Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-406
• Format: Word; Rich Text

Description

This form of release is used when Lienholder releases, relinquishes, and surrenders to Mortgagor/ Grantor's Assignee all of Lienholder's rights, claims, and liens under the Mortgage/Deed of Trust in and to an undivided overriding royalty interest. A Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest refers to a legal document that releases a portion of a lien on the assigned overriding royalty interest in oil and gas leases located in Hawaii. This document is important for parties involved in the oil and gas industry in Hawaii, including lessors, lessees, and individuals with ownership interests in overriding royalty interests. The Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest serves as a means to release a portion of the lien that has been placed on the assigned overriding royalty interest. This can occur when the lien holder has received a partial payment or when the parties agree to a partial release as part of a negotiated settlement. It is essential to accurately document the release to avoid any future disputes or complications. In Hawaii, there are different types of Partial Release of Lien on Assigned Overriding Royalty Interest documents, including: 1. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Partial Payment: This type of release is used when a lien holder receives a partial payment for the assigned overriding royalty interest, and releases a portion of the lien accordingly. It clearly outlines the amount paid and the percentage or portion of the lien being released. 2. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Negotiated Settlement: This type of release is employed when the parties involved agree to a settlement that involves a partial release of the lien. It specifies the terms of the settlement, including the amount paid, the percentage or portion of the lien being released, and any other relevant conditions or agreements. 3. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Specific Tract or Lease: This type of release focuses on the partial release of the lien on an assigned overriding royalty interest for a specific tract or lease in Hawaii. It specifically identifies the tract or lease that the partial release pertains to. When drafting a Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest, it is crucial to include essential information such as the names and addresses of the parties involved, the assigned overriding royalty interest being released, the amount paid (if applicable), the percentage or portion of the lien being released, and any additional terms or conditions agreed upon. Obtaining legal advice from a qualified attorney familiar with Hawaii's laws and regulations pertaining to liens and overriding royalty interests is recommended to ensure accuracy and compliance with state-specific requirements.

A Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest refers to a legal document that releases a portion of a lien on the assigned overriding royalty interest in oil and gas leases located in Hawaii. This document is important for parties involved in the oil and gas industry in Hawaii, including lessors, lessees, and individuals with ownership interests in overriding royalty interests. The Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest serves as a means to release a portion of the lien that has been placed on the assigned overriding royalty interest. This can occur when the lien holder has received a partial payment or when the parties agree to a partial release as part of a negotiated settlement. It is essential to accurately document the release to avoid any future disputes or complications. In Hawaii, there are different types of Partial Release of Lien on Assigned Overriding Royalty Interest documents, including: 1. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Partial Payment: This type of release is used when a lien holder receives a partial payment for the assigned overriding royalty interest, and releases a portion of the lien accordingly. It clearly outlines the amount paid and the percentage or portion of the lien being released. 2. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Negotiated Settlement: This type of release is employed when the parties involved agree to a settlement that involves a partial release of the lien. It specifies the terms of the settlement, including the amount paid, the percentage or portion of the lien being released, and any other relevant conditions or agreements. 3. Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest for Specific Tract or Lease: This type of release focuses on the partial release of the lien on an assigned overriding royalty interest for a specific tract or lease in Hawaii. It specifically identifies the tract or lease that the partial release pertains to. When drafting a Hawaii Partial Release of Lien on Assigned Overriding Royalty Interest, it is crucial to include essential information such as the names and addresses of the parties involved, the assigned overriding royalty interest being released, the amount paid (if applicable), the percentage or portion of the lien being released, and any additional terms or conditions agreed upon. Obtaining legal advice from a qualified attorney familiar with Hawaii's laws and regulations pertaining to liens and overriding royalty interests is recommended to ensure accuracy and compliance with state-specific requirements.