NSR Sample Clauses

NSR. A 1.0% net smelter returns royalty (the "NSR") on the production of minerals from the properties set forth in the Royalty Deed, dated as of the Closing Date; and

NSR. (i) shall be responsible for property (ad valorem) taxes, if any, determined pursuant to the North Carolina General Statutes and related rules and regulations of the North Carolina Department of Revenue on Non-operating Property that is owned by NCRR and which NSR has the exclusive right to use under the Agreement and (ii) shall be responsible for any property taxes, assessments, or liens with respect to Designated Returned Property not paid by NSR or any of its subtenants/licensees for all periods prior to the Return Date. NCRR shall be responsible for property (ad valorem) taxes on all other Non-operating Property; provided, however, where NSR has the non-exclusive right to use Non-operating Property under EXHIBIT 10(i), Page 33 of 44 the Agreement, then NSR shall be responsible for its pro rata share of the property taxes on such property based on NSR's usage of such property. For purposes of this Section 26, Non-operating Property shall mean property that is appraised as non-system property by the North Carolina Department of Revenue or separately assessed by the local assessor as non-public service company property.

NSR. The NSR is owned in whole by the Subsidiaries and neither Subsidiary has transferred any right, title or interest in or to the NSR to or in favor of any third Person. Since August 24, 2006, none of the Company or the Subsidiaries has received any notice of default, forfeiture or termination of or demand under the NSR.

NSR. The Optionor shall retain a two percent (2%) NSR for any and all tonnage mined and delivered from the Property for any and all minerals. Such 2% NSR shall also apply with respect to any part or parts of any mining claims staked within the Area of Mutual Interest, which shall be included in the NSR subject to sale in accordance with paragraph (B) below.

NSR. The Vendor hereby reserves and the Purchaser hereby grants and agrees to pay to the Vendor an annual royalty of 3% of the Net Smelter Returns derived from mining operations on the Mineral Claims and the Dome Claim (upon the exercise of the Option) and products, mined, extracted, or derived therefrom or any part thereof, to be calculated and paid in accordance with schedule “C” hereto.

NSR. Any interest in the Mineral Claims earned by Rincon hereunder shall be ▇▇▇▇▇▇ free and clear of any mortgages, liens, charges, pledges, security interests, encumbrances and any other claims of any description, but shall remain subject to a three (3%) percent NSR in favour of the Owner (who is responsible for remitting up to two (2%) percent of this to the Underlying Owners, as described in Schedule A, determined and paid in accordance therewith. It is agreed that up to two-thirds (2/3) of the three (3%) percent NSR reserved unto the Owner herein may be purchased at any time by Rincon paying to Owner $1,0▇▇,▇▇▇ per one-third (1/3) portion ($1,000,000 per one (1%) percent NSR).

NSR. ARGENTUM agrees to pay North Bay a royalty of Two Percent (2.0%) of “Net Smelter Returns” (NSR), as that term is hereinabove defined. This royalty can be paid out in full and terminated upon the payment of Two Million USD ($2,000,000) to North Bay by ARGENTUM at any time.

NSR. Sphere shall have the right to buy down Camp McMan’s NSR from 3.5% to 2% for $500,000 per ½% in accordance with Schedule “D” hereto.

NSR. (a) On or prior to November 30, 2015, NJMC shall grant to MG USA a 2.0% net smelter return royalty in a form to be mutually agreed to between the Parties (the “NSR”) in respect of (i) all of the Claims set out in Schedule 1 to this Agreement, (ii) all property and claims currently held by, or in trust for, or on behalf of, either the Company or NJMC or by any affiliate, insider or partner thereof within the Area of Interest as set out in Schedule 2 hereto (“Additional Claims”), and (iii) all property and claims acquired by the Company or NJMC or by any affiliate, insider or partner thereof within the Area of Interest subsequent to the date of this Agreement, other than subsequently acquired property or claims that are located in the area south of ▇▇▇▇▇▇▇▇ Creek as shown on the map in Schedule 3 (“Subsequent Claims”). (b) NJMC shall take all steps required to ensure that (i) at or prior to the Acquisition Date the NSR is registered on and against title to (A) all of the Claims of the Company set out in Schedule 1 to this Agreement other than those Claims for which such registration is not legally possible at the Acquisition Date (the “Excluded Claims”), and (B) all of the Additional Claims, if any, (ii) the NSR is registered on and against title to all of the Excluded Claims as soon as such registration is legally possible, and (iii) the NSR is registered on and against title to all Subsequent Claims as soon as such registration is legally possible.