Grant of Production Payment. Genesis hereby agrees to convey to Royal Gold a limited term royalty interest (the “Production Payment”) in silver, copper and all other minerals and products produced and sold from the Properties, as provided in this Agreement.
Grant of Production Payment. Assignor hereby grants, bargains, sells, assigns, conveys, transfers and sets over to Assignee, effective as of the Effective Date (defined below), that portion of the Production Payment INSOFAR AND ONLY INSOFAR as the Production Payment burdens and affects the lands, leases, interests and properties described in or referred to in Exhibit A attached hereto and made a part hereof for all purposes (such interests and properties collectively called the "Reassigned Properties"). To the extent this Partial Reconveyance constitutes a partial reconveyance of a portion of the Production Payment, the interest herein reconveyed shall merge with the working interest out of which the Production Payment was created, and be extinguished. TO HAVE AND TO HOLD the Production Payment in the Reassigned Properties, together with all and singular, all rights, privileges, options, hereditaments, and appurtenances thereto in anywise belonging, unto Assignee, its successors and assigns forever, subject to the terms, conditions, exceptions, reservations, covenants, and agreements herein set forth.
Grant of Production Payment. Vista hereby grants to Xxxxxx a production payment equivalent to two percent (2%) of the net smelter returns from the production of gold, silver and other minerals from the mining concessions described in Exhibit B, attached hereto. For purposes of this Agreement, the "
Grant of Production Payment. 2.1 In consideration for receipt of the Purchase Price, as of and from the Effective Date the Grantor hereby grants to the Grantee a production payment equal to the Production Payment Percentage of the proceeds of the sale of Available Production from the Subject Interests (the “Production Payment”), free and clear of any and all Encumbrances (except the Permitted Encumbrances) and all costs, expenses and deductions whatsoever, including all development, production, operational and Decommissioning Liabilities.
