This form is signed by and on behalf of the Unit Operator covering lands in which a Unit was formed and established by the Unit Agreement. Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the Agreement.
The Delaware Certificate of Termination of Unit is a legal document that is filed with the Delaware Division of Corporations to formally dissolve a limited liability company (LLC) or limited partnership (LP) operating as a series or a unit. This certificate serves as proof that the entity has undergone the necessary termination process and is no longer active. The Delaware Certificate of Termination of Unit is an important document for LCS and LPs seeking to wind up their business affairs and cease operations. By filing this certificate, the entity signals its intention to terminate and close down its operations in compliance with Delaware state law. The content of the Delaware Certificate of Termination of Unit typically includes the following information: 1. Entity Information: The legal name and business address of the LLC or LP for which the termination is being filed. 2. Filing Date: The date when the certificate is being submitted to the Delaware Division of Corporations. 3. Jurisdiction: Specification of the state or country where the LLC or LP was initially formed. 4. Series or Unit Information: The identification of the specific series or unit within the LLC or LP structure that is being terminated. This helps to differentiate between multiple series or units operating under the same entity. 5. Authorized Signature: The signature of an authorized person, such as a managing member or general partner, who has the legal capacity to execute the certificate on behalf of the entity. Keywords: Delaware, Certificate of Termination of Unit, LLC, LP, limited liability company, limited partnership, dissolution, legal document, series, termination process, compliance, wound up, business affairs, compliance, cessation of operations, Delaware state law, entity information, filing date, jurisdiction, series or unit information, authorized signature. Different types of Delaware Certificate of Termination of Unit usually don't exist, as the certificate primarily refers to the termination of a specific series or unit within an LLC or LP structure. However, variations may arise based on the nature of the entity and its unique organizational structure.
