Monthly Reconciliation. (i) On or before the 25th day of the month, Grantor shall make an interim settlement based on the information then available of such Royalty, either in cash or in kind, whichever is applicable, by paying (A) not less than one hundred percent (100%) of the anticipated final settlement of Precious Metals in kind Royalty payments and (B) not less than ninety-five percent (95%) of the anticipated final settlement of cash Royalty payments.
Appears in 4 contracts
Samples: Sublease and Agreement (Liberty Silver Corp), Minerals Lease and Agreement (Homeland Precious Metals Corp.), Quincy Resources Inc
Monthly Reconciliation. (i) On or before the 25th day of the each month, Grantor shall make an interim settlement based on the information then available of such Royaltyall Production Royalty payments due that month, either in cash or in kind, whichever is applicable, by paying (A) not less than one hundred percent (100%) of the anticipated final settlement of in kind Precious Metals in kind Production Royalty payments and (B) not less than ninety-five percent (95%) of the anticipated final settlement of cash Production Royalty payments.
Appears in 2 contracts
Samples: Purchase Agreement (Aurelio Resource Corp), Option to Purchase Agreement (Aurelio Resource Corp)
