This operating agreement exhibit provides that each party has the right to take in kind its share of gas produced from the Contract Area and market or otherwise dispose of its gas. In the event any party is not, at any time, taking or marketing its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which does not, at any time, take the full share of gas attributable to the interest of the party, then the terms of this agreement shall automatically become operative.
North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that pertains to gas balancing agreements in the state of North Carolina. This agreement is an important component of operating agreements and helps ensure efficient and fair gas balancing practices between parties involved in gas operations. The purpose of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish guidelines and procedures for addressing gas imbalances that may occur during gas operations. It outlines the responsibilities and obligations of each party involved in the agreement and provides a structured framework for resolving any imbalances that may arise. Keywords related to this document include North Carolina, exhibit E, operating agreement, gas balancing agreement, Form 2, gas operations, gas imbalances, guidelines, procedures, responsibilities, and obligations. As for different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, there may not be distinct variations in terms of types. However, the exhibit may vary in content depending on the specific gas operations and the parties involved. The exhibit may include specific provisions related to gas allocation methods, measurement procedures, penalty provisions for imbalances, dispute resolution mechanisms, and other relevant details that are tailored to the needs and circumstances of the parties involved. It's essential to consult legal professionals or experts to obtain accurate and up-to-date information about the specific content and variations of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, as this document may evolve over time due to changes in regulations or industry practices.North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that pertains to gas balancing agreements in the state of North Carolina. This agreement is an important component of operating agreements and helps ensure efficient and fair gas balancing practices between parties involved in gas operations. The purpose of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish guidelines and procedures for addressing gas imbalances that may occur during gas operations. It outlines the responsibilities and obligations of each party involved in the agreement and provides a structured framework for resolving any imbalances that may arise. Keywords related to this document include North Carolina, exhibit E, operating agreement, gas balancing agreement, Form 2, gas operations, gas imbalances, guidelines, procedures, responsibilities, and obligations. As for different types of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, there may not be distinct variations in terms of types. However, the exhibit may vary in content depending on the specific gas operations and the parties involved. The exhibit may include specific provisions related to gas allocation methods, measurement procedures, penalty provisions for imbalances, dispute resolution mechanisms, and other relevant details that are tailored to the needs and circumstances of the parties involved. It's essential to consult legal professionals or experts to obtain accurate and up-to-date information about the specific content and variations of North Carolina Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, as this document may evolve over time due to changes in regulations or industry practices.
