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 ).
The Indiana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer of overriding royalty interests (ORI's) associated with multiple leases in Indiana. This document is used when the assignor wishes to assign ORI's from multiple leases, without any reduction in proportionate value. The assignment is made to the assignee, who will now be entitled to the same ORI's as the assignor once the document is executed. Keywords: Indiana, Assignment, Overriding Royalty Interest, Multiple Leases, No Proportionate Reduction, Long Form, Transfer, Assignor, Assignee, Document Execution. Different Types of Indiana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form: 1. Individual Assignment: This type of assignment involves a single assignor transferring their overriding royalty interests from multiple leases to a single assignee, without reducing the proportionate value. 2. Corporate Assignment: In this scenario, a corporation or company acts as the assignor, transferring ORI's associated with multiple leases to another corporation or entity. The document outlines the details and conditions of the transfer without any proportionate reduction. 3. Trust Assignment: This type of assignment involves a trust or similar entity acting as the assignor, transferring ORI's from multiple leases to a beneficiary or another trust. The document specifies the terms and conditions, ensuring no reduction in proportionate value. 4. Partnership Assignment: In a partnership assignment, multiple partners collectively assign their respective overriding royalty interests from multiple leases to an assignee, typically another partner or a third party. The long form document clearly outlines the transfer without any proportionate reduction. 5. Conveyance Assignment: This type of assignment is utilized when the assignor wishes to transfer ORI's associated with multiple leases from their name to the assignee's name, without proportionate reduction. It could involve an individual, corporation, trust, or partnership as either the assignor or assignee. 6. Multi-State Assignment: This variation of the Indiana Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is usewhetherRsisIs being assigned involve leases located in multiple states. The document ensures that the transfer is conducted without any reduction in proportionate value across all leases. It is crucial to consult with legal professionals familiar with Indiana state laws and regulations when drafting or executing an Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form to ensure compliance and accuracy.
