This operating agreement exhibit is used in the event any party is not able to take its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which is unable at any time while the Operating Agreement is in effect to take the share of gas attributable to the interest of the party.
Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that plays a crucial role in the oil and gas industry. This agreement is specifically designed to regulate the gas balancing process in Bronx, New York. It allows the parties involved to ensure an equitable distribution of gas supplies and avoid imbalances in the gas system. The exhibit E is an integral part of the operating agreement and provides additional details and specific terms related to gas balancing in the Bronx, New York area. This document outlines the procedures, responsibilities, and obligations of the parties involved in the gas balancing process. It aims to maintain the integrity and efficiency of the gas supply system while ensuring fairness and accountability. The Bronx gas balancing agreement might have different types or variations based on the specific requirements or circumstances of the gas system. These variations could include: 1. Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: This is the standard form of the agreement used for most gas balancing situations in Bronx, New York. It includes essential clauses and provisions necessary for the effective management of gas balancing. 2. Seasonal Gas Balancing Agreement: This type of exhibit E is tailored for gas balancing activities that are influenced by seasonal changes and fluctuations in gas demand. It may include provisions for adjusting gas supply and balancing methods during peak seasons or periods of reduced demand. 3. Emergency Gas Balancing Agreement: This variation of exhibit E is specifically designed to address emergency situations such as sudden disruptions in gas supply or unexpected demand changes. It includes provisions for expedited decision-making and rapid adjustments to ensure uninterrupted gas distribution during emergencies. 4. Renewable Energy Gas Balancing Agreement: This type of Bronx exhibit E focuses on gas balancing activities related to the integration of renewable energy sources into the gas system. It may include provisions for managing the fluctuating supply of renewable gases, such as biogas or hydrogen, and aligning it with the overall gas supply. 5. Multi-Party Gas Balancing Agreement: In some cases, multiple parties may be involved in gas balancing activities in Bronx, New York. This variation of exhibit E accommodates the complexity of coordinating gas supplies and balancing efforts among multiple stakeholders, ensuring equitable and efficient gas distribution. Overall, Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 and its variations serve as essential legal frameworks for maintaining the stability and reliability of the gas supply system in Bronx, New York.Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that plays a crucial role in the oil and gas industry. This agreement is specifically designed to regulate the gas balancing process in Bronx, New York. It allows the parties involved to ensure an equitable distribution of gas supplies and avoid imbalances in the gas system. The exhibit E is an integral part of the operating agreement and provides additional details and specific terms related to gas balancing in the Bronx, New York area. This document outlines the procedures, responsibilities, and obligations of the parties involved in the gas balancing process. It aims to maintain the integrity and efficiency of the gas supply system while ensuring fairness and accountability. The Bronx gas balancing agreement might have different types or variations based on the specific requirements or circumstances of the gas system. These variations could include: 1. Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1: This is the standard form of the agreement used for most gas balancing situations in Bronx, New York. It includes essential clauses and provisions necessary for the effective management of gas balancing. 2. Seasonal Gas Balancing Agreement: This type of exhibit E is tailored for gas balancing activities that are influenced by seasonal changes and fluctuations in gas demand. It may include provisions for adjusting gas supply and balancing methods during peak seasons or periods of reduced demand. 3. Emergency Gas Balancing Agreement: This variation of exhibit E is specifically designed to address emergency situations such as sudden disruptions in gas supply or unexpected demand changes. It includes provisions for expedited decision-making and rapid adjustments to ensure uninterrupted gas distribution during emergencies. 4. Renewable Energy Gas Balancing Agreement: This type of Bronx exhibit E focuses on gas balancing activities related to the integration of renewable energy sources into the gas system. It may include provisions for managing the fluctuating supply of renewable gases, such as biogas or hydrogen, and aligning it with the overall gas supply. 5. Multi-Party Gas Balancing Agreement: In some cases, multiple parties may be involved in gas balancing activities in Bronx, New York. This variation of exhibit E accommodates the complexity of coordinating gas supplies and balancing efforts among multiple stakeholders, ensuring equitable and efficient gas distribution. Overall, Bronx New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 and its variations serve as essential legal frameworks for maintaining the stability and reliability of the gas supply system in Bronx, New York.
