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 ).
North Carolina Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that specifically addresses the assignment of overriding royalty interests associated with multiple leases in North Carolina. This document ensures that the assignment is made without any proportionate reduction in the royalty interest. Keywords: North Carolina, assignment, overriding royalty interest, multiple leases, no proportionate reduction, long form Different Types of North Carolina Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form may include: 1. Individual Assignment: This type of assignment focuses on the transfer of overriding royalty interests in a single lease or multiple leases tied to a single lease operator. 2. Corporate Assignment: This form of assignment involves transferring overriding royalty interests associated with multiple leases owned or operated by a corporation or company. 3. Trust Assignment: Trusts may utilize this assignment to transfer overriding royalty interests within the trust's portfolio of North Carolina leases. 4. Partnership Assignment: Partnerships can employ this type of assignment to transfer overriding royalty interests in multiple leases collectively held by the partnership. 5. Working Interest Assignment: This assignment specifically addresses the transfer of overriding royalty interests tied to working interests within multiple leases in North Carolina. 6. Oil and Gas Assignment: This document variant is tailored towards the transfer of overriding royalty interests specifically related to oil and gas leases in North Carolina. Each of these assignment types serves a specific purpose and aligns with particular scenarios or legal requirements related to North Carolina's overriding royalty interests in the context of multiple leases with no proportionate reduction.
