Common use of Initial Royalty Clause in Contracts

Initial Royalty. For sales or other dispositions of Non-Export Water for use on the L▇▇▇▇ Range, Rangeview will pay to the Land Board a royalty of twelve percent (12%) of the Gross Revenues from the sale or other disposition of the Non-Export Water (including any reuse or successive use of treated effluent) to Water Users.

Appears in 1 contract

Sources: Lease Agreement (Pure Cycle Corp)

Initial Royalty. For sales or other dispositions of ---------------- Non-Export Water for use on the L▇▇▇▇ Range, Rangeview will pay to the Land Board a royalty of twelve percent (12%) of the Gross Revenues from related to the sale or other disposition of the Non-Export Water (including any reuse or successive use of treated effluentuse) to Water Users.

Appears in 1 contract

Sources: Lease Agreement (Pure Cycle Corp)