This operating agreement exhibit is used in the event any party is not able to take its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which is unable at any time while the Operating Agreement is in effect to take the share of gas attributable to the interest of the party.
Chicago, Illinois, Exhibit E refers to a specific section of the Operating Agreement Gas Balancing Agreement — Form 1 that pertains to activities related to gas balancing in Chicago, Illinois. This agreement is designed to optimize the supply and demand dynamics of natural gas in the Chicago area, ensuring efficient distribution and utilization of this valuable resource. The Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 outlines the terms and conditions under which gas balancing will be conducted in the Chicago area. This agreement typically includes detailed provisions regarding the measurement, transportation, and allocation of natural gas to ensure accurate accounting and fair distribution among parties involved in gas balancing activities. There may be different types of Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 depending on the specific context and requirements of the parties involved. These variations can include: 1. Residential Gas Balancing Agreement: This type of agreement may cater to residential gas consumers in Chicago, Illinois, outlining how gas balancing for personal use will be managed, addressing issues such as metering, billing, and potential penalties for exceeding specified consumption limits. 2. Commercial/Industrial Gas Balancing Agreement: This type of agreement is geared towards commercial and industrial entities in Chicago, Illinois. It covers gas balancing arrangements for businesses that consume larger volumes of natural gas, including provisions for measurement, allocation, and billing procedures specific to commercial and industrial applications. 3. Supplier Gas Balancing Agreement: In certain cases, a separate agreement may be established between gas suppliers and balancing service providers operating in Chicago, Illinois. This agreement would define the responsibilities, obligations, and procedures involved in gas balancing services, ensuring a smooth and efficient operation of the gas supply chain. 4. Pipeline Operator Gas Balancing Agreement: Another variation of the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 could be a contract between pipeline operators involved in gas transportation within the Chicago area. This agreement would outline the gas balancing activities performed by the pipeline operators, including provisions for measurement, balancing, and reporting procedures. Overall, the Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial contractual document that delineates the terms and responsibilities associated with gas balancing activities in Chicago, Illinois. By ensuring fair and efficient distribution of natural gas, this agreement helps maintain a secure and reliable gas supply for various sectors, including residential, commercial, industrial, and transportation in the Chicago area.Chicago, Illinois, Exhibit E refers to a specific section of the Operating Agreement Gas Balancing Agreement — Form 1 that pertains to activities related to gas balancing in Chicago, Illinois. This agreement is designed to optimize the supply and demand dynamics of natural gas in the Chicago area, ensuring efficient distribution and utilization of this valuable resource. The Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 outlines the terms and conditions under which gas balancing will be conducted in the Chicago area. This agreement typically includes detailed provisions regarding the measurement, transportation, and allocation of natural gas to ensure accurate accounting and fair distribution among parties involved in gas balancing activities. There may be different types of Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 depending on the specific context and requirements of the parties involved. These variations can include: 1. Residential Gas Balancing Agreement: This type of agreement may cater to residential gas consumers in Chicago, Illinois, outlining how gas balancing for personal use will be managed, addressing issues such as metering, billing, and potential penalties for exceeding specified consumption limits. 2. Commercial/Industrial Gas Balancing Agreement: This type of agreement is geared towards commercial and industrial entities in Chicago, Illinois. It covers gas balancing arrangements for businesses that consume larger volumes of natural gas, including provisions for measurement, allocation, and billing procedures specific to commercial and industrial applications. 3. Supplier Gas Balancing Agreement: In certain cases, a separate agreement may be established between gas suppliers and balancing service providers operating in Chicago, Illinois. This agreement would define the responsibilities, obligations, and procedures involved in gas balancing services, ensuring a smooth and efficient operation of the gas supply chain. 4. Pipeline Operator Gas Balancing Agreement: Another variation of the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 could be a contract between pipeline operators involved in gas transportation within the Chicago area. This agreement would outline the gas balancing activities performed by the pipeline operators, including provisions for measurement, balancing, and reporting procedures. Overall, the Chicago, Illinois, Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial contractual document that delineates the terms and responsibilities associated with gas balancing activities in Chicago, Illinois. By ensuring fair and efficient distribution of natural gas, this agreement helps maintain a secure and reliable gas supply for various sectors, including residential, commercial, industrial, and transportation in the Chicago area.
