Testing and Adjustment Sample Clauses

Testing and Adjustment. Upon reasonable notice, Customer shall make Service available to Company for such testing and adjustment as the Company deems necessary to maintain the furnishing of Service at satisfactory levels.
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Testing and Adjustment. ▇▇▇▇▇▇▇▇▇-Americas shall inspect and calibrate the Output Meters at least once every three (3) contract years. Either Party may request an inspection and calibration of the other Party's meters. The cost of the inspection and calibration shall be paid by the Party that owns the meters; provided, however, that the Party requesting such inspection and calibration shall reimburse the costs if no correction is made. If any such calibration shows a measurement error of two percent (2%) or less, or such lower percentage as may be established by tariff applicable to a retail customer, then no correction shall be made. If Confidential Treatment any such calibration shows a measurement error of more than two percent (2%), or such lower percentage as may be established by tariff applicable to a retail customer, a retroactive correction shall be made for the period during which the measurement instruments were in error, by using the period of inaccuracy if such period can be determined, or a check meter, if installed and registering accurately. If the period of inaccuracy cannot be determined, or a check meter is not installed and registering accurately, the retroactive correction shall be made for one-half (1/2) of the period elapsed since the last date the meter was inspected and calibrated. If the last inspection and calibration occurred more than six (6) Months before, such inspection and calibration shall be deemed to have occurred six (6) Months before. In addition, the meter shall be adjusted immediately at the expense of the Party owning such meter so as to measure accurately.
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Testing and Adjustment. At its sole cost and expense, Carr ▇▇▇ll inspect and calibrate, or cause to be inspected and calibrated, all Output Metering Equipment and Fuel Metering Equipment periodically, but not less frequently than annually. If any such test shows a measurement error of more than (a) two percent (2%) or such lower percentage as may be established by applicable tariff, in the case of Fuel Metering Equipment or Output Metering Equipment measuring Market Steam, or (b) one-quarter percent (1/4%) in the case of other Output Metering Equipment, a retroactive correction shall be made for the period during which the measurement instruments were in error, by using CPS's check meter(s) if installed and registering accurately. If no such check meters are installed and registering accurately, or if the period of error cannot be reasonably ascertained, correction shall be made for one-half (1/2) of the period elapsed since the last test date, and, in any such case, the measuring instruments shall be adjusted immediately at Carr'▇ ▇▇▇ense so as to measure accurately.
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Testing and Adjustment. At HES’ cost and expense an independent third party chosen by Owner and approved by HES shall regularly test, certify, calibrate and inspect all Fuel Gas Metering Equipment and Fuel Measurement Scales, but no less frequently than annually. HES shall deliver to Owner all scale certification reports for the Fuel Measurement Scales. If any such test shows a measurement error of more than (i) two percent in the case of the Fuel Gas Metering Equipment or (ii) two percent in the case of Fuel Measurement Scales, then a retroactive correction of that equipment shall be made for the period during which the equipment was in error, or if the period of error cannot be reasonably ascertained, for one-half of the time elapsed since the date of the last test.
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Testing and Adjustment. The Audiovisual Integrator shall perform all tests and ad- justments, furnish all test equipment necessary and perform all work required to properly configure the systems and to verify their performance in accordance with the information in this Specification and the Integrator’s approved engineered de- signs. Completed Testing check-lists will be provided to the CM for review and ap- proval by the Audiovisual Consultant.
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Related to Testing and Adjustment

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Year-End Adjustment If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Operating Expense Limit.

