Topic:"Accounting Policies" in M13042

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The text outlines procedures for testing and maintaining revenue class metering equipment, ensuring accuracy and compliance with standards. NSPI is responsible for testing, and financial adjustments may be required if meter accuracy exceeds 2% variance. Both parties have rights to be represented during meter sealing/unsealing and to request tests.

1.5 Waiver, Amendment No waiver of any provision of the Agreement shall be binding unless executed in writing by the Party to be bound thereby. No waiver of any provision of the Agreement shall constitute a waiver of any other provision th...

AI summary This section outlines the conditions under which waivers of the Agreement's provisions are valid, emphasizing that they must be in writing and do not imply ongoing or broader waivers. It also states that inspections or reviews by NSPI or Government Agencies do not relieve the Seller from fulfilling obligations.

5.4 Metering All Facility revenue class metering equipment shall be routinely tested by NSPI. At any time, either Party may request a test of the accuracy of the metering equipment at its own expense. The results of meter calibrations or t...

AI summary The document outlines requirements for testing and maintaining revenue class metering equipment, specifying that NSPI must ensure accuracy within 2% or replace the equipment if it falls outside of Measurement Canada's error limits. Financial adjustments may be made if variances exceed 2%, and both parties are given opportunities to be present during meter sealing or unsealing.