Common use of Detailed Statement Clause in Contracts

Detailed Statement. All Royalty payments shall be accompanied by detailed statements (including metals return statements, Processor preliminary/provisional reports and Processor final reports as soon as available) explaining the calculation thereof with any available settlement sheets from the Processor, and shall also include the following information: (i) settlement ounces, pounds or other quantities; (ii) the prices used for the calculation of the Royalty; (iii) any other pertinent information in sufficient detail to explain the calculation of the payment; and (iv) such other information as Holder may reasonably request.

Detailed Statement. All Royalty payments shall be accompanied by detailed statements (including metals return statements, Processor preliminary/provisional reports and Processor final reports as soon as available) explaining the calculation thereof with any available settlement sheets from the Processor, and shall also include the following information: (i) settlement ounces, pounds or other 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 (ivv) such other information as the Holder may reasonably request.