Definition of Net Smelter Returns. During the term of this Lease, Lessee shall pay to Lessor, as a land owner's Production Royalty, a percentage of the Net Smelter Returns (as defined below) from the sale of any Valuable Minerals, Ore, and Product mined and sold from the Property. "Net Smelter Returns" are defined as the gross revenues actually received by Lessee from the sales of any Valuable Minerals extracted and produced from the Property less the following charges:
Definition of Net Smelter Returns. 1. For the purposes of this Agreement, the term "
Definition of Net Smelter Returns. Miranda or Golden Aria, as the case may be, shall pay to Miranda or Golden Aria, as the case may be, a non-Participating Net Smelter Return royalty of one (1.0%) percent of the Net Smelter Returns of Products produced from the Properties under the circumstances provided in Section 6.3(c) of this Agreement. For purposes herein, Net Smelter Returns shall be defined to mean the entire proceeds received from a smelter, reduction works, refinery or other purchaser from the sale of products produced from the Property, less:
Definition of Net Smelter Returns. The term ‘net smelter returns’ shall mean the gross value of all ores or concentrates shipped to a smelter or other processor (as reported on the smelter settlement sheet), less the following expenses actually incurred and borne by PMC:
Definition of Net Smelter Returns. Net Smelter Returns" are defined as the Gross Revenues received (as defined below) by the Payor from the sales of any ores, mineral resources or mineral products ("Products") extracted and produced from the Property, less (i) all costs to the Payor of weighing, sampling, determining moisture content and packaging such material and of loading and transporting it to the point of sale, including insurance and in-transit security costs; (ii) all smelter costs and all charges and penalties imposed by the smelter, refinery or purchaser; and (iii) ad valorem taxes, severance taxes and governmental royalties and any other taxes, charges or assessments as are imposed upon the production except for applicable income taxes. Gross Revenues shall be defined as the greater of: - the actual gross revenues received by the Payor from the sales of the Products, or - gross revenues from the sales of the Products based on the price attributed to the Products so sold shall the the price per ounce/ pound/tonne of Product as quoted on the London P.M. fix, the relevant London Metal Exchange official statement quotation, or, if necessary, such other internationally recognized exchange, averaged over the calendar quarter prior to the date of final settlement from the smelter, refinery or other buyer of the Products on which the Royalty is to be paid (the "Quoted Price"). For the purposes of calculating Net Smelter Returns in the event the Payor elects not to sell any portion of any Products extracted and produced from the porphyry portion of the Property but instead elects to have any such Products credited to or held for its account with any smelter, refiner or broker, such Products shall be deemed to have been sold at the Quoted Price on the day such Products are actually credited to or placed in the Payor's account.
Definition of Net Smelter Returns. During the term of this Agreement, Maneki shall pay to Ammetco, as a landowner’s Production Royalty, a percentage of the Net Smelter Returns (as defined below) from the sale of any Valuable Minerals, Ore, and Product mined and sold from the Property. “Net Smelter Returns” are defined as the gross revenues actually received by Maneki from the sales of any Valuable Minerals extracted and produced from the Property less the following charges:
Definition of Net Smelter Returns
