LV Maximum ASTM ▇-▇▇▇▇ ▇▇▇▇▇▇ and Heavier 0.05% LV Maximum ASTM D-2163 Butadiene 0.35% LV Maximum ASTM D-2163 Isobutane 13.0% LV Typical ASTM D-2163 Normal Butane 47.0% LV Typical ASTM D-2163 Butylenes 40.0% LV Typical ASTM D-2163 Quantity: ▇▇▇▇▇ Company shall sell and ▇▇▇▇▇ shall purchase the "▇▇▇▇▇ Company -------- Share" of the total output of this Product. The ▇▇▇▇▇ Company Share is defined as the output of this product multiplied by the ▇▇▇▇▇ Company Crude Oil Volume divided by the Total Crude Oil Volume.

Appears in 2 contracts

Sources: Product Purchase Agreement (Clark Refining & Marketing Inc), Product Purchase Agreement (Neches River Holding Corp)