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.
Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that outlines the specific terms and conditions regarding gas balancing in the state of Maine. This exhibit is an essential component of the operating agreement for gas companies operating in Maine. It covers various aspects of gas balancing, including the allocation and adjustment of gas quantities, penalties for imbalances, and dispute resolution procedures. Key keywords relevant to this document include: 1. Operating Agreement: This refers to the legal contract between gas companies that governs their operations and outlines the rights and responsibilities of each party involved. 2. Gas Balancing Agreement: This agreement specifically focuses on the process of gas balancing, which involves managing and adjusting gas quantities to ensure smooth operations and fair distribution among parties. 3. Maine: This keyword highlights the fact that this exhibit is specific to the state of Maine, indicating that the agreement and its terms are designed to comply with Maine's regulations and laws. Different types or variations of Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may exist depending on specific gas companies or projects. These variations could include amendments, additions, or specific customization based on individual circumstances. However, the general purpose and framework of the agreement remain similar in all forms. In summary, Maine Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a crucial legal document that outlines the rules and procedures for gas balancing in the state of Maine. Gas companies must adhere to the terms outlined in this exhibit to ensure fair and efficient gas distribution and resolve any disputes that may arise.
