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.
Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the specific terms and conditions related to gas balancing agreements between parties operating in Massachusetts. This document is crucial for ensuring a fair and efficient allocation of gas resources among multiple parties. The Gas Balancing Agreement focuses on the proper measurement, monitoring, and adjustment of gas intake and delivery, ensuring that all parties involved maintain a balance between their gas supply and demand. It helps prevent imbalances and inappropriate allocation of gas among parties, promoting transparency and efficient gas utilization. One key type of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is the pipeline-specific agreement. This type of agreement is tailored to a specific gas pipeline or transportation network, and it outlines the obligations and responsibilities of the parties involved in operating and maintaining the pipeline. It includes provisions related to gas measurement, allocation, and balancing mechanisms. Another type of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is the marketer-specific agreement. This type of agreement is designed for gas marketers or distributors who are responsible for buying and selling gas to consumers or end-users. It focuses on the allocation and balancing of gas supply among different customers or markets, ensuring fair distribution and preventing undesirable imbalances. The content of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 includes the identification of the parties involved, the effective date of the agreement, and the purpose of the gas balancing arrangement. It also contains provisions related to gas measurement, calculation of imbalances, penalties for imbalances, and dispute resolution mechanisms. Furthermore, the document outlines the procedures for reporting gas volumes, the timeline for settlement and invoicing, as well as any confidentiality requirements or limitations on liability. It may also include provisions related to force majeure events, termination, and renewal of the agreement. In summary, Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that governs the gas balancing arrangements among parties operating in Massachusetts. It ensures fair and efficient allocation of gas resources, prevents imbalances, and provides guidelines for resolving disputes. The specific terms and conditions may vary depending on whether it is a pipeline-specific or marketer-specific agreement.Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the specific terms and conditions related to gas balancing agreements between parties operating in Massachusetts. This document is crucial for ensuring a fair and efficient allocation of gas resources among multiple parties. The Gas Balancing Agreement focuses on the proper measurement, monitoring, and adjustment of gas intake and delivery, ensuring that all parties involved maintain a balance between their gas supply and demand. It helps prevent imbalances and inappropriate allocation of gas among parties, promoting transparency and efficient gas utilization. One key type of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is the pipeline-specific agreement. This type of agreement is tailored to a specific gas pipeline or transportation network, and it outlines the obligations and responsibilities of the parties involved in operating and maintaining the pipeline. It includes provisions related to gas measurement, allocation, and balancing mechanisms. Another type of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is the marketer-specific agreement. This type of agreement is designed for gas marketers or distributors who are responsible for buying and selling gas to consumers or end-users. It focuses on the allocation and balancing of gas supply among different customers or markets, ensuring fair distribution and preventing undesirable imbalances. The content of Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 includes the identification of the parties involved, the effective date of the agreement, and the purpose of the gas balancing arrangement. It also contains provisions related to gas measurement, calculation of imbalances, penalties for imbalances, and dispute resolution mechanisms. Furthermore, the document outlines the procedures for reporting gas volumes, the timeline for settlement and invoicing, as well as any confidentiality requirements or limitations on liability. It may also include provisions related to force majeure events, termination, and renewal of the agreement. In summary, Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that governs the gas balancing arrangements among parties operating in Massachusetts. It ensures fair and efficient allocation of gas resources, prevents imbalances, and provides guidelines for resolving disputes. The specific terms and conditions may vary depending on whether it is a pipeline-specific or marketer-specific agreement.
