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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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 Ohio Certificate of Termination of Unit is an official document that signifies the dissolution or termination of a specific unit within a larger organization or entity. This certificate serves as legal proof that the unit is no longer operational or functioning. It is typically obtained when a decision is made to disband or dissolve a department, division, or other organizational unit. Keywords: Ohio, Certificate of Termination of Unit, dissolution, termination, unit, organization, entity, legal proof, disband, dissolve, department, division, organizational unit. There are different types of Ohio Certificate of Termination of Unit, depending on the specific circumstances and nature of the termination. Here are some common types: 1. Departmental Dissolution Certificate: This type of termination certificate is used when a department within an organization is being dissolved or terminated. It outlines the details of the department's closure and serves as official documentation of this change. 2. Division Termination Certificate: When a division within an entity is being terminated, this specific certificate is issued. It includes information regarding the decision-making process, timeline, and any relevant legal requirements for the division’s termination. 3. Unit Closure Certificate: This certificate is utilized when a unit or sub-unit within an organization is being shut down. It includes pertinent details such as the reason for closure, actions taken, and the responsible authority's signature. 4. Branch Dissolution Certificate: In cases where a branch or satellite office of an organization is being dissolved, this certificate is issued. It provides evidence that the branch is no longer operational and clarifies the necessary legal steps taken to ensure the closure. 5. Subsidiary Liquidation Certificate: If a subsidiary company is being liquidated or dissolved within Ohio, this certificate is obtained to formalize the process. It includes information on the liquidation procedure and the distribution of assets. In summary, the Ohio Certificate of Termination of Unit is a crucial document that acknowledges the dissolution or termination of a specific unit within an organization. The various types of certificates cater to different scenarios, such as departmental dissolution, division termination, unit closure, branch dissolution, and subsidiary liquidation. Obtaining the appropriate certificate ensures legal compliance and provides a concrete record of the unit's termination.
