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

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • 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.

  • Pooling Agreement means the Fifth Amended and Restated Pooling Agreement, dated as of June 28, 2004, among Bunge Funding, Inc., Bunge Management Services, Inc., as servicer, and the Master Trust Trustee, as amended, modified or supplemented from time to time in accordance with its terms, subject to Section 3.02(f) hereof.

  • REMIC Election An election, for federal income tax purposes, to treat certain assets as a REMIC.

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • 10) Election has the meaning set forth in Section 6.05(a).

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

  • Special Servicing Compensation With respect to any Serviced Mortgage Loan, Serviced Loan Combination or REO Property (other than an REO Property related to an Outside Serviced Mortgage Loan), any of the Special Servicing Fee, the Workout Fee, and the Liquidation Fee which shall be due to the Special Servicer.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Supplemental Certificate shall have the meaning specified in Section 6.03.

  • Stock Election shall have the meaning set forth in Section 3.2.2.

  • Nondisqualification Opinion An Opinion of Counsel, prepared at the Trust’s expense and payable from the Collection Account, that a contemplated action will not cause (i) either the Lower-Tier REMIC or the Upper-Tier REMIC to fail to qualify as a REMIC or (ii) a “prohibited transaction” or “prohibited contributions” tax to be imposed on either the Lower-Tier REMIC or the Upper-Tier REMIC at any time that any Certificates are outstanding.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Additional Special Servicing Compensation As defined in Section 3.11(d).

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

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • 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.

  • Withdrawal Opinion of Counsel has the meaning assigned to such term in Section 11.1(b).

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

  • Non-Election Shares shall have the meaning set forth in Section 3.2.1.

  • Exchange Election shall have the meaning specified in Section 14.12(a).

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

  • Regular school election means the school trustee election provided for in 20-20-105(1).

  • Initial Certificate Transfer Opinion means an opinion rendered by nationally recognized tax counsel (i) upon the initial transfer by the Depositor of a Certificate that results in the Issuer being treated as a partnership for United States federal income tax purposes and (ii) while any Note retained by the Issuer or a Person that is considered the same Person as the Issuer for United States federal income tax purposes is outstanding that (x) such Note will be debt for United States federal income tax purposes or (y) the transfer by the Depositor of such Certificate will not cause the Issuer to be treated as an association or publicly traded partnership taxable as a corporation.