Net Value Clause Samples
The Net Value clause defines how the value of goods, services, or claims is calculated after accounting for deductions such as costs, expenses, or other offsets. In practice, this means that any payments, damages, or compensation owed under the contract are determined based on the remaining value after subtracting relevant deductions, such as costs saved or alternative income received. This clause ensures that parties are compensated fairly and prevents overcompensation by only allowing recovery of the actual net loss or value, thereby allocating risk and promoting fairness in contractual settlements.
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Net Value. The Royalty Base applicable to Minerals produced from the Karasu Property, whether produced by in situ or solution mining, by mining ores and the extraction of Minerals by means of leaching, by milling or other extraction method. The Net Value of Minerals recovered in each month from Production shall be determined by the records pertaining thereto of the said refinery or refineries, and copies of their reports shall be delivered to Karasu monthly.
Net Value. 2.1(b) Non-Signing Contributor.........................................
Net Value. The net value of the qualified inventory shall be determined at cost or market, whichever is lower, exclusive of any transportation, processing or handling charges. The determination of "net value" shall be made by the secured party. The debtor shall notify the secured party immediately of any event causing a loss to or depreciation in value of the inventory and the amount of such loss or depreciation.
Net Value. As used herein, "
Net Value. Definition
(a) charges for treatment in the smelting and refining processes (including handling, processing, interest and provisional settlement fees, sampling, assaying and representation costs, penalties and other processor deductions);
(b) actual costs of transportation (including freight, insurance, security, transaction taxes, handling, port, demurrage, delay, and forwarding expenses incurred by reason of or in the course of such transportation) of doré or concentrates from the Property or other facility producing doré or concentrates to the place of additional treatment and to the place of sale;
(c) actual sales and brokerage costs of Precious Metals or Other Products for which the Net Smelter Return is based on proceeds received by the Lessee as hereinafter provided in Section 3(d) below, and an allowance for reasonable sales and brokerage costs for refined Precious Metals subject to the Net Smelter Return hereinafter provided in Sections 3(a), (b) and (c) below;
(d) sales, use, severance, net proceeds of mine, ad valorem taxes applicable under state, federal or local law and any other tax or governmental levy or fee relating to production of Precious Metals or Other Products from the Property or the value thereof (other than taxes based upon income); and
(e) the costs of any applicable governmental and/or any and all underlying private royalties, whether now existing or hereafter arising.
Net Value. “Net Value” shall mean the excess, if any, of the Common Amount, as adjusted, over the exercise price of a Company Stock Option or Company Warrant, as applicable.