Monthly Calculations and Payments. Net Smelter Returns royalties shall be determined on a monthly basis. Payor shall pay Payor each monthly royalty payment on or before the last business day of the month immediately following the month in which the royalty payment obligation accrued. Payor acknowledges that late payment by Payor to Recipient of royalty payments will cause Recipient to incur costs, the exact amount of which will be difficult to ascertain. Accordingly, if any amount due and payable by Payor is not received by Recipient within ten (10) days after such amount is due, then Payor shall pay to Recipient a late charge equal to ten percent (10%) of such overdue amount. Recipient's acceptance of such late charge shall not constitute a waiver of Payor' default with respect to such overdue amount, nor prevent Recipient from exercising any of Recipient's other rights and remedies. If any amount payable by Payor remains delinquent for a period in excess of thirty (30) days, Payor shall pay to Recipient, in addition to the late payment, interest from and after the due date at the statutory interest rate.
Monthly Calculations and Payments. Net Smelter Returns Royalties shall be determined on a calendar month basis. Net Smelter Returns Royalties shall be paid on or before the last business day of the calendar month immediately following the last day of the calendar month in which same accrued, but in any event Owner shall be paid no less frequently than when Lessee is paid. Precious Metals and Other Minerals will be deemed to have been sold or otherwise disposed of at the time refined production from the Property is delivered, made available, or credited to Lessee by a mint or refiner. The price used for calculating the Net Smelter Royalty on Precious Metals and Other Minerals shall be determined in accordance with Standard Practices and in accordance with this Agreement and Exhibit B.
Monthly Calculations and Payments. Net Smelter Returns royalties shall be determined on a calendar month basis. Net Smelter Return royalties shall be paid on or before the last business day of the calendar month immediately following the last day of the calendar month in which same accrued.
Monthly Calculations and Payments. Net Smelter Returns royalties shall be determined on a calendar month basis. Net Smelter Return royalties shall be paid on or before the last business day of the calendar month immediately following the last day of the calendar month in which same accrued. Owner shall have the right to take payment of royalty in kind provided that Owner must give lessee 60 days’ notice of its desire to take royalty in kind and further that such election must remain in force for a minimum of 12 months. Any additional cost incurred by Lessee to deliver royalty in kind shall be borne by Owner.
Monthly Calculations and Payments. Net Smelter Returns royalties shall be determined on a monthly basis. Payer shall pay Recipient each monthly royalty payment on or before the last business day of the month immediately following the last day of the month in which the royalty payment obligation accrues. If Payer does not timely pay any payment payable by Payer under this Exhibit within ten (10) days after the date on which such payment is due, Payer shall pay to Recipient a late charge equal to ten percent (10%) of such overdue amount. Recipient's acceptance of the late charge payment shall not constitute a waiver of Payer' s default regarding such overdue amount, nor prevent Recipient from exercising any of Recipient' s other rights and remedies granted under this Exhibit. If any Rental Payment or other amount payable by Payer remains delinquent for a period in excess of thirty (30) days, Payer shall pay to Recipient, in addition to the late charge, interest from and after the due date at the Interest Rate. Payer’s payment of such interest shall not excuse or cure any default by Payer.
Monthly Calculations and Payments. The royalties shall be determined on a calendar month basis. The royalties required to be paid pursuant to the Lease shall be paid on or before the date specified in the Lease.
Monthly Calculations and Payments. Net Smelter Returns royalties shall be determined on a monthly basis. The remaining Member shall pay the remaining Member each monthly royalty payment on or before the last business day of the month immediately following the month in which the royalty payment obligation accrued. The remaining Member acknowledges that late payment by the remaining Member to Recipient of royalty payments will cause Recipient to incur costs, the exact amount of which will be difficult to ascertain. Accordingly, if any amount due and payable by the remaining Member is not received by Recipient within ten (10) days after such amount is due, then the remaining Member shall pay to Recipient a late charge equal to ten percent (10%) of such overdue amount. Recipient’s acceptance of such late charge shall not constitute a waiver of the remaining Member’ default with respect to such overdue amount, nor prevent Recipient from exercising any of Recipient’s other rights and remedies. If any amount payable by the remaining Member remains delinquent for a period in excess of thirty (30) days, The remaining Member shall pay to Recipient, in addition to the late payment, interest from and after the due date at the statutory interest rate.
