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.
In the context of gas balancing agreements and operating agreements, Chicago, Illinois Exhibit E plays a crucial role in outlining the specific terms and conditions related to gas balancing activities within the city. The exhibit serves as an essential component of the overall agreement, providing comprehensive guidelines and provisions to ensure effective gas balancing practices are followed. Chicago, being a major metropolitan hub and a vital center for commerce and industry, sees significant gas consumption and distribution. Therefore, the Exhibit E to the Operating Agreement Gas Balancing Agreement — Form 4 delineates detailed rules and procedures to maintain a balance between gas supply and demand to sustain reliable operations. Keywords: Chicago, Illinois, Exhibit E, Operating Agreement, Gas Balancing Agreement, Form 4, gas balancing activities, terms and conditions, guidelines, provisions, gas consumption, distribution, balance, supply, demand, reliable operations. Different types of Chicago, Illinois Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may include: 1. Standard Exhibit E: This refers to the commonly used template of the exhibit, which incorporates industry-standard terms and conditions for gas balancing activities in Chicago, Illinois. 2. Customized Exhibit E: Some gas balancing agreements may require specific modifications or additional clauses to align with the unique circumstances of the parties involved. In such cases, a customized version of Exhibit E is drafted to address their particular requirements. 3. Renewable Energy Exhibit E: With the rising importance of renewable energy sources and environmental considerations, there may be specialized Exhibit E variations tailored to accommodate the integration of renewable energy into gas balancing operations in Chicago, Illinois. 4. Emergency Gas Balancing Exhibit E: In situations where unexpected events or emergencies lead to significant fluctuations in gas supply or demand, an emergency version of Exhibit E might be in place. This specific exhibit would include provisions to handle these unforeseen circumstances effectively. Note: The mentioned types of Exhibit E are hypothetical and presented to showcase potential variations. The actual types may differ depending on the specific gas balancing agreement and the parties involved.
