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 Jersey Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legally binding document that outlines the terms and conditions for gas balancing agreements within the state of New Jersey. This agreement is designed to ensure the efficient management and distribution of natural gas resources. Keywords: New Jersey Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, terms and conditions, gas management, natural gas resources. There are different types of New Jersey Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, which may include: 1. Residential Gas Balancing Agreement: This type of agreement is specifically tailored for residential gas consumers in New Jersey. It defines the responsibilities and obligations of both the consumers and the gas supplier, ensuring a balanced distribution of gas resources while adhering to safety regulations. 2. Commercial Gas Balancing Agreement: This variant of the agreement is designed for commercial entities operating within New Jersey. It addresses the specific needs and requirements of businesses and organizations, taking into account the varying gas consumption patterns and demands. 3. Industrial Gas Balancing Agreement: This type of agreement caters to large-scale industrial operations in New Jersey. It focuses on gas balancing provisions tailored for continuous and substantial gas consumption, ensuring uninterrupted supply to meet industrial operational requirements. 4. Municipal Gas Balancing Agreement: This agreement type is specifically crafted for municipal gas suppliers and distributors in New Jersey. It encompasses provisions that consider the unique gas supply and distribution requirements of municipalities. 5. Pipeline Gas Balancing Agreement: This type of agreement outlines the terms and conditions for gas balancing between pipeline operators and gas suppliers/distributors in New Jersey. It addresses issues such as gas quality, pressure control, and balancing mechanisms to ensure the smooth operation of the pipeline network. 6. Renewable Energy Gas Balancing Agreement: This agreement is designed specifically for the gas balancing requirements of renewable energy projects, such as biogas or landfill gas operations, in New Jersey. It incorporates provisions that account for the nature and characteristics of renewable gas sources. Each of these agreement types may have specific clauses and provisions tailored to their respective contexts, ensuring effective gas balancing in their respective sectors within the state of New Jersey.
