Nebraska Assignment of Overriding Royalty Interest for Multiple Leases - Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-291
• Format: Word; Rich Text

Description

This form is used by the Assignor to transfer, assign, and convey to Assignee an overriding royalty interest in multiple leases. Nebraska Assignment of Overriding Royalty Interest for Multiple Leases is a legal document used in the oil and gas industry to transfer the interest in royalty payments from one party to another. This assignment allows the assignee to receive a portion of the royalty payments generated from multiple leases. The "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause in the assignment refers to the difference between the assigned interest percentage and any existing burdens on the leasehold. In simpler terms, it means that the assignee will receive the calculated difference in royalty payments based on the specified percentage and the burdens on the leasehold. Different types of Nebraska Assignment of Overriding Royalty Interest for Multiple Leases with the "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause may include: 1. Individual Assignments: These assignments involve the transfer of a specific percentage of the overriding royalty interest from one party (the assignor) to another (the assignee). The assignee will receive the specified percentage of the royalty payments after deducting any existing burdens. 2. Joint Assignments: In joint assignments, multiple assignors transfer their overriding royalty interests to one or more assignees. The assignees will then collectively receive the calculated difference between the specified percentages and the existing leasehold burdens. 3. Partial Assignments: Partial assignments occur when the assignor transfers only a portion of their overriding royalty interest to the assignee. The assignee will receive the assigned percentage of the royalty payments, taking into account any burdens on the leasehold. 4. Multi-Lease Assignments: These assignments involve the transfer of overriding royalty interests from multiple leases to the assignee. The assignee will receive the difference between the specified percentage and the existing leasehold burdens for each lease, thereby earning royalty payments from multiple sources. 5. Assignments with Varying Interest Percentages: Some assignments may involve assigning overriding royalty interests with different percentages. In such cases, the assignee will receive the difference between each specified percentage and the relevant leasehold burdens. It is important to carefully review and understand the terms of the Nebraska Assignment of Overriding Royalty Interest for Multiple Leases, particularly the "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause, to ensure a clear understanding of the assigned royalty interest and any associated burdens. Legal advice is often recommended before entering into such agreements.

Nebraska Assignment of Overriding Royalty Interest for Multiple Leases is a legal document used in the oil and gas industry to transfer the interest in royalty payments from one party to another. This assignment allows the assignee to receive a portion of the royalty payments generated from multiple leases. The "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause in the assignment refers to the difference between the assigned interest percentage and any existing burdens on the leasehold. In simpler terms, it means that the assignee will receive the calculated difference in royalty payments based on the specified percentage and the burdens on the leasehold. Different types of Nebraska Assignment of Overriding Royalty Interest for Multiple Leases with the "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause may include: 1. Individual Assignments: These assignments involve the transfer of a specific percentage of the overriding royalty interest from one party (the assignor) to another (the assignee). The assignee will receive the specified percentage of the royalty payments after deducting any existing burdens. 2. Joint Assignments: In joint assignments, multiple assignors transfer their overriding royalty interests to one or more assignees. The assignees will then collectively receive the calculated difference between the specified percentages and the existing leasehold burdens. 3. Partial Assignments: Partial assignments occur when the assignor transfers only a portion of their overriding royalty interest to the assignee. The assignee will receive the assigned percentage of the royalty payments, taking into account any burdens on the leasehold. 4. Multi-Lease Assignments: These assignments involve the transfer of overriding royalty interests from multiple leases to the assignee. The assignee will receive the difference between the specified percentage and the existing leasehold burdens for each lease, thereby earning royalty payments from multiple sources. 5. Assignments with Varying Interest Percentages: Some assignments may involve assigning overriding royalty interests with different percentages. In such cases, the assignee will receive the difference between each specified percentage and the relevant leasehold burdens. It is important to carefully review and understand the terms of the Nebraska Assignment of Overriding Royalty Interest for Multiple Leases, particularly the "Interest Assigned Is Difference Between Specified Percentage and Existing Leasehold Burdens" clause, to ensure a clear understanding of the assigned royalty interest and any associated burdens. Legal advice is often recommended before entering into such agreements.