Pima Arizona Amendment to Unit Agreement

• Category: Oil Gas and Minerals - Pooling and Unitization
• State: Multi-State
• County: Pima
• Control #: US-OG-733
• Format: Word; Rich Text

Description

The form is used when the Owners, by unanimous consent, desire to amend a Unit Agreement. It may be executed in multiple counterparts, which, when taken together, shall be deemed one and the same instrument. The Lima, Arizona Amendment to Unit Agreement is a legal document that pertains to the modification or alteration of an existing unit agreement within the Pima County jurisdiction of Arizona, United States. This amendment is crucial in updating and fine-tuning the terms and conditions that govern the management, operation, and development of a specific unit or project. Under the Lima, Arizona Amendment to Unit Agreement, there are different types that can be encountered based on the nature and purpose of the modification. These may include: 1. Expansion Amendment: This type of amendment focuses on the enlargement or extension of an existing unit, allowing for the inclusion of additional parcels of land, structures, or assets. It outlines the procedures and requirements necessary for the expansion and working mechanisms to be implemented. 2. Restructuring Amendment: A restructuring amendment involves changes in the organizational structure or composition of a unit agreement. It could address matters such as the addition or removal of parties involved, modification of Partnership Agreements, or realignment of responsibilities among the stakeholders. 3. Adjustments to Unit Boundaries: Sometimes, an amendment is required to modify or redefine the boundaries of a particular unit. This adjustment might be necessary due to changes in land ownership, topographical considerations, or practicality in unit operations. 4. Technical Amendment: This type of amendment accommodates minor revisions or adjustments to the original unit agreement, often aimed at rectifying errors, clarifying ambiguous language, or addressing unforeseen situations that were not appropriately addressed in the initial agreement. Regardless of the specific type, the Lima, Arizona Amendment to Unit Agreement should include specific keywords and phrases to ensure its relevance and legal validity. Some relevant keywords to consider include "Pima County," "Arizona," "Unit Agreement," "amendment," "modification," "expansion," "restructuring," "adjustments," "boundaries," and "technical." It is crucial to use these keywords properly throughout the detailed description to optimize its searchability and provide accurate information.

The Lima, Arizona Amendment to Unit Agreement is a legal document that pertains to the modification or alteration of an existing unit agreement within the Pima County jurisdiction of Arizona, United States. This amendment is crucial in updating and fine-tuning the terms and conditions that govern the management, operation, and development of a specific unit or project. Under the Lima, Arizona Amendment to Unit Agreement, there are different types that can be encountered based on the nature and purpose of the modification. These may include: 1. Expansion Amendment: This type of amendment focuses on the enlargement or extension of an existing unit, allowing for the inclusion of additional parcels of land, structures, or assets. It outlines the procedures and requirements necessary for the expansion and working mechanisms to be implemented. 2. Restructuring Amendment: A restructuring amendment involves changes in the organizational structure or composition of a unit agreement. It could address matters such as the addition or removal of parties involved, modification of Partnership Agreements, or realignment of responsibilities among the stakeholders. 3. Adjustments to Unit Boundaries: Sometimes, an amendment is required to modify or redefine the boundaries of a particular unit. This adjustment might be necessary due to changes in land ownership, topographical considerations, or practicality in unit operations. 4. Technical Amendment: This type of amendment accommodates minor revisions or adjustments to the original unit agreement, often aimed at rectifying errors, clarifying ambiguous language, or addressing unforeseen situations that were not appropriately addressed in the initial agreement. Regardless of the specific type, the Lima, Arizona Amendment to Unit Agreement should include specific keywords and phrases to ensure its relevance and legal validity. Some relevant keywords to consider include "Pima County," "Arizona," "Unit Agreement," "amendment," "modification," "expansion," "restructuring," "adjustments," "boundaries," and "technical." It is crucial to use these keywords properly throughout the detailed description to optimize its searchability and provide accurate information.