Assignment of Overriding Royalty Interest definition

Assignment of Overriding Royalty Interest means the Assignment of Royalty Interest, delivered to be effective as of January 1, 2011, by and between ▇▇▇▇▇▇▇▇▇ Sub and the Trust.
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Assignment of Overriding Royalty Interest means that certain Assignment of Overriding Royalty Interest in the form attached hereto as Exhibit H.
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Assignment of Overriding Royalty Interest means an assignment in the form of Exhibit F pursuant to which Borrower conveys to Lender an ORRI from time to time.
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Examples of Assignment of Overriding Royalty Interest in a sentence

  • Whenever the Investment Percentage is adjusted, El Paso and Ramshorn shall execute an Amendment to Assignment of Overriding Royalty Interest substantially in the form attached hereto as Exhibit "G-1" (for recordation in Texas) and "G-2" (for recordation in Louisiana).

  • El Paso represents and warrants that at the time any Investment Invoice is submitted to Ramshorn for payment, and at the time the related Assignment of Overriding Royalty Interest is filed of record in the appropriate jurisdiction, the Subject Leases to which such invoice relates (to the extent such leases contribute acreage for the Subject Well(s) to be drilled thereon) shall be free and clear of any Encumbrances except Permitted Encumbrances.

  • Seller hereby excepts and excludes from the Property, and reserves unto itself, the overriding royalty interest in and to the Leases owned by Seller and created under the terms of that certain Assignment of Overriding Royalty Interest effective October 1, 2009 from Cubic Energy, Inc.

  • Said Assignment of Overriding Royalty Interest has not yet been recorded, but Seller hereby agrees to promptly record said assignment and furnish a copy of recorded said assignment to Participant.

  • Any time any Borrower obtains any new Property following Closing using any Loan proceeds hereunder, Borrower agrees to promptly execute and deliver to Lender a Mortgage and any other Security Documents described in this Section 6.1 to grant Lender a first priority lien in such Property, and further agrees to promptly execute and deliver an Assignment of Overriding Royalty Interest as required under Section 8.4. Perfection and Protection of Security Interests and Liens.

  • GREEN CANYON- 300 ▇▇▇▇▇ Offshore, L.P. Assignment of Overriding Royalty Interest effective January 30, 2006.

  • The purchase price for the Cubic Common Stock and the Cubic Preferred Stock shall be payable by Langtry to Cubic by Langtry assigning and conveying the Subject Override to Cubic pursuant to the form of Assignment of Overriding Royalty Interest attached hereto as Exhibit “B”.

  • The documents to be executed and delivered by Sellers to Buyer, transferring title to the Assets as required hereby, including the Mineral Deed and Assignment of Overriding Royalty Interest attached hereto as Exhibit C (the “Deed”), shall be subject to the Permitted Encumbrances and without warranty of title of any kind whatsoever, express, implied or statutory, except for matters arising by, through or under Sellers.

  • The term “Subject Override” means an overriding royalty interest in and to all of Cubic’s interest in the Deep Rights in each of the Subject Leases equal to 95.24% of the positive difference, if any, between the Net Revenue Interest in such Subject Leases and a 75% Net Revenue Interest (out of 8/8ths), proportionately reduced, as more particularly described and set out in the form of Assignment of Overriding Royalty Interest attached hereto as Exhibit B (the “Override Conveyance”).

  • Seller shall execute and deliver at Closing to Purchaser: (1) an Assignment of Record Title Interest and ▇▇▇▇ of Sale for the ▇▇▇▇▇▇ Island 45 Field Property; (2) an Assignment of Overriding Royalty Interest; and (3 )an Assignment of Operating Rights.


More Definitions of Assignment of Overriding Royalty Interest

Assignment of Overriding Royalty Interest means those certain Assignments of Overriding Royalty Interest, filed in the non-required filings of the Bureau of Ocean Energy Management of the United States Department of the Interior, Gulf of Mexico OCS Region, on October 12, 2018, effective as of June 5, 2017, as amended by the Amendments to Assignment of Overriding Royalty Interest executed on October 14, 2020, effective as of June 5, 2017, under which ▇▇▇▇▇▇▇▇▇ assigned to Gideon ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇, then assigned by ▇▇. ▇▇▇▇▇ to Nechanka Investments 2001 Ltd., ▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, and Jochanan ▇▇’akov ▇▇▇▇ a collective overriding royalty interest equal to 6% of 8/8 of Mortgagor’s “Net Revenue Interest” in and to the Hydrocarbon Interests, held by the assignees in the percentages set forth in the Amendments, the initial Assignment being recorded: as to Lease OCS-G 25806 (i) on October 15, 2018, under Entry No. 2018008083 of the Conveyance Records of Vermilion Parish, Louisiana; (ii) on October 15, 2018, in Book 1654, at Page 795, File No. 2018-00009442 of the Conveyance Records of Iberia Parish, Louisiana; and (iii) on October 15, 2018, in Book 376, Page 754, File No. 331294 of the Conveyance Records of St. ▇▇▇▇ ▇▇▇▇▇▇, Louisiana; and as to Lease OCS-G 25814: (i) on October 15, 2018, under Entry No. 2018008087 of the Conveyance Records of Vermilion Parish, Louisiana; (ii) on October 15, 2018, in Book 1654, Page 805, File No. 201800009444 of the Conveyance Records of Iberia Parish, Louisiana; and (iii) on October 15, 2018, in Book 376, Page 764, File No. 331296 of the Conveyance Records of St. ▇▇▇▇ ▇▇▇▇▇▇, Louisiana.
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Assignment of Overriding Royalty Interest has the meaning set forth in 4.1(a)(vi).
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Assignment of Overriding Royalty Interest. Dated: February 7, 2001 Filed: February 11, 2001 Recorded: Book 533, Page 493 Assignor(s): Ladder Energy Company Assignee(s): Jerry D. Downey and Karen S. 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:
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Related to Assignment of Overriding Royalty Interest

  • Overriding Royalty Interest means an interest in the natural gas and oil produced under a Lease, or the proceeds from the sale thereof, carved out of the Working Interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Royalty Interest is defined in Section 1.01.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.