This form is used when Assignee has recovered certain costs out of Assignee's share of the proceeds of production of oil and gas from producing wells on the Lease, and Assignee's interest in the Lease is reduced. Assignor will be vested with title to an interest in the Lease, the "Reversionary Interest".
Title: Ohio Notice of Payout by Party Entitled to Diversionary Interest: Explained Description: Ohio Notice of Payout by Party Entitled to Diversionary Interest is a legal document used in Ohio to notify parties involved of a forthcoming payout or distribution made to an individual or entity entitled to diversionary interest. This document serves as an official communication to ensure compliance with legal requirements and protect the rights and interests of all parties involved. Keywords: — Ohio Noticpayoutou— - Party Entitled to Diversionary Interest — OhiDiversionaryry Interest Notice — Ohio Payout Notificatio— - Distribution of Diversionary Interest — Notice of Payout by Party Entitled to Diversionary Interest in Ohio Types of Ohio Notice of Payout by Party Entitled to Diversionary Interest: 1. Standard Ohio Notice of Payout by Party Entitled to Diversionary Interest: This is the most common type, used when a party is entitled to a payout or distribution of diversionary interest according to the terms of an agreement, will, or trust. 2. Ohio Notice of Payout by Party Entitled to Diversionary Interest due to Termination: In cases where a contract or agreement is terminated, this type of notice informs the entitled party about the payout or distribution they are eligible to receive as a result of the termination. 3. Ohio Notice of Payout by Party Entitled to Diversionary Interest upon Death: When an individual passes away and the diversionary interest is triggered, this notice is utilized to notify the party entitled to receive the payout or distribution of their interest. 4. Ohio Notice of Payout by Party Entitled to Diversionary Interest in Real Estate: Specifically used for diversionary interests related to real estate properties in Ohio, this notice informs the party entitled to the diversionary interest about the forthcoming payout or distribution they are eligible to receive. 5. Ohio Notice of Payout by Party Entitled to Diversionary Interest in Oil, Gas, or Mineral Rights: This type of notice applies when diversionary interests are associated with oil, gas, or mineral rights in Ohio. It informs the entitled party about the upcoming payout or distribution they are set to receive. It is crucial to consult with a legal professional or attorney to ensure the accurate preparation and submission of the Ohio Notice of Payout by Party Entitled to Diversionary Interest, as appropriate to the specific circumstances and legal framework governing the situation.Title: Ohio Notice of Payout by Party Entitled to Diversionary Interest: Explained Description: Ohio Notice of Payout by Party Entitled to Diversionary Interest is a legal document used in Ohio to notify parties involved of a forthcoming payout or distribution made to an individual or entity entitled to diversionary interest. This document serves as an official communication to ensure compliance with legal requirements and protect the rights and interests of all parties involved. Keywords: — Ohio Noticpayoutou— - Party Entitled to Diversionary Interest — OhiDiversionaryry Interest Notice — Ohio Payout Notificatio— - Distribution of Diversionary Interest — Notice of Payout by Party Entitled to Diversionary Interest in Ohio Types of Ohio Notice of Payout by Party Entitled to Diversionary Interest: 1. Standard Ohio Notice of Payout by Party Entitled to Diversionary Interest: This is the most common type, used when a party is entitled to a payout or distribution of diversionary interest according to the terms of an agreement, will, or trust. 2. Ohio Notice of Payout by Party Entitled to Diversionary Interest due to Termination: In cases where a contract or agreement is terminated, this type of notice informs the entitled party about the payout or distribution they are eligible to receive as a result of the termination. 3. Ohio Notice of Payout by Party Entitled to Diversionary Interest upon Death: When an individual passes away and the diversionary interest is triggered, this notice is utilized to notify the party entitled to receive the payout or distribution of their interest. 4. Ohio Notice of Payout by Party Entitled to Diversionary Interest in Real Estate: Specifically used for diversionary interests related to real estate properties in Ohio, this notice informs the party entitled to the diversionary interest about the forthcoming payout or distribution they are eligible to receive. 5. Ohio Notice of Payout by Party Entitled to Diversionary Interest in Oil, Gas, or Mineral Rights: This type of notice applies when diversionary interests are associated with oil, gas, or mineral rights in Ohio. It informs the entitled party about the upcoming payout or distribution they are set to receive. It is crucial to consult with a legal professional or attorney to ensure the accurate preparation and submission of the Ohio Notice of Payout by Party Entitled to Diversionary Interest, as appropriate to the specific circumstances and legal framework governing the situation.
