Common use of Volume Adjustments Clause in Contracts

Volume Adjustments. If any test shows the measurement equipment and factors then in use are in error so that the total measurement error exceeds one-half of one percent (.50%), such equipment or correction factors will be properly adjusted to zero error and the previous readings of such equipment will be corrected for any prior period of inaccuracy if the correct readings are known or are agreed upon by the Parties. For any error not known or not agreed upon for the period in which the equipment was inaccurate or out of service, the volume of NGL's shall be determined by the first of the following methods that is applicable: (i) By correcting the error if the percentage of error is ascertainable by calibration test or calculation. (ii) By using measurements from accurate check meters that have been tested in accordance with this Agreement and were in operation during the period to be corrected. (iii) By any other method agreed upon by both Parties. For any period not known or agreed upon, such correction shall apply to one-half (1/2) of the period affected but shall not exceed sixteen (16) Days.

Volume Adjustments. If any test shows the measurement equipment and factors then in use are in error so that the total measurement error exceeds one-half of one percent (.50%), such equipment or correction factors will be properly adjusted to zero error and the previous readings of such equipment will be corrected for any prior period of inaccuracy if the correct readings are known or are agreed upon by the Parties. For any error not known or not agreed upon for the period in which the equipment was inaccurate or out of service, the volume of NGL's shall be determined by the first of the following methods that is applicable: (i) By correcting the error if the percentage of error is ascertainable by calibration test or calculation. . (ii) ). By using measurements from accurate check meters that have been tested in accordance with this Agreement and were in operation during the period to be corrected. . (iii) ). By any other method agreed upon by both Parties. For any period not known or agreed upon, such correction shall apply to one-half (1/2) of the period affected but shall not exceed sixteen (16) Days.