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.
Phoenix, Arizona is a vibrant and bustling city located in the southwestern United States. Known for its warm climate, stunning desert landscapes, and rich cultural heritage, Phoenix is a popular destination for both tourists and residents alike. When it comes to legal agreements and business transactions, one particular document that may come into play is the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2. This agreement, specific to Phoenix, Arizona, is crucial for the smooth operation and management of gas balancing activities within the region. The Phoenix Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is designed to outline the terms and conditions related to gas balancing procedures among the involved parties. Gas balancing refers to the process of equalizing gas supply and consumption to maintain stability in the overall gas system. This agreement plays a crucial role in ensuring a fair and efficient distribution of gas resources in Phoenix. The Exhibit E of the operating agreement may outline various types of gas balancing agreements specific to Phoenix, Arizona. Some potential types of these agreements may include: 1. Gas Supply Balancing Agreement: This type of agreement focuses on the allocation and balancing of gas supplies among different entities within Phoenix. It ensures that each party receives a fair share of the available gas resources, preventing any imbalance or shortages. 2. Gas Consumption Balancing Agreement: This agreement centers around the consumption of gas within Phoenix. It addresses the distribution and utilization of gas, aiming to maintain an equilibrium between the various users and avoid any excess or inadequate supply. 3. Gas Infrastructure Balancing Agreement: This type of agreement specifically focuses on the infrastructure aspects related to gas balancing in Phoenix. It outlines the responsibilities and obligations of each party in maintaining and upgrading the gas infrastructure to support a balanced gas system. 4. Gas Pricing Balancing Agreement: This agreement deals with the pricing structure of gas within Phoenix, ensuring that prices are reasonable and balanced for all parties involved, such as suppliers, distributors, and consumers. It may include provisions for pricing adjustments based on market conditions and other factors. Overall, the Phoenix Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a critical legal document that governs the gas balancing activities in the region. By establishing clear guidelines and procedures, this agreement helps promote a fair and efficient distribution of gas resources, ensuring smooth operations for all stakeholders involved.Phoenix, Arizona is a vibrant and bustling city located in the southwestern United States. Known for its warm climate, stunning desert landscapes, and rich cultural heritage, Phoenix is a popular destination for both tourists and residents alike. When it comes to legal agreements and business transactions, one particular document that may come into play is the Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2. This agreement, specific to Phoenix, Arizona, is crucial for the smooth operation and management of gas balancing activities within the region. The Phoenix Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is designed to outline the terms and conditions related to gas balancing procedures among the involved parties. Gas balancing refers to the process of equalizing gas supply and consumption to maintain stability in the overall gas system. This agreement plays a crucial role in ensuring a fair and efficient distribution of gas resources in Phoenix. The Exhibit E of the operating agreement may outline various types of gas balancing agreements specific to Phoenix, Arizona. Some potential types of these agreements may include: 1. Gas Supply Balancing Agreement: This type of agreement focuses on the allocation and balancing of gas supplies among different entities within Phoenix. It ensures that each party receives a fair share of the available gas resources, preventing any imbalance or shortages. 2. Gas Consumption Balancing Agreement: This agreement centers around the consumption of gas within Phoenix. It addresses the distribution and utilization of gas, aiming to maintain an equilibrium between the various users and avoid any excess or inadequate supply. 3. Gas Infrastructure Balancing Agreement: This type of agreement specifically focuses on the infrastructure aspects related to gas balancing in Phoenix. It outlines the responsibilities and obligations of each party in maintaining and upgrading the gas infrastructure to support a balanced gas system. 4. Gas Pricing Balancing Agreement: This agreement deals with the pricing structure of gas within Phoenix, ensuring that prices are reasonable and balanced for all parties involved, such as suppliers, distributors, and consumers. It may include provisions for pricing adjustments based on market conditions and other factors. Overall, the Phoenix Arizona Exhibit E to Operating Agreement Gas Balancing Agreement — Form 2 is a critical legal document that governs the gas balancing activities in the region. By establishing clear guidelines and procedures, this agreement helps promote a fair and efficient distribution of gas resources, ensuring smooth operations for all stakeholders involved.
