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Designation of Successor Operator, Communitization Agreement

Category:
Oil Gas and Minerals - Pooling and Unitization
State:
Multi-State
Control #:
US-OG-729
Format:
Word; 
Rich Text
Instant download
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Description

This form is used for the Designation of a Successor Operator pursuant to a specified Section of a Communitization Agreement. First Party is designated by Second Parties as Operator of the communitized area, and First Party desires to assume all the rights, duties, and obligations of Operator under the Communitization Agreement.



This Agreement is incorporated into this Designation by reference and made a part of it as fully and effectively as though the Agreement were expressly set forth in this Designation.

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FAQ

Whereas the meaning of a director in a company as per company's act is: Meaning of Director as per the Companies Act, 1956.It includes any person who occupies the position of a director is known as Director whether or not designated as Director.

The definition of a designation is the act of pointing someone out with a name, a title or an assignment.An example of designation is someone being named president of an organization.

Designation means distinctive title or a distinguishing name. Designation is used by a testator to specifically distinguish a person without using the name of such person, often as a word of limitation (e.g., to my eldest son).

Designations refer to the expertise and qualifications a person must complete certain jobs. Job titles describe the level and position someone holds at a company or organization. Designations are assigned to individuals who get special licenses and certifications.

: to officially choose (someone or something) to do or be something : to officially give (someone or something) a particular role or purpose. : to call (something or someone) by a particular name or title. : to be used as a name for (something or someone)

A designation is a description, name, or title that is given to someone or something. Designation is the fact of giving that description, name, or title.A designation on a CV or resume is equivalent to a job title.

Designated Director means a member of the Board of Directors that was elected exclusively by the vote of one of the Applicable Series of the Series C Preferred Stock.Designated Director means the Person, if any, designated as "Board Representative" in accordance with Section 4.4 of the Purchase Agreement.

Designee refers to a person who has been designated to perform some duty or carry out some specific role. It is the person who has been designated. This is also termed as designate.

The definition of a designation is the act of pointing someone out with a name, a title or an assignment. An example of designation is someone being named president of an organization. noun.

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Designation of Successor Operator, Communitization Agreement
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