This operating agreement exhibit is used in the event any party is not able to take its share of gas, or has contracted to sell its share of gas produced from the Contract Area to a purchaser which is unable at any time while the Operating Agreement is in effect to take the share of gas attributable to the interest of the party.
Keywords: Indiana, Exhibit E, Operating Agreement Gas Balancing Agreement, Form 1, types. Description: The Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 is a crucial legal document that outlines the terms and conditions related to gas balancing within the state of Indiana. This agreement ensures fair and efficient gas distribution and management among the parties involved, thereby promoting an equitable gas market. There are three different types of Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1, namely: 1. Residential Gas Balancing Agreement: This type of agreement focuses on balancing gas distribution among residential consumers and providers in Indiana. It ensures that residential gas users have uninterrupted access to gas while maintaining a balance in gas supply and demand across the state. The agreement outlines the procedures and responsibilities of both parties to ensure reliable and consistent gas delivery. 2. Commercial Gas Balancing Agreement: The commercial gas balancing agreement is designed for businesses and industrial consumers in Indiana. It establishes guidelines and obligations for gas balancing, ensuring a steady supply of gas that meets the demands of various commercial entities. This type of agreement typically involves larger volume gas consumers and may have specific provisions tailored to the requirements of commercial operations. 3. Industrial Gas Balancing Agreement: The industrial gas balancing agreement caters to large-scale industrial consumers in Indiana, such as factories or manufacturing plants. These agreements address the unique gas requirements and consumption patterns of industrial operations. They define the responsibilities of both the gas supplier and the industrial consumer, ensuring an optimal balance between gas supply, usage, and cost-effectiveness. Irrespective of the type, the Indiana Exhibit E to Operating Agreement Gas Balancing Agreement — Form 1 acts as a legally binding contract that helps regulate and maintain a stable gas distribution network across the state. It ensures that gas suppliers and consumers work together efficiently, minimizing disruptions and maximizing the benefit for all parties involved.
