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.
Allegheny Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that is part of the gas balancing agreement between parties involved in gas production and distribution in Allegheny, Pennsylvania. This agreement aims to manage the distribution and balancing of gas supplies in a fair and efficient manner. The Exhibit E document specifically addresses the terms and conditions related to gas balancing activities and provides a detailed framework for maintaining equilibrium in gas supply networks. It outlines the procedures, responsibilities, and obligations of the parties involved in gas balancing, ensuring a smooth and uninterrupted gas distribution system. The content of Allegheny Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the specific gas balancing requirements and agreements between different parties. However, some common key elements found in this document could include: 1. Definitions: This section provides a comprehensive list of important terms and their definitions to ensure clarity and consistency throughout the agreement. It helps avoid any potential misunderstandings between the parties involved. 2. Operational Principles: This section outlines the fundamental principles and guidelines for the participants in the gas balancing agreement. It may include provisions related to gas measurement, allocation, scheduling, and reporting requirements. This ensures transparency and accountability among the parties. 3. Balancing Procedures: This section describes the specific procedures and methodologies to be followed for gas balancing purposes. It may include details on how imbalances in gas supply/demand will be resolved, such as arranging for gas injections or withdrawals to balance the system. 4. Dispute Resolution: In the event of any disputes or disagreements between the parties regarding gas balancing activities, this section outlines the procedures and mechanisms for resolving such issues. It may provide details on mediation, arbitration, or other methods to facilitate a fair and mutually beneficial resolution. 5. Contract Duration and Termination: This section specifies the duration of the gas balancing agreement and the procedures for termination or renewal. It may also outline the conditions under which the agreement can be terminated by either party, ensuring clarity regarding the continuity of gas balancing services. It's important to note that the content mentioned above is a general outline and can vary depending on the specific requirements, laws, and regulations governing gas balancing agreements in Allegheny, Pennsylvania. Parties involved in such agreements should consult legal professionals to ensure compliance with applicable local regulations and to customize the content as per their specific needs.Allegheny Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that is part of the gas balancing agreement between parties involved in gas production and distribution in Allegheny, Pennsylvania. This agreement aims to manage the distribution and balancing of gas supplies in a fair and efficient manner. The Exhibit E document specifically addresses the terms and conditions related to gas balancing activities and provides a detailed framework for maintaining equilibrium in gas supply networks. It outlines the procedures, responsibilities, and obligations of the parties involved in gas balancing, ensuring a smooth and uninterrupted gas distribution system. The content of Allegheny Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may vary depending on the specific gas balancing requirements and agreements between different parties. However, some common key elements found in this document could include: 1. Definitions: This section provides a comprehensive list of important terms and their definitions to ensure clarity and consistency throughout the agreement. It helps avoid any potential misunderstandings between the parties involved. 2. Operational Principles: This section outlines the fundamental principles and guidelines for the participants in the gas balancing agreement. It may include provisions related to gas measurement, allocation, scheduling, and reporting requirements. This ensures transparency and accountability among the parties. 3. Balancing Procedures: This section describes the specific procedures and methodologies to be followed for gas balancing purposes. It may include details on how imbalances in gas supply/demand will be resolved, such as arranging for gas injections or withdrawals to balance the system. 4. Dispute Resolution: In the event of any disputes or disagreements between the parties regarding gas balancing activities, this section outlines the procedures and mechanisms for resolving such issues. It may provide details on mediation, arbitration, or other methods to facilitate a fair and mutually beneficial resolution. 5. Contract Duration and Termination: This section specifies the duration of the gas balancing agreement and the procedures for termination or renewal. It may also outline the conditions under which the agreement can be terminated by either party, ensuring clarity regarding the continuity of gas balancing services. It's important to note that the content mentioned above is a general outline and can vary depending on the specific requirements, laws, and regulations governing gas balancing agreements in Allegheny, Pennsylvania. Parties involved in such agreements should consult legal professionals to ensure compliance with applicable local regulations and to customize the content as per their specific needs.
