California Participation Agreement for Single Well

State:
Multi-State
Control #:
US-OG-218
Format:
Word; 
Rich Text
Instant download

Description

The Agreement is between an Operator and Participant. The Operator is the owner of the oil and gas leases covering the acreage described as the Contract Area in the Operating Agreement attached to this Agreement as Exhibit A. The Participant desires to acquire an undivided percent leasehold working interest in the Leased Acreage, and participate in drilling the well, which will be an approximate ft. test, which will be located on the Leased Acreage.

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FAQ

In the most basic sense, a participation agreement states all the terms and conditions you need to adhere to should you enter or undergo business transactions with another party.

Generally, participation agreements involve one or more participants who purchase an interest in the underlying loan, but a single lender, the lead lender, retains control over the loan and manages the relationship with the borrower.

The Participation Agreement is a contract between Ontario Works and the applicant(s). It is put together collaboratively with the applicant and the caseworker to make sure it is tailored to meet the unique needs of the individual applying.

What is a Loan Participation Agreement? A loan participation agreement is an agreement between a lender (lead lender) and a party who purchases an interest in an underlying loan (participant). In this agreement, the lead lender maintains control over the loan and manages the relationship with the borrower.

Agreement to Participate means the agreement evidencing an Eligible Employee's election to participate in the Plan and setting forth the amount of Health Reimbursement Benefits to be made available to the Participant for a Plan Year or portion of a Plan Year as reimbursement for Qualified Expenses.

Whether a contract is 200 pages or 10 pages, to be a legally binding agreement they must contain six basic elements: Offer, Acceptance, Awareness, Consideration, Capacity, Legality.

A joint participation agreement is a contract between a local government and transit company that outlines the terms of their partnership toward public transit. This includes details regarding what roles and responsibilities each party takes on under the contract.

3 1 Not all loan participation agreements qualify as securities under the judicially devised tests for notes and investment contracts, but under certain circum- stances, loan participation agreements are securities.

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California Participation Agreement for Single Well