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".
Orange California Notice of Payout by Party Entitled to Diversionary Interest refers to a legal document that serves as a formal notice regarding the distribution of funds or assets to a party who holds a diversionary interest in a property or estate located in Orange, California. This notice indicates that the entitled party will be receiving a payout as outlined in the terms and conditions of the original agreement or contract. Keywords: Orange California, Notice of Payout, Party Entitled, Diversionary Interest, legal document, funds, assets, property, estate, terms and conditions. Different types of Orange California Notice of Payout by Party Entitled to Diversionary Interest may include: 1. Real Estate Diversionary Interest Notice: This type of notice pertains to diversionary interests in real estate properties located in Orange, California. It outlines the distribution of funds or assets derived from the sale or transfer of the property. 2. Trust Diversionary Interest Notice: This notice is specific to diversionary interests held within a trust agreement involving assets located in Orange, California. It informs the entitled party about the payout or distribution of funds or assets from the trust. 3. Mineral Rights Diversionary Interest Notice: This type of notice is relevant to diversionary interests related to mineral rights in Orange, California. It signifies the payout or distribution of funds derived from the extraction or exploitation of minerals on a specific property. 4. Intellectual Property Diversionary Interest Notice: This notice concerns diversionary interests in intellectual property, such as patents, trademarks, or copyrights, located in Orange, California. It specifies the payout or distribution of funds resulting from the commercialization or licensing of the intellectual property. 5. Estate Diversionary Interest Notice: This notice involves diversionary interests within an estate located in Orange, California. It outlines the payout or distribution of funds or assets derived from the settlement of an estate or inheritance. These various types of Orange California Notice of Payout by Party Entitled to Diversionary Interest highlight different scenarios where parties with diversionary interests are entitled to receive a payout or distribution of funds or assets in accordance with legal agreements or contracts.Orange California Notice of Payout by Party Entitled to Diversionary Interest refers to a legal document that serves as a formal notice regarding the distribution of funds or assets to a party who holds a diversionary interest in a property or estate located in Orange, California. This notice indicates that the entitled party will be receiving a payout as outlined in the terms and conditions of the original agreement or contract. Keywords: Orange California, Notice of Payout, Party Entitled, Diversionary Interest, legal document, funds, assets, property, estate, terms and conditions. Different types of Orange California Notice of Payout by Party Entitled to Diversionary Interest may include: 1. Real Estate Diversionary Interest Notice: This type of notice pertains to diversionary interests in real estate properties located in Orange, California. It outlines the distribution of funds or assets derived from the sale or transfer of the property. 2. Trust Diversionary Interest Notice: This notice is specific to diversionary interests held within a trust agreement involving assets located in Orange, California. It informs the entitled party about the payout or distribution of funds or assets from the trust. 3. Mineral Rights Diversionary Interest Notice: This type of notice is relevant to diversionary interests related to mineral rights in Orange, California. It signifies the payout or distribution of funds derived from the extraction or exploitation of minerals on a specific property. 4. Intellectual Property Diversionary Interest Notice: This notice concerns diversionary interests in intellectual property, such as patents, trademarks, or copyrights, located in Orange, California. It specifies the payout or distribution of funds resulting from the commercialization or licensing of the intellectual property. 5. Estate Diversionary Interest Notice: This notice involves diversionary interests within an estate located in Orange, California. It outlines the payout or distribution of funds or assets derived from the settlement of an estate or inheritance. These various types of Orange California Notice of Payout by Party Entitled to Diversionary Interest highlight different scenarios where parties with diversionary interests are entitled to receive a payout or distribution of funds or assets in accordance with legal agreements or contracts.
