This is a provision for an Operating Agreement that concerns the Assignment of rights to an obligatory well. It provides the assignment options if any proposed operations are necessary to maintain a Lease covered by the Agreement in force or an agreement to earn a lease(s) which would otherwise expire unless operations are conducted.
Obligatory Well
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Multi-State
Control #:
US-OG-710
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Word;
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Definitions of nonobligatory. adjective. not required by rule or law. synonyms: nonmandatory optional. possible but not necessary; left to personal choice.
Adjective. required as a matter of obligation; mandatory: A reply is desirable but not obligatory. incumbent or compulsory (usually followed by on or upon): duties obligatory on all. imposing moral or legal obligation; binding: an obligatory promise.
As adjectives the difference between obligatory and mandatory. is that obligatory is imposing obligation, morally or legally; binding while mandatory is obligatory; required or commanded by authority.
Compulsory (Required; obligatory; mandatory), mandatory (Obligatory; required or commanded by authority), and obligatory (Imposing obligation, morally or legally; binding) have related and similar meanings.On the other hand, the word 'compulsory' is generally used in the sense of 'essential'.
Required by law or a set of rules. Examples of Obligatory in a sentence. 1. As part of my obligatory court sentence, I must complete sixty hours of community service. d83ddd09
1 : binding in law or conscience The ordinance made it obligatory that homeowners clear the snow from the sidewalks. 2 : relating to or enforcing an obligation a writ obligatory.