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 ).
New Hampshire Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form: A Comprehensive Overview In the state of New Hampshire, the Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a legal document that outlines the transfer and allocation of overriding royalty interests (Ores) pertaining to multiple leases within the state. This form provides a detailed and comprehensive framework for parties involved in the assignment process, ensuring clarity and transparency in royalty interest transfers. Keywords: 1. New Hampshire: This form specifically pertains to the jurisdiction of the state of New Hampshire, indicating its applicability within the legal context of the state's laws and regulations. 2. Assignment: The act of transferring one party's rights, interests, or obligations to another party. 3. Overriding Royalty Interest (ORR): A type of royalty interest that allows the holder to receive a portion of the revenue generated from the production or extraction of minerals, oil, or gas on a property. 4. Multiple Leases: Refers to the involvement of multiple lease agreements between landowners (lessors) and companies or individuals (lessees) that grant the right to explore, extract, or produce minerals, oil, or gas. 5. No Proportionate Reduction: Specifies that the assignment of overriding royalty interests does not lead to a proportional reduction in the interest percentages associated with each lease, maintaining their integrity. Types of New Hampshire Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form: 1. Oil and Gas Leases— - This type of long-form assignment focuses specifically on the assignment of Ores related to oil and gas leases in New Hampshire. — Covers various aspects, including the determination of ORR percentages, lease terms, and other relevant stipulations specific to the oil and gas industry. 2. Mineral Leases: — This long-form assignment caters to the transfer and allocation of Ores specifically related to mineral leases in New Hampshire. — Addresses key considerations, such as mineral extraction rights, royalty rates, and other provisions pertaining to mineral resources. 3. Combined Leases: — This type of long-form assignment encompasses the assignment of Ores relevant to multiple leases involving both oil and gas as well as mineral resources. — Offers a comprehensive approach to address the complexities arising from varying lease types, ensuring a comprehensive and accurate assignment process. Overall, the New Hampshire Assignment of Overriding Royalty Interest for Multiple Leases with No Proportionate Reduction — Long Form is a crucial legal document that safeguards the rights and interests of parties involved in the transfer of overriding royalty interests across multiple leases in the state. It guarantees clarity, fairness, and adherence to the specific regulations and requirements set forth by New Hampshire's legal framework.
