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 ).
Colorado Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that serves as a means of transferring the rights to receive royalty payments from multiple lease agreements in Colorado. This assignment allows the assignor to transfer their overriding royalty interest (ORRIS) without any reduction in proportion, ensuring the assignee receives the full benefits associated with the ORRIS. Keywords: Colorado, Assignment of Overriding Royalty Interest, Multiple Leases, No Proportionate Reduction, Long Form. Types of Colorado Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form: 1. Individual Lease Assignments: This type of assignment involves the transfer of overriding royalty interest from a single lease agreement to a new assignee without any reduction in proportion. 2. Multiple Lease Consolidation Assignments: In this scenario, the assignor consolidates the overriding royalty interests from multiple lease agreements into a single assignment document, allowing for easier management and transfer of these interests. 3. Partial Assignment with No Proportionate Reduction: This type of assignment involves transferring a portion of the overriding royalty interest without any reduction in proportion. It often occurs when the assignor wishes to diversify their ownership or raise capital by selling a fraction of their ORRIS. 4. Assignment of Overriding Royalty Interest in Conjunction with Additional Rights: Sometimes, an assignment may include the transfer of additional rights or benefits along with the overriding royalty interest, such as surface use rights, access agreements, or future development rights. Overall, the Colorado Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a comprehensive legal document that facilitates the transfer of overriding royalty interests from multiple lease agreements in Colorado, ensuring the assignee receives the full benefits associated with these interests.
