Assignment of Overriding Royalty Interest Clause Samples
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Assignment of Overriding Royalty Interest. Except as otherwise expressly provided in paragraphs 9.4.8 and 9.4.9, Employee shall not be entitled to obtain recordable assignments of his interest under this paragraph 9 until his completion of three years of employment by Company and, except as otherwise expressly provided herein, Employee shall forfeit ownership of such interest if Employee's employment is terminated by Company pursuant to paragraph 3.5 or by Employee without Good Reason as defined in paragraph 3.9, prior to the completion of such three years of employment. Upon completion of three years of employment of Employee by Company, Employee's ownership of interests theretofore or thereafter transferred to him pursuant to this Agreement will no longer be subject to forfeiture, and assignments will be made in accordance with this paragraph 9.
Assignment of Overriding Royalty Interest. STATE OF OKLAHOMA § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF OKFUSKEE § That CE Operating, LLC having a mailing address at 1▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (hereinafter “Assignor”), for and in consideration of one dollar ($1.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, does hereby assign, transfer, sell and convey unto Camber Royalties, LLC having a mailing address at 1▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (hereinafter “Assignee”) an Overriding Royalty Interest equal to three percent of eight-eights (the “Overriding Royalty Interest”) in and to those Oil and Gas Leases and Orders which cover the lands and w▇▇▇▇ described on Exhibit “A-1” and Exhibit “B” in Lincoln County, State of Oklahoma. The Overriding Royalty Interest assigned herein applies to all oil, gas, casinghead gas or other hydrocarbon substances which may be produced, saved and marketed from the lands under the terms of the Oil and Gas Leases described on Exhibit “A-1” or the w▇▇▇▇ described on Exhibit “B”, if, as and when produced, saved, sold and marketed, but not otherwise, insofar and only insofar as the Oil and Gas Leases cover the lands specifically described on Exhibit “A-1” and the w▇▇▇▇ on Exhibit “B”, and subject to the provisions and conditions herein set forth. The Overriding Royalty Interest herein shall bear all costs borne under the oil and gas leases constituting the Oil and Gas Leases described on Exhibit “A-1”, including without limitation, taxes and treating, transportation, and marketing costs of the minerals produced thereunder and pay currently its proportionate share of gross production, severance, pipeline taxes and other taxes which may be assessed or levied against said Overriding Royalty Interest or the production attributable thereto. The Overriding Royalty Interest assigned herein shall not impose upon Assignor herein, or Assignor’s successors and assigns, any duty or obligation to develop or operate the lands covered by the Oil and Gas Leases which cover the lands described on Exhibit “A-1” for oil, gas or other hydrocarbons other than as required by the provisions of the Oil and Gas Leases, nor to maintain the Oil and Gas Leases in effect by the payment of delay rentals. In the event the Oil and Gas Leases cover less than the entire interest in the oil, gas and other hydrocarbons in the lands covered thereby, the Overriding Royalty Interest assigned herein sh...
Assignment of Overriding Royalty Interest. Notice of Confidentiality Rights: If you are a natural person, you may remove or strike any of the following information from this instrument before it is filed for record in the public records: your social security number or your driver’s license number.
Assignment of Overriding Royalty Interest. This Assignment of Overriding Royalty Interest (“Assignment”), dated effective 7:00 a.m. on April 20, 2006, is from PIONEER NATURAL RESOURCES USA, INC., a Delaware corporation, whose address is ▇▇▇▇ ▇▇▇▇▇ ▇’▇▇▇▇▇▇ ▇▇▇▇., Suite 200, Irving, Texas 75039 (“Assignor”), to MESA OFFSHORE ROYALTY PARTNERSHIP, a Texas general partnership, whose address is ▇▇▇▇ ▇. ▇’▇▇▇▇▇▇ Blvd., Suite 200, Irving, Texas 75039-3746 (“Assignee”). Assignor and Assignee are sometimes collectively referred to herein as the “Parties” and individually as a “Party.”
