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.

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 The section outlines the conditions under which a waiver of any provision in the Agreement is valid, emphasizing that it must be in writing and does not constitute a continuing waiver. It also states that inspections or reviews by NSPI or Government Agencies do not relieve the Seller of its 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 This section outlines the procedures for testing and maintaining revenue class metering equipment, including requirements for calibration, financial adjustments for inaccuracies, and notification protocols between the Parties. NSPI is responsible for ensuring accuracy, and both Parties have rights to be involved in meter sealing and testing.

Seller Personnel. Seller's Interest – shall have the meaning set out in Section [12.2(d).](#page-59-0) Seller Personnel – means any Person providing, on behalf of the Seller, any design, construction, operation, maintenance or other servic...

AI summary This section defines key terms related to the Seller in a contractual agreement, including Seller Personnel, Seller Revised Energy Bid, and Seller Termination Costs. It outlines the scope of Seller Personnel and specifies what constitutes Seller Termination Costs, excluding certain items such as equipment costs and profits.

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 The section outlines the conditions under which a waiver of any provision in the Agreement is valid, emphasizing that it must be in writing and does not imply a continuing waiver. It also states that inspections or reviews by NSPI or government agencies do not relieve the Seller of its obligations.