This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that primarily pertains to the gas balancing agreement in the District of Columbia. This document is crucial in ensuring fair and efficient gas distribution and balancing among the parties involved. Here is a detailed description of what this form entails: 1. Purpose: The District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 serves to establish the terms and conditions for gas balancing within the District of Columbia. It outlines the rights, responsibilities, and obligations of the gas suppliers, distributors, and other relevant parties involved. 2. Parties Involved: The form specifies the names and contact information of the participating parties, including the gas suppliers, distributors, and potentially regulatory bodies in the District of Columbia. This ensures transparency and accountability in the gas balancing process. 3. Gas Balancing Mechanism: The document outlines the methodology and procedures for gas balancing, including the calculation and allocation of gas quantities among the parties. It may address factors such as gas production, supply, demand, and storage capacity to ensure a balanced and efficient gas supply throughout the District of Columbia. 4. Gas Balancing Agreement Terms: District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 includes details about the duration of the agreement, the duration of each balancing period, and the frequency of balancing exercises. It also specifies whether penalties or incentives will be imposed for imbalances in gas supply. 5. Reporting Requirements: The form may include provisions for regular reporting on gas supply, demand, and balancing activities. This ensures that all parties have access to accurate and up-to-date information about the gas market in the District of Columbia. 6. Dispute Resolution: In the event of disputes or disagreements between the parties involved in gas balancing, the District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may outline dispute resolution mechanisms, such as mediation or arbitration processes, to ensure prompt and fair resolution. Different types of District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist depending on specific circumstances or requirements. Variations may include amendments, addendums, or additional agreements tailored to address unique gas balancing considerations within different areas or between different parties. In conclusion, the District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical legal document that governs the gas balancing process within the District of Columbia. By providing a comprehensive framework for gas supply and demand management, it ensures a reliable and equitable distribution of gas resources.District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that primarily pertains to the gas balancing agreement in the District of Columbia. This document is crucial in ensuring fair and efficient gas distribution and balancing among the parties involved. Here is a detailed description of what this form entails: 1. Purpose: The District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 serves to establish the terms and conditions for gas balancing within the District of Columbia. It outlines the rights, responsibilities, and obligations of the gas suppliers, distributors, and other relevant parties involved. 2. Parties Involved: The form specifies the names and contact information of the participating parties, including the gas suppliers, distributors, and potentially regulatory bodies in the District of Columbia. This ensures transparency and accountability in the gas balancing process. 3. Gas Balancing Mechanism: The document outlines the methodology and procedures for gas balancing, including the calculation and allocation of gas quantities among the parties. It may address factors such as gas production, supply, demand, and storage capacity to ensure a balanced and efficient gas supply throughout the District of Columbia. 4. Gas Balancing Agreement Terms: District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 includes details about the duration of the agreement, the duration of each balancing period, and the frequency of balancing exercises. It also specifies whether penalties or incentives will be imposed for imbalances in gas supply. 5. Reporting Requirements: The form may include provisions for regular reporting on gas supply, demand, and balancing activities. This ensures that all parties have access to accurate and up-to-date information about the gas market in the District of Columbia. 6. Dispute Resolution: In the event of disputes or disagreements between the parties involved in gas balancing, the District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may outline dispute resolution mechanisms, such as mediation or arbitration processes, to ensure prompt and fair resolution. Different types of District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist depending on specific circumstances or requirements. Variations may include amendments, addendums, or additional agreements tailored to address unique gas balancing considerations within different areas or between different parties. In conclusion, the District of Columbia Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical legal document that governs the gas balancing process within the District of Columbia. By providing a comprehensive framework for gas supply and demand management, it ensures a reliable and equitable distribution of gas resources.
