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.
Orange County, California is located in the southern part of the state and is known for its beautiful coastal areas, vibrant cities, and diverse communities. The region is home to various attractions and landmarks, making it a popular destination for tourists and locals alike. Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 2 is a specific legal document that pertains to the gas balancing agreement within Orange County. This exhibit outlines the terms and conditions for managing gas balancing activities in the area, ensuring a smooth and efficient process for all parties involved. There may be different types of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 depending on the specific gas balancing requirements and agreements in place. These different types could include: 1. Residential Gas Balancing Agreement — Form 2: This type of exhibit would primarily cover gas balancing activities related to residential areas and households within Orange County. It would address the specific guidelines and procedures for the distribution and balancing of gas supplies to residential properties. 2. Commercial Gas Balancing Agreement — Form 2: This type of exhibit would focus on gas balancing activities related to commercial properties, such as office buildings, retail spaces, and industrial facilities. It would outline the specific terms and conditions for managing gas supply and demand in the commercial sector within Orange County. 3. Industrial Gas Balancing Agreement — Form 2: This exhibit would specifically address gas balancing agreements for industrial complexes and manufacturing plants in Orange County. It would outline the unique requirements and procedures for maintaining a balanced gas supply to support industrial operations. Regardless of the specific type of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2, it serves as a crucial legal document that ensures the fair and efficient distribution and balancing of gas resources within Orange County. It helps to establish clear guidelines and responsibilities for all parties involved in the gas balancing process, promoting a stable and reliable gas supply for the region.
