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Article V.A. of the 1989 AAPL form of Joint Operating Agreement ("JOA") contains the following exculpatory clause:
"Operator shall conduct its activ...
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Article V.A. of the 1989 AAPL form of Joint Operating Agreement ("JOA") contains the following exculpatory clause:
"Operator shall conduct its acti...
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The proposed information collection requirement described below has been submitted to the Office of Management and Budget (OMB) for review, as required by the Paperwork Reduction Act. The Department is soliciting public comments on the subject proposal. The Mark to Market Program is authorized under the Multifamily Assisted Housing Reform and Affordability Act of 1997 as extended by the Market to Market Extension Act of 2001. The information collection is required and will be used to determine the eligibility of FHA insured multifamily properties for participation in the Mark to Market program and the terms on which such participation should occur as well as to process eligible properties from acceptance into the program through closing of the mortgage restructure in accordance with pro...
...Agency form numbers, if applicable: Operating Procedures Guidee (OPG) Forms: Accommodation Agreement--Debt Assgn--TPA Post Restr (Form/Apdx C), Accommo...
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... of Petroleum Land Men (“AAPL”) Model Form Operating Agreement (“Operating Agreement”) th...
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The American limited liability company (LLC) is like an incorporated partnership. The LLC allows private business owners to form a company that provides protection from personal liability for business debts, without incurring a second level of corporate federal income tax on the business entity's earnings. A blended theoretical model for LLC governance is advanced that recognizes the important role that the law plays in shaping expectations of trustworthy behavior. The Mandatory Core Model permits contractual innovation within the framework of a mandatory core of minimum statutory fiduciary duties. The Mandatory Core Model creates the framework within which courts can enforce LLC operating agreements while also addressing abusive investor conduct. A purely contractarian paradigm presupp...
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LAS VEGAS, August 6, 2012 /PRNewswire/ -- Green Energy Renewable Solutions, Inc. (OTCBB: EWRL), a developer and operator of municipal solid waste processing and recycling facilities announced today that it has entered into a Letter of Intent to form a joint venture with Landfill Solutions, LLC of Puerto Rico, to remediate and manage the Yabucoa municipal landfill that has been closed since 2011. The remediation plan is designed to bring the landfill up to current operating standards and reopen the landfill for operations while developing recycling and waste conversion facilities.
Under terms of the agreement, the joint venture ("The Venture Company") will provide immediate remediation of the Yabucoa landfill located on 50 acres in the southeastern tip of the island of Puerto Rico. The i...
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FOOTHILL RANCH, Calif. -- Specialty retailer The Wet Seal, Inc. (Nasdaq:WTSLA) announced today that it has entered into a Securities Purchase Agreemen...
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Regardless of the purpose of the valuation, a review and analysis of the limited liability company operating agreement is essential. In his article "Anatomy of an LLC Operating Agreement: The Fundamentals for Valuation Analysts" (The Value Examiner September/ October 2012, National Association of Certified Valuators and Analysts, Salt Lake City), L. Paul Hood Jr. discusses important LLC provisions and their implications to business valuations.
First and foremost, as Hood notes, you need to know whether the LLC is taxed as a partnership, a C corporation or as an S corporation. If the operating agreement does not state how the LLC is treated for tax purposes, that information can be found on the LLC tax return. A Form 1065 is filed if the LLC is taxed as a partnership; a Form 1120 if it i...
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...(i) Form FmHA or its successor agency under Public Law 103-...(vi) Exhibit B of this subpart, ?Agreement for New Member (With or Without Withdrawing Member... under Public Law 103-354 442-24, ?Operating Agreement,? (now obsolete) was executed by recipie...
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... of Professional Landmen ("AAPL") Model Form Operating Agreement commonly used in the energy in...