term overriding royalty
term overriding royalty
Under Title 11 U.S.C. Section 101:
(56A) The term "term overriding royalty" means an interest in liquid or gaseous hydrocarbons in place or to be produced from particular real property that entitles the owner thereof to a share of production, or the value thereof, for a term limited by time, quantity, or value realized.

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Look at other dictionaries:

  • production payment — Under Title 11 U.S.C. Section 101: (42A) The term production payment means a term overriding royalty satisfiable in cash or in kind (A) contingent on the production of a liquid or gaseous hydrocarbon from particular real property; and (B) from a… …   Glossary of Bankruptcy

  • Oil and gas law in the United States — is the branch of law that pertains to the acquisition and ownership rights in oil and gas both under the soil before discovery and after its capture, and adjudication regarding those rights. Drilling companies most often lease the rights to drill …   Wikipedia

  • Dabney Oil Syndicate — The Dabney Oil Syndicate refers to a number of petroleum drilling enterprises in California involving Joseph B. Dabney and his associates. Joseph Benjamin Dabney, born 1858 in Madison County, Iowa, was in California at the turn of the 20th… …   Wikipedia

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • James A. Noe — Infobox Governor name= James A. Noe small order= 43rd office= Governor of Louisiana term start= January 28, 1936 term end= May 12, 1936 lieutenant= None predecessor= Oscar K. Allen successor= Richard W. Leche birth date= birth… …   Wikipedia

  • India — /in dee euh/, n. 1. Hindi, Bharat. a republic in S Asia: a union comprising 25 states and 7 union territories; formerly a British colony; gained independence Aug. 15, 1947; became a republic within the Commonwealth of Nations Jan. 26, 1950.… …   Universalium

  • United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …   Universalium

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

  • France — /frans, frahns/; Fr. /frddahonns/, n. 1. Anatole /ann nann tawl /, (Jacques Anatole Thibault), 1844 1924, French novelist and essayist: Nobel prize 1921. 2. a republic in W Europe. 58,470,421; 212,736 sq. mi. (550,985 sq. km). Cap.: Paris. 3.… …   Universalium

  • override — over·ride 1 /ˌō vər rīd/ vt rode / rōd/, rid·den, / rid ən/, rid·ing 1: to prevail or take precedence over if, as is often the case, federal constitutional principles override state statutory or common law H. P. Wilkins 2 …   Law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”