Affecting Other Minerals Clause Samples
The "Affecting Other Minerals" clause defines how the rights and obligations established in an agreement regarding one mineral resource may impact or relate to other minerals present on the same property. Typically, this clause clarifies whether the extraction or development of a specified mineral, such as oil, gas, or coal, will interfere with or limit the rights to explore, develop, or extract other minerals found in the same area. For example, it may specify that the development of oil and gas does not restrict the mining of hard minerals, provided that such activities do not unreasonably interfere with each other. The core function of this clause is to prevent conflicts and ensure clear allocation of rights among parties with interests in different minerals, thereby reducing the risk of disputes over overlapping mineral rights.
Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to hedging transactions by Operator shall be determined in the same manner as provided in Section 4.2, with the understanding that the average monthly spot price shall be for the calendar month during which Other Minerals subject to hedging transactions are delivered to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
Affecting Other Minerals. The amount of Production Royalty payments on all Other Minerals subject to hedging transactions by Grantor shall be determined in the same manner as provided in Sections 2 and 3(b), with the understanding that the average monthly spot price shall be for the calendar month preceding the Delivery Month for such Other Minerals.
Affecting Other Minerals. The amount of Production Royalty to be paid on all Other Minerals subject to hedging transactions by SEABRIDGE shall be determined in the same manner as provided in section 9(b), with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Other Minerals subject to hedging transactions are shipped by SEABRIDGE to the Payor.
Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to Hedging Transactions by LESSEE shall be determined in the same manner as provided in Subsection 1.4, with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Other Minerals subject to Hedging Transactions are shipped by LESSEE to the Payor.