This form is used when an Assignor transfers, assigns, and conveys to Assignee an overriding royalty interest in the Leases and all oil, gas, and other minerals produced, saved, and marketed from the Lands and Leases equal to a percentage of 8/8 (the Override ).
Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of a royalty interest from one party (the assignor) to another party (the assignee) in relation to multiple leases in the state of New York. This long form version provides a detailed description of the assignment process and ensures that no proportionate reduction is made to the assigned royalty interest. In this assignment agreement, the assignor transfers their overriding royalty interest rights, which are derived from multiple leases, to the assignee. These leases could pertain to various types of assets, such as oil, gas, or mineral resources. It is essential to use this long form agreement when dealing with multiple leases to provide comprehensive details and prevent any confusion or disputes in the future. The Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form outlines key elements such as the effective date of the assignment, the parties involved, the overriding royalty interest percentage being transferred, and the specific leases to which this agreement applies. Additionally, this agreement may contain provisions related to payment obligations, including how and when the assignee will receive their royalty payments from the assets covered in the assignment. It may also address any potential restrictions or limitations on the assignee's rights to assign or convey the royalty interest further. Different variations of the Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may exist depending on the specific industry, assets involved, or additional clauses included. Some variations may include specific provisions related to taxation, warranties, representations, or indemnification. It is crucial to consult legal professionals familiar with New York laws and the specific industry in question when drafting or reviewing this type of assignment agreement. This ensures compliance with relevant regulations and protection of the parties' rights and interests. Overall, the Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a comprehensive legal document that facilitates the transfer of royalty interests from one party to another while maintaining the integrity of the assigned percentage across multiple leases.Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of a royalty interest from one party (the assignor) to another party (the assignee) in relation to multiple leases in the state of New York. This long form version provides a detailed description of the assignment process and ensures that no proportionate reduction is made to the assigned royalty interest. In this assignment agreement, the assignor transfers their overriding royalty interest rights, which are derived from multiple leases, to the assignee. These leases could pertain to various types of assets, such as oil, gas, or mineral resources. It is essential to use this long form agreement when dealing with multiple leases to provide comprehensive details and prevent any confusion or disputes in the future. The Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form outlines key elements such as the effective date of the assignment, the parties involved, the overriding royalty interest percentage being transferred, and the specific leases to which this agreement applies. Additionally, this agreement may contain provisions related to payment obligations, including how and when the assignee will receive their royalty payments from the assets covered in the assignment. It may also address any potential restrictions or limitations on the assignee's rights to assign or convey the royalty interest further. Different variations of the Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may exist depending on the specific industry, assets involved, or additional clauses included. Some variations may include specific provisions related to taxation, warranties, representations, or indemnification. It is crucial to consult legal professionals familiar with New York laws and the specific industry in question when drafting or reviewing this type of assignment agreement. This ensures compliance with relevant regulations and protection of the parties' rights and interests. Overall, the Kings New York Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a comprehensive legal document that facilitates the transfer of royalty interests from one party to another while maintaining the integrity of the assigned percentage across multiple leases.