  • Prorations and Adjustments (a) Seller and Purchaser agree to prorate and/or adjust, as of 11:59 p.m. on the day preceding the Closing Date (the “Proration Time”), the following (collectively, the “Proration Items”): (i) Rents, in accordance with Section 10.4(c) below. (ii) Cash Security Deposits and any prepaid rents, together with any interest required to be paid thereon. (iii) Utility charges payable by Seller, including, without limitation, electricity, water charges and sewer charges. If there are meters on the Real Property, final readings and final ▇▇▇▇▇▇▇▇ for utilities will be made if possible on the day before the Closing Date, in which event no proration will be made at the Closing with respect to utility bills. If meter readings on the day before the Closing Date are not possible, then Seller will cause readings of all said meters to be performed not more than five (5) days prior to the Closing Date, and a per diem adjustment shall be made for the days between the meter reading date and the Closing Date based on the most recent meter reading. Seller will be entitled to all deposits presently in effect with the utility providers, and Purchaser will be obligated to make its own arrangements for any deposits with the utility providers. (iv) Amounts payable under the Service Contracts other than those Service Contracts which Purchaser has elected not to assume by written notice to Seller prior to the expiration of the Evaluation Period. (v) Real estate taxes due and payable for the calendar year. If the Closing Date shall occur before the tax rate is fixed, the apportionment of real estate taxes shall be upon the basis of the tax rate for the preceding year applied to the latest assessed valuation. If, subsequent to the Closing Date, real estate taxes (by reason of change in either assessment or rate or for any other reason other than as a result of the final determination or settlement of any tax appeal) for the Real Property should be determined to be higher or lower than those that are apportioned, a new computation shall be made, and Seller agrees to pay Purchaser any increase shown by such recomputation and vice versa; provided, however, that if any increase in the assessed value of the Property results from improvements made to the Property by Purchaser, then Purchaser shall be solely responsible for any increase in taxes attributable thereto. With respect to tax appeals, any tax refunds or credits attributable to tax years prior to the tax year in which the Closing occurs shall belong solely to Seller, regardless of whether such refunds are paid or credits are given before or after Closing. Any tax refunds or credits attributable to the tax year in which the Closing occurs shall be apportioned between Seller and Purchaser based on their respective periods of ownership in such tax year. The expenses of any tax appeals shall be apportioned between the parties in the same manner as the refunds and/or credits. The provisions of this Section 10.4(a)(v) shall survive the Closing. (vi) The value of fuel stored at the Real Property, at Seller’s most recent cost, including taxes, on the basis of a reading made within ten (10) days prior to the Closing by Seller’s supplier. (b) Seller will be charged and credited for the amounts of all of the Proration Items relating to the period up to and including the Proration Time, and Purchaser will be charged and credited for all of the Proration Items relating to the period after the Proration Time. The estimated Closing prorations shall be set forth on a preliminary closing statement to be prepared by Seller and submitted to Purchaser prior to the Closing Date (the “Closing Statement”). The Closing Statement, once agreed upon, shall be signed by Purchaser and Seller. The proration shall be paid at Closing by Purchaser to Seller (if the prorations result in a net credit to Seller) or by Seller to Purchaser (if the prorations result in a net credit to Purchaser) by increasing or reducing the cash to be delivered by Purchaser in payment of the Purchase Price at the Closing. If the actual amounts of the Proration Items are not known as of the Closing Date, the prorations will be made at Closing on the basis of the best evidence then available; thereafter, when actual figures are received, re-prorations will be made on the basis of the actual figures, and a final cash settlement will be made between Seller and Purchaser. No prorations will be made in relation to insurance premiums, and Seller’s insurance policies will not be assigned to Purchaser. The provisions of this Section 10.4(b) will survive the Closing for twelve (12) months. (c) Purchaser will receive a credit on the Closing Statement for the prorated amount (as of the Proration Time) of all Rental previously paid to or collected by Seller and attributable to any period following the Proration Time. After the Closing, Seller will cause to be paid or turned over to Purchaser all Rental, if any, received by Seller after Closing and attributable to any period following the Proration Time. “Rental” as used herein includes fixed monthly rentals, additional rentals, percentage rentals, escalation rentals (which include each Tenant’s proration share of building operation and maintenance costs and expenses as provided for under the Lease, to the extent the same exceeds any expense stop specified in such Lease), retroactive rentals, all administrative charges, utility charges, tenant or real property association dues, storage rentals, special event proceeds, temporary rents, telephone receipts, locker rentals, vending machine receipts and other sums and charges payable by Tenants under the Leases or from other occupants or users of the Property. Rental is “Delinquent” when it was due prior to the Closing Date, and payment thereof has not been made on or before the Proration Time. Delinquent Rental will not be prorated. Purchaser agrees to use good faith collection procedures with respect to the collection of any Delinquent Rental. All sums collected by Purchaser in the month of Closing shall be applied to the month of Closing. All sums collected by Purchaser thereafter from each Tenant (excluding tenant specific ▇▇▇▇▇▇▇▇ for tenant work orders and other specific services as described in and governed by Section 10.4(e) below) will be applied first to current amounts owed by such Tenant to Purchaser, and then delinquencies owed by such Tenant to Seller. Any sums due Seller will be promptly remitted to Seller. Purchaser shall not modify, amend or terminate any existing agreements with Tenants relating to past rent due.

  • Minimum Adjustment The adjustments required by the preceding sections of this Article IV shall be made whenever and as often as any specified event requiring an adjustment shall occur, except that no adjustment of the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants that would otherwise be required shall be made unless and until such adjustment either by itself or with other adjustments not previously made increases or decreases by at least 1% the Exercise Price or the number of shares of Common Stock issuable upon exercise of the Warrants immediately prior to the making of such adjustment. Any adjustment representing a change of less than such minimum amount shall be carried forward and made as soon as such adjustment, together with other adjustments required by this Article IV and not previously made, would result in a minimum adjustment. For the purpose of any adjustment, any specified event shall be deemed to have occurred at the close of business on the date of its occurrence. In computing adjustments under this Article IV, fractional interests in Common Stock shall be taken into account to the nearest one-hundredth of a share.

  • Payment and Year-End Adjustment Amounts accrued pursuant to this Agreement shall be payable to the Adviser as of the last day of each month. If necessary, on or before the last day of the first month of each fiscal year, an adjustment payment shall be made by the appropriate party in order that the actual Fund Operating Expenses of a Fund for the prior fiscal year (including any reimbursement payments hereunder with respect to such fiscal year) do not exceed the Maximum Annual Operating Expense Limit.