This operating agreement exhibit takes effect if any party takes and disposes of less than its percentage interest share of gas (including casinghead gas) produced and saved during any calendar month. The volume not taken by that party may be taken by any other party or parties.
Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 refers to a specific legal document that is used in the gas industry. This agreement is a crucial part of operating agreements for gas companies operating in the Bronx area of New York. The primary purpose of the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is to outline the terms and conditions for gas balancing activities within the Bronx area. Gas balancing refers to the measurement and adjustment of gas flows to maintain equilibrium in the natural gas transmission and distribution systems. It ensures that the appropriate amount of gas is being supplied to consumers while also maintaining system integrity. This form typically encompasses several key aspects: 1. Gas Balancing Procedures: The agreement outlines the specific procedures and protocols to be followed for gas balancing activities in the Bronx, New York area. It may include details on metering, data collection, calculation methodologies, and reporting requirements. 2. Gas Balancing Rights and Responsibilities: The agreement clarifies the rights and responsibilities of the parties involved in gas balancing. This can include provisions regarding the gas supplier, distribution companies, and end-users, as well as any third-party service providers involved in the process. 3. Allocation of Costs: The form may also address the allocation of costs associated with gas balancing activities. This could include expenses related to metering devices, data management systems, or any additional infrastructure required for effective gas balancing operations. 4. Dispute Resolution: In cases where disputes arise between the parties involved in gas balancing, the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may define mechanisms for dispute resolution, such as arbitration or mediation. It is important to note that while the main purpose and content of the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 remain consistent, variations may occur based on specific circumstances or the preferences of the parties involved. Different types or variations of this exhibit may include revised versions, specific addendums addressing unique conditions, or modifications in line with changing industry regulations. In conclusion, the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical document that facilitates gas balancing activities within the Bronx area. It ensures efficient gas supply, operational integrity, and fairness among stakeholders involved in the gas industry.Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 refers to a specific legal document that is used in the gas industry. This agreement is a crucial part of operating agreements for gas companies operating in the Bronx area of New York. The primary purpose of the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is to outline the terms and conditions for gas balancing activities within the Bronx area. Gas balancing refers to the measurement and adjustment of gas flows to maintain equilibrium in the natural gas transmission and distribution systems. It ensures that the appropriate amount of gas is being supplied to consumers while also maintaining system integrity. This form typically encompasses several key aspects: 1. Gas Balancing Procedures: The agreement outlines the specific procedures and protocols to be followed for gas balancing activities in the Bronx, New York area. It may include details on metering, data collection, calculation methodologies, and reporting requirements. 2. Gas Balancing Rights and Responsibilities: The agreement clarifies the rights and responsibilities of the parties involved in gas balancing. This can include provisions regarding the gas supplier, distribution companies, and end-users, as well as any third-party service providers involved in the process. 3. Allocation of Costs: The form may also address the allocation of costs associated with gas balancing activities. This could include expenses related to metering devices, data management systems, or any additional infrastructure required for effective gas balancing operations. 4. Dispute Resolution: In cases where disputes arise between the parties involved in gas balancing, the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may define mechanisms for dispute resolution, such as arbitration or mediation. It is important to note that while the main purpose and content of the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 remain consistent, variations may occur based on specific circumstances or the preferences of the parties involved. Different types or variations of this exhibit may include revised versions, specific addendums addressing unique conditions, or modifications in line with changing industry regulations. In conclusion, the Bronx, New York Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a critical document that facilitates gas balancing activities within the Bronx area. It ensures efficient gas supply, operational integrity, and fairness among stakeholders involved in the gas industry.
