Divided Royalties Clause Samples

Divided Royalties. If ownership of royalties or other payments becomes divided, or in the event of assignment of this Lease as to a segregated portion or portions of the Leased Interests, all royalties payable hereunder shall be apportioned among the several owners by written agreement delivered to Lessee with the other documentation referenced above. In the absence of such written division agreement, payments to the original Lessor will satisfy all obligations of Lessee.