Pooling election definition

Pooling election means the statutory combination of interests which affords owners the right to choose between participating in the drilling of a well or accepting royalty payments.

Related to Pooling election

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • Bond election means an election held for the purpose of approving or rejecting

  • REMIC Opinion An Independent Opinion of Counsel, to the effect that the proposed action described therein would not, under the REMIC Provisions, (i) cause any REMIC created hereunder to fail to qualify as a REMIC while any regular interest in such REMIC is outstanding, (ii) result in a tax on prohibited transactions with respect to any REMIC created hereunder or (iii) constitute a taxable contribution to any REMIC created hereunder after the Startup Day.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Special election means an election held as authorized by Section 20A-1-203.