Detailed Statement. All payments of Net Smelter Returns Royalty shall be accompanied by a detailed statement explaining the calculation thereof together with any available settlement sheets receiver by Grantor from the smelter, refiner or other purchaser of Gold or Silver Bullion or Copper or Other Products.
Detailed Statement. All Royalty payments or credits shall be accompanied by a detailed statement explaining the calculation thereof together with any available settlement sheets from the Payor.
Detailed Statement. All payments of Royalty will be accompanied by a detailed statement explaining the calculation thereof together with any available settlement sheets received by Grantor from the smelter, refiner or other purchaser of Gold Bullion or gold and other minerals of any type contained in Other Products.
Detailed Statement. All Royalty payments or credits shall be supported by a detailed statement to be provided at the time of payment (the “Detailed Statement”). The Detailed Statement for the Royalty payment with respect to any calendar quarter (including any In-Kind Quarterly Payment, Cash Quarterly Payment or payment by the Grantor pursuant to Section 1.4) shall set out all details related to the calculation of the Royalty for such calendar quarter, including the determination of Royalty Gold, the Beneficiated Royalty Gold, details of all charges, penalties and costs together with any available settlement sheets from the Payor, the Applicable Spot Gold Price, and all Data (as defined in Section 7.1 below) related to the determination of any of these factors relevant to the calculation of the Royalty.
Detailed Statement. All Royalty payments shall be accompanied by detailed statements explaining the calculation thereof with any available settlement sheets from the Processor, and shall also include the following information: (i) settlement quantities; (ii) the prices used for the calculation of the Royalty; (iii) all Allowable Deductions applied to the Royalty; (iv) any other pertinent information in sufficient detail to explain the calculation of the payment; and (v) such other information as the Holder may reasonably request.
Detailed Statement. All Royalty payments or credits shall be accompanied by a detailed statement explaining the calculation thereof together with any available settlement sheets from the Payor. The Parties recognize that a period of time exists between the production of ore, the production of doré or concentrates from ore, the production of refined or finished product from doré or concentrates, and the receipt of Payor’s statements for refined or finished product. As a result, the payment of Royalty will not coincide exactly with the actual amount of refined or finished product produced from Mines for the previous month. Surgold will provide final reconciliation promptly after settlement is reached with the Payor for all lots sold or subject to other disposition in any particular month. In the event that the Republic of Suriname has been underpaid for any provisional payment (whether in cash or ‘in kind’), Surgold shall pay the difference in cash by check and not ‘in kind’ with such payment being made at the time of the final reconciliation. If the Republic of Suriname has been overpaid in the previous calendar month, the Republic of Suriname shall make a payment to Surgold of the difference by check. Mineral Agreement between The Republic of Suriname and Suriname Gold Company LLC 61 Reconciliation payments shall be made on the same basis as used for the payment in cash pursuant to Article 2.2 hereof.