Assignment of Overriding Royalty Interest. Notwithstanding anything stated in this Agreement and Assignment to the contrary, and notwithstanding whether any portion of the NPI is (or is deemed to have been) retained by Assignee under Article I (it being understood, however, that any retained or reserved interest of any part of the NPI is intended only to be a part of, and not in addition to, the ORRI granted herein below), immediately following the assignment of the Re-Conveyed Interests by NOG Royalty under Section 1.1 above but effective as of the Effective Time, Assignor hereby transfers, grants, assigns and conveys to Assignee an overriding royalty interest in and to each of the Leases equal to an undivided four percent of eight-eighths (4% of 8/8ths) (not proportionately reduced) in all Hydrocarbons in, under and that may be produced, saved and sold from or attributable to the Leases (the “ORRI”). The ORRI shall be free of all costs of ownership and operation of the Leases (and of any ▇▇▇▇▇, facilities, fixtures, property or equipment thereon or allocable thereto), and also free of all costs of exploring, operating, developing, producing, treating, compressing, processing, gathering, transporting and marketing the Hydrocarbons produced, saved and sold from or attributable to the Leases, except that the ORRI shall bear its proportionate share of all severance, production, windfall profits and other taxes chargeable against Hydrocarbons produced, saved and sold attributable to the Leases, and except as specified above regarding the cost-free nature of the ORRI and the quantum of non-proportionately reduced interest specified above, the ORRI shall otherwise be calculated and paid in the same manner as the royalty of the Lessor under the Leases, except as provided in subpart (a) below. TO HAVE AND TO HOLD the ORRI, together with all and singular the rights, privileges and appurtenances in anywise belonging thereto, unto Assignee, its successors and assigns, forever. It is understood and agreed that notwithstanding anything contained in this Agreement and Assignment or any of the Leases,
(a) the ORRI shall be payable from and after the Effective Time, and even if royalty is not being paid to the Lessor under the Lease due to any provisions of the Lease relating to royalty relief, and the ORRI shall not be subject to any reductions as a result of royalty relief as afforded by the Leases;
(b) Assignee shall receive the ORRI only out of the Hydrocarbons, if, as and when produced, saved and marketed fr...
Assignment of Overriding Royalty Interest. Dated: April 19, 2000, but effective August 1, 1999 Filed: May 1, 2000 Recorded: Book 527, Page 580 Assignor(s): Ladder Energy Company Assignee(s): Jerry Downey and Karen Downey, husband and wife, joint tenants Interest Assigned: All of Assignor’s overriding royalty interest in and to the wells and leasehold set forth below:
Assignment of Overriding Royalty Interest. August 1, 1997, from Falcon South Power, Inc. (as assignor) to Zilkha Energy Company (assignee), which (a) assigned assignee the 14% of 6/6ths overriding royalty interest created under the ST 30 RT Assignment, but only with respect to depths below 4,000’ TVD, and (b) provided that the assigned 14% of 6/6ths overriding royalty interest would merge with and cease to be a burden on the Deep Operating Rights being acquired by assignee effective August 2, 1997 under the ST 30 OR Assignment (defined below).
Assignment of Overriding Royalty Interest. USO may at any time assign or convey all or a part of any Overriding Royalty Interest, or a right to the future receipt of such Overriding Royalty Interest, it may receive or become entitled to receive in and under the Letter Agreement and/or this Farmout Agreement.
Assignment of Overriding Royalty Interest. STATE OF TEXAS § § COUNTY OF ▇▇▇▇▇▇▇ § KNOW ALL MEN BY THESE PRESENTS: That the undersigned STARBOARD RESOURCES, INC., a Delaware corporation, whose address is ▇▇▇ ▇. ▇▇▇▇▇▇▇▇ ▇▇▇▇., ▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇ (hereinafter referred to as “Assignor”), for and in consideration of the sum of the Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby confessed and acknowledged does hereby convey, transfer, assign and set over unto SOSVENTURES, LLC, a Delaware limited liability company, whose address is ▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇, Cork, Ireland (hereinafter referred to as “Assignee”), an overriding royalty interest, free and clear of all cost and expense of development and operation, in the amount of one percent (1.00%) of all oil, gas casinghead gas, and other hydrocarbon substances produced, saved and marketed from the following described land pursuant to those certain oil and gas leases, whether one or more, described on Exhibit “A” attached hereto and made a part hereof, and situated in the aforesaid County and State. TO HAVE AND TO HOLD the interest herein transferred and assigned unto Assignee, its successors and assigns, forever, subject only to the following terms and provisions:
Assignment of Overriding Royalty Interest. This Third Correction Assignment of Overriding Royalty Interest (“