This form is used when, as a result of continuous production from the Lease and Lands, payout, as defined in an Assignment, has occurred, and Declarant is entitled to elect to convert the Override to a Working Interest, as provided for in the Assignment.
Rhode Island Declaration of Election to Convert Overriding Royalty Interest to Working Interest is a legal document that allows a party to convert their overriding royalty interest (ORRIS) into a working interest in Rhode Island. This declaration signifies the intent and agreement between the parties involved to change the nature of their interest in a particular oil and gas lease or property. Keywords: Rhode Island, Declaration of Election, Convert, Overriding Royalty Interest, Working Interest, legal document, intent, agreement, oil and gas lease, property. There are no specific types or variations of the Rhode Island Declaration of Election to Convert Overriding Royalty Interest to Working Interest mentioned. However, the content and terms of the declaration may differ depending on the specific circumstances, parties involved, and the oil and gas lease or property in question. It is crucial to consult with legal professionals or experts in Rhode Island law to ensure accurate completion of this document.Rhode Island Declaration of Election to Convert Overriding Royalty Interest to Working Interest is a legal document that allows a party to convert their overriding royalty interest (ORRIS) into a working interest in Rhode Island. This declaration signifies the intent and agreement between the parties involved to change the nature of their interest in a particular oil and gas lease or property. Keywords: Rhode Island, Declaration of Election, Convert, Overriding Royalty Interest, Working Interest, legal document, intent, agreement, oil and gas lease, property. There are no specific types or variations of the Rhode Island Declaration of Election to Convert Overriding Royalty Interest to Working Interest mentioned. However, the content and terms of the declaration may differ depending on the specific circumstances, parties involved, and the oil and gas lease or property in question. It is crucial to consult with legal professionals or experts in Rhode Island law to ensure accurate completion of this document.
