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.
Rhode Island Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is a legal document that pertains to gas balancing agreements within the state of Rhode Island. This specific form serves as an exhibit to the operating agreement, providing detailed information about gas balancing procedures, rights, and obligations for parties involved in gas production, transportation, and distribution. The purpose of Rhode Island Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 is to ensure a fair and balanced approach to gas distribution, minimizing imbalances and disruptions in the gas supply chain. It outlines responsibilities and protocols for gas balancing, including the measurement and reporting of gas quantities, as well as any necessary adjustments to maintain equilibrium. Some relevant keywords associated with this form could include: 1. Rhode Island: Signifying the jurisdiction to which the gas balancing agreement is applicable, namely the state of Rhode Island. 2. Exhibit E: Represents the specific section or exhibit within the operating agreement that deals with gas balancing. Other exhibits may address different aspects of the agreement. 3. Operating Agreement: Refers to the main legal document that governs the relationship and responsibilities among parties involved in gas production, transportation, and distribution. 4. Gas Balancing Agreement: Focuses on establishing procedures and guidelines to ensure a balanced gas supply, addressing any discrepancies or imbalances within the system. 5. Form 4: Indicates a specific standardized format or template used for this exhibit, implying that there may be other variations (e.g., Form 1, Form 2, etc.) that address different aspects of the gas balancing agreement. It is essential to note that the specific contents and sections of Rhode Island Exhibit E to Operating Agreement Gas Balancing Agreement — Form 4 may vary depending on the specific agreement and the parties involved. It is recommended to consult the actual document or a legal professional to obtain accurate and up-to-date information pertaining to the gas balancing agreement in Rhode Island.
