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.
Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that outlines the terms and conditions related to gas balancing in Middlesex County, Massachusetts. This agreement is designed to ensure the fair distribution and management of natural gas resources, as well as to establish a framework for resolving disputes related to gas balancing. The Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 includes several important sections and clauses. These include: 1. Purpose: This section clarifies the objective of the agreement, which is to establish guidelines and procedures for gas balancing in Middlesex County, Massachusetts. 2. Definitions: Here, the document provides definitions for key terms used throughout the agreement, ensuring clarity and understanding for all parties involved. 3. Parties: This section identifies the parties to the agreement, including the gas suppliers, distributors, and any other involved entities. 4. Responsibilities: The Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 outlines the responsibilities of each party involved in the gas balancing process. This may include gas supply monitoring, measuring, and reporting procedures. 5. Balancing Provisions: This section describes the specific procedures for balancing gas supply in Middlesex County. It may include provisions for measuring and allocating imbalances, deadlines for reporting and correcting imbalances, and the calculation of penalties or fees for non-compliance. 6. Dispute Resolution: The agreement provides a mechanism for resolving any disputes that may arise during the gas balancing process. It may require parties to engage in negotiations or mediation before resorting to arbitration or legal action. 7. Termination: This section outlines the conditions under which the agreement can be terminated, such as breach of terms or agreement expiration. It may also include provisions for notice periods and any necessary documentation for the termination process. Different types of Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 could include variations specifically tailored for different gas providers, distributors, or regions within Middlesex County. However, without specific information or context, it is difficult to outline these different types in detail.Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that outlines the terms and conditions related to gas balancing in Middlesex County, Massachusetts. This agreement is designed to ensure the fair distribution and management of natural gas resources, as well as to establish a framework for resolving disputes related to gas balancing. The Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 includes several important sections and clauses. These include: 1. Purpose: This section clarifies the objective of the agreement, which is to establish guidelines and procedures for gas balancing in Middlesex County, Massachusetts. 2. Definitions: Here, the document provides definitions for key terms used throughout the agreement, ensuring clarity and understanding for all parties involved. 3. Parties: This section identifies the parties to the agreement, including the gas suppliers, distributors, and any other involved entities. 4. Responsibilities: The Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 outlines the responsibilities of each party involved in the gas balancing process. This may include gas supply monitoring, measuring, and reporting procedures. 5. Balancing Provisions: This section describes the specific procedures for balancing gas supply in Middlesex County. It may include provisions for measuring and allocating imbalances, deadlines for reporting and correcting imbalances, and the calculation of penalties or fees for non-compliance. 6. Dispute Resolution: The agreement provides a mechanism for resolving any disputes that may arise during the gas balancing process. It may require parties to engage in negotiations or mediation before resorting to arbitration or legal action. 7. Termination: This section outlines the conditions under which the agreement can be terminated, such as breach of terms or agreement expiration. It may also include provisions for notice periods and any necessary documentation for the termination process. Different types of Middlesex Massachusetts Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 could include variations specifically tailored for different gas providers, distributors, or regions within Middlesex County. However, without specific information or context, it is difficult to outline these different types in detail.
