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.
Cook Illinois Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing in the state of Illinois. This agreement is crucial for gas suppliers and distributors, as it helps maintain a reliable and efficient supply of gas to consumers. The Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 governs the gas balancing practices between the parties involved in the gas supply chain. It ensures that the gas supplier and distributor maintain a balance between the quantities of gas delivered and consumed, minimizing wastage and ensuring a consistent supply. This agreement contains provisions that define the roles and responsibilities of each party involved. It outlines the procedures for measuring gas quantities, submitting gas balance statements, and resolving any discrepancies that arise during the balancing process. The agreement also lays down guidelines for how any imbalances will be addressed and settled, ensuring fairness and transparency. Some key keywords relevant to the Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Cook Illinois: Refers to the location where this gas balancing agreement is applicable, specifically within the state of Illinois. 2. Exhibit E: This is a section or attachment of the Operating Agreement Gas Balancing Agreement — Form 1 that specifically deals with gas balancing. 3. Operating Agreement Gas Balancing Agreement: The main agreement to which the Exhibit E is attached. This agreement provides a comprehensive framework for gas balancing. 4. Gas Balancing: The process of ensuring a balance between the supply and consumption of gas, avoiding over-delivery or under delivery. 5. Form 1: Refers to a specific format or template used for drafting gas balancing agreements in Cook Illinois. Different types of Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific variations or amendments made to the standard agreement. These variations could include different provisions related to gas measuring techniques, delivery schedules, or dispute resolution mechanisms. However, the basic purpose and structure of the agreement remain the same.Cook Illinois Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 1 is a legal document that outlines the terms and conditions related to gas balancing in the state of Illinois. This agreement is crucial for gas suppliers and distributors, as it helps maintain a reliable and efficient supply of gas to consumers. The Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 governs the gas balancing practices between the parties involved in the gas supply chain. It ensures that the gas supplier and distributor maintain a balance between the quantities of gas delivered and consumed, minimizing wastage and ensuring a consistent supply. This agreement contains provisions that define the roles and responsibilities of each party involved. It outlines the procedures for measuring gas quantities, submitting gas balance statements, and resolving any discrepancies that arise during the balancing process. The agreement also lays down guidelines for how any imbalances will be addressed and settled, ensuring fairness and transparency. Some key keywords relevant to the Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 include: 1. Cook Illinois: Refers to the location where this gas balancing agreement is applicable, specifically within the state of Illinois. 2. Exhibit E: This is a section or attachment of the Operating Agreement Gas Balancing Agreement — Form 1 that specifically deals with gas balancing. 3. Operating Agreement Gas Balancing Agreement: The main agreement to which the Exhibit E is attached. This agreement provides a comprehensive framework for gas balancing. 4. Gas Balancing: The process of ensuring a balance between the supply and consumption of gas, avoiding over-delivery or under delivery. 5. Form 1: Refers to a specific format or template used for drafting gas balancing agreements in Cook Illinois. Different types of Cook Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 may exist based on specific variations or amendments made to the standard agreement. These variations could include different provisions related to gas measuring techniques, delivery schedules, or dispute resolution mechanisms. However, the basic purpose and structure of the agreement remain the same.
