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 Pursuant to the specified Article/Section of the Agreement, the purposes for which the Unit was established are no longer in effect and the parties to the Agreement (being the original Working Interest Owners in Tracts included in the Unit, or their successors) have elected to terminate the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.
Collin Texas Certificate of Termination of Unit is a legal document issued by the appropriate authorities in Collin County, Texas, to officially declare the termination or dissolution of a specific unit within a larger organization or entity. This certificate serves as proof that the unit in question has reached its conclusion and is no longer active. Keywords: Collin Texas, Certificate of Termination of Unit, legal document, termination, dissolution, unit, organization, entity, proof, active. Different types of Collin Texas Certificate of Termination of Unit may include: 1. Business Unit Certificate of Termination: This type of certificate is issued when a specific business unit within a company or corporation in Collin County, Texas, reaches its endpoint due to various reasons such as reorganization, bankruptcy, mergers, or overall strategic planning. 2. Property Unit Certificate of Termination: This certificate is provided when a specific property unit, such as a building, land parcel, or real estate development, undergoes termination or dissolution in Collin County, Texas. Reasons for this termination can range from legal disputes, changing market conditions, or completion of the project. 3. Non-Profit Unit Certificate of Termination: This particular certificate is granted when a non-profit unit or organization within Collin County, Texas, concludes its operations. This may occur due to the achievement of its goals, lack of funding, inability to sustain operations, or decision to merge with other entities. 4. Governmental Unit Certificate of Termination: This certificate is issued when a specific governmental unit, such as a department, agency, or committee, in Collin County, Texas, terminates its functions or ceases to exist. Reasons for termination can include restructuring, consolidation, or changes in legislation. Collin Texas Certificate of Termination of Unit serves as an essential legal document to record and formalize the end of a particular unit's existence within the region. It helps provide clarity, closure, and official recognition of the termination or dissolution process for the relevant parties involved, ensuring transparency and compliance with the legal requirements of Collin County, Texas.
