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.
Philadelphia, Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that pertains to gas balancing agreements in the Philadelphia area. This exhibit is a crucial component of the operating agreement and ensures the equitable distribution and balancing of gas supplies among the parties involved. The Gas Balancing Agreement serves as a binding contract between gas suppliers, buyers, and operators in Philadelphia, Pennsylvania. It outlines the rights, responsibilities, and obligations of each party regarding the management and allocation of gas resources. The purpose of this exhibit is to establish the guidelines and procedures for gas balancing within the specified operational area. It ensures that any imbalances in gas supply and demand are reconciled fairly and efficiently. Proper gas balancing guarantees stable gas flows, meets regulatory requirements, and minimizes any potential financial discrepancies between the involved parties. Keywords: Philadelphia, Pennsylvania, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, legal document, gas balancing, gas supplies, equitable distribution, parties involved, gas resources, responsibilities, obligations, management, allocation, operational area, imbalances, supply and demand, reconciled, regulatory requirements, financial discrepancies, gas flows. Different types of Philadelphia Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include variations based on specific circumstances and unique contractual agreements. These variations could be related to geographical areas within Philadelphia, different gas suppliers or buyers, specific terms and conditions, alternative dispute resolution mechanisms, or pricing structures. It is crucial to carefully review the specific details mentioned in each type of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 as they may vary depending on the situation at hand. Parties involved should ensure that all relevant information is accurately incorporated into the exhibit, considering the specific requirements and objectives of their gas balancing arrangement. By adhering to this legally binding agreement and its Exhibit E, gas suppliers, buyers, and operators can effectively manage gas supply and demand, ensuring the smooth functioning of Philadelphia's gas infrastructure while respecting the rights and responsibilities of each stakeholder involved.Philadelphia, Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a legal document that pertains to gas balancing agreements in the Philadelphia area. This exhibit is a crucial component of the operating agreement and ensures the equitable distribution and balancing of gas supplies among the parties involved. The Gas Balancing Agreement serves as a binding contract between gas suppliers, buyers, and operators in Philadelphia, Pennsylvania. It outlines the rights, responsibilities, and obligations of each party regarding the management and allocation of gas resources. The purpose of this exhibit is to establish the guidelines and procedures for gas balancing within the specified operational area. It ensures that any imbalances in gas supply and demand are reconciled fairly and efficiently. Proper gas balancing guarantees stable gas flows, meets regulatory requirements, and minimizes any potential financial discrepancies between the involved parties. Keywords: Philadelphia, Pennsylvania, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 2, legal document, gas balancing, gas supplies, equitable distribution, parties involved, gas resources, responsibilities, obligations, management, allocation, operational area, imbalances, supply and demand, reconciled, regulatory requirements, financial discrepancies, gas flows. Different types of Philadelphia Pennsylvania Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 may include variations based on specific circumstances and unique contractual agreements. These variations could be related to geographical areas within Philadelphia, different gas suppliers or buyers, specific terms and conditions, alternative dispute resolution mechanisms, or pricing structures. It is crucial to carefully review the specific details mentioned in each type of Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 as they may vary depending on the situation at hand. Parties involved should ensure that all relevant information is accurately incorporated into the exhibit, considering the specific requirements and objectives of their gas balancing arrangement. By adhering to this legally binding agreement and its Exhibit E, gas suppliers, buyers, and operators can effectively manage gas supply and demand, ensuring the smooth functioning of Philadelphia's gas infrastructure while respecting the rights and responsibilities of each stakeholder involved.
