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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Illinois Certificate of Termination of Unit is a legal document that signifies the dissolution or termination of a unit within an organization or a specific entity in the state of Illinois. This certificate is usually filed with the Illinois Secretary of State's office or any other designated authority to formalize the termination process. The Certificate of Termination of Unit serves as confirmation that a specific unit or division within an organization has ceased to exist. This can occur due to various reasons, such as the completion of a project or the restructuring of the organization. Additionally, this certificate may be required to dissolve a specific unit to comply with legal or regulatory requirements. Keywords: Illinois, Certificate of Termination of Unit, dissolution, termination, organization, entity, Secretary of State, formalize, confirmation, division, restructuring, project, legal, regulatory requirements. In Illinois, there might be different types of Certificates of Termination of Unit, depending on the nature of the unit being terminated. Some potential types include: 1. Business Unit Certificate of Termination: This type of certificate is used to formally terminate a specific business unit within an organization. It may be filed when a business division is no longer profitable or aligning with the organization's objectives. 2. Not-for-Profit Unit Certificate of Termination: Non-profit organizations may require this certificate to dissolve a particular unit or program that is no longer serving its intended purpose or facing financial challenges. 3. Real Estate Unit Certificate of Termination: For entities involved in real estate development or management, this certificate could be utilized to terminate a specific unit or development project upon its completion or due to changing market conditions. 4. Government Unit Certificate of Termination: In the public sector, this type of certificate may be used when a government agency decides to dissolve a specific unit or department to streamline operations or allocate resources more efficiently. These are some possible types of Illinois Certificates of Termination of Unit that may exist. The specific type required will vary based on the nature of the organization and the unit being terminated. (Note: It is essential to consult legal professionals or the Illinois Secretary of State's office for accurate and up-to-date information regarding the specific types of Illinois Certificates of Termination of Unit.)
