Production Royalty means the royalty payable on the Subject Minerals calculated as set forth in Section 2 below.
Production Royalty has the meaning given to such term in Schedule “B”; and
Production Royalty means the payments provided for in Section 4.02.
Examples of Production Royalty in a sentence
Upon the exercise of the Option, the Optionee will grant to the Optionors, and the Optionors will retain, the Production Royalty, which grant shall be on the terms in Schedule B.
Upon such purchase and payment being made, the Production Royalty shall thereafter be calculated as being reduced to one point zero percent (1.0%) of Optionor’s Net Smelter Returns.
The Optionee or its assigns shall have the right at any time to purchase from Optionors zero point five percent (0.5%) of the Production Royalty by way of a one-time payment to the Optionors of the sum of $500,000.00 in Canadian funds.
More Definitions of Production Royalty
Production Royalty means the payments required to be paid pursuant to Article 7;
Production Royalty means the "Production Royalty" payable ------------------ pursuant to and in accordance with the Royalty Deeds.
Production Royalty means the production royalty of three percent (3%) of the Net Smelter Returns from the production of minerals from the Unpatented Mining Claims as they exist at the execution date of this Agreement and a production royalty of one percent (1 %) of the Net Smelter Returns from the production of minerals from the Area of Interest. Stone agrees to grant a Production Royalty in writing to the Vendor in the lands and interests acquired by Stone in the Area of Interest; and
Production Royalty refers to the royalty payable by Lessee to Lessor subsequent to the expiration of the Primary Term for Salt Shipped or on the Minimum Tons of Salt to be Shipped.
Production Royalty means the payments required to be paid pursuant to section 12 of this Agreement;
Production Royalty means the royalty provided for in Section 4.02.
Production Royalty means Three Percent (3%) of Net Smelter Returns from the sale of Products from the Property, calculated in accordance with the provisions of this Schedule. “Net Smelter Returns” means all monies realized and actually received by Lessee on the sale of any Ores or Products mined or extracted from the Property as primarily evidenced by its returns or settlement sheets, including any premiums, bonuses, and subsidies, less, if any such Ores or Products require smelting or other processing, all commercially reasonable amounts actually paid on account of: