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.
New Hampshire Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that is an integral part of the operating agreement between parties involved in the gas industry in the state of New Hampshire. This exhibit specifically focuses on gas balancing, a crucial aspect of the gas industry that ensures fair distribution and accounting of gas supplies between parties. The purpose of the New Hampshire Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is to establish a framework for gas balancing activities, documenting the terms and conditions agreed upon by the parties involved. This helps in preventing imbalances and disputes in the gas supply chain, promoting efficient and smooth operations. Some relevant keywords associated with New Hampshire Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 are: 1. Gas Balancing: This refers to the process of reconciling and adjusting gas supplies between parties involved in the gas industry, ensuring the overall system operates within specified tolerances. 2. Operating Agreement: This is a legally binding agreement that outlines the rights, responsibilities, and obligations of the parties involved in the operation of a gas facility or system. 3. New Hampshire: Refers to the state where the operating agreement is being implemented, in this case, the location of the gas operations. Different types of New Hampshire Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include variations specific to different gas companies or associations operating in the state. However, common types of this exhibit can encompass: 1. Gas Balancing Procedures: This type of exhibit outlines the specific procedures to be followed by the parties involved to achieve gas balancing, including measurement, reporting, and adjustment processes. 2. Imbalance Charges: This type of exhibit details the penalties or charges applicable when one party fails to balance their gas supply in accordance with the agreed terms, providing a financial incentive for adherence to gas balancing requirements. 3. Dispute Resolution Mechanisms: This type of exhibit establishes the mechanisms and procedures for resolving disputes related to gas balancing, ensuring a fair and impartial process for all parties involved. In summary, New Hampshire Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a crucial legal document that defines the gas balancing procedures and terms between parties operating in the gas industry in the state of New Hampshire. It ensures smooth gas operations, facilitates fair distribution, and provides mechanisms for dispute resolution.
