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.
Vermont Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 refers to a specific document that outlines the terms and conditions related to gas balancing in Vermont. This exhibit is an essential component of an operating agreement for companies operating in the gas industry. The Vermont Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 primarily focuses on gas balancing procedures, responsibilities, and rights of the parties involved. It serves as a binding agreement between the gas supplier and the customer, ensuring smooth and efficient gas flow while maintaining a balance between supply and demand. This exhibit includes detailed provisions regarding gas balancing, such as measurement techniques, point of measurement, penalties for imbalances, and dispute resolution mechanisms. It aims to establish transparency and accountability in gas supply operations while ensuring fairness for all parties involved. In some cases, there might be different versions or variations of Vermont Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2. These variations could include amendments specific to certain gas fields, pipeline systems, or contractual arrangements. However, the core principles and purpose of the exhibit remain consistent across these different versions. Therefore, it is crucial for gas industry professionals, stakeholders, and legal experts to carefully review and understand the specific Vermont Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 applicable to their situation to ensure compliance with the gas balancing requirements in Vermont. Adhering to these guidelines helps to maintain the stability and reliability of gas supply networks, benefiting both the gas suppliers and consumers.
