NSR ROYALTY. 5.1 The Optionee pay to the Optionor a royalty (the “NSR Royalty” ) equal to a 1% percent in aggregate of Net Smelter Returns (as defined in Subsection 1.1), subject to §5.4 of this Agreement. This NSR Royalty will be payable for so long as the Optionee and/or its successors and assigns hold any interest in the Leases.
NSR ROYALTY. In addition, Lessee shall pay to Lessor a royalty at the rate of 3% of the Net Smelter Returns from the Properties (the “Initial NSR Royalty”). After the first anniversary of Lessee commencing mining operations, the Initial NSR Royalty shall be reduced to 1.5% of the Net Smelter Returns from the Properties (the “Subsequent NSR Royalty”). The Initial NSR Royalty and Subsequent NSR Royalty shall be paid no later than 30 days after the end of each calendar quarter in which Products have been sold. To be clear, this Initial NSR Royalty and Subsequent NSR Royalty is in addition to any royalties required by the third party leases, or other royalties that are recorded with the titles to any of the Properties. Lessee will be responsible for timely paying all such third party royalties directly.
NSR ROYALTY. The NSR Royalty payable to Optionor (the “Payee”) pursuant to Section 3 of the Agreement will be paid by Optionee or Optionee’s Company (together the “Payor”) in accordance with the terms of this Schedule B.
NSR ROYALTY. 3.1 SDCI hereby grants, sells, assigns, transfers and conveys and agrees to pay to Diaquem a royalty of 2% of Net Smelter Returns in respect of all Minerals (other than Diamonds) produced from the Property determined as set out in Section 3.2 (the "NSR Royalty").
NSR ROYALTY. 4.1. Subject to paragraph 4.2 the Optionor shall retain a 2V2% NSR in respect to the Property.
NSR ROYALTY. 11.1 The Optionee will pay to the Optionor Sub a royalty equal to a two percent (2.0%) in aggregate net smelter returns royalty (as defined in Subsection 1.1), subject to Subsection 11.4. The NSR Royalty will be payable for so long as the Optionee and/or its successors and assigns hold any interest in the Claims.
NSR ROYALTY. The transfer of the Asset by the Vendors is subject to the Vendors retaining a 2.0% NSR with respect to any potential production from within the two Exploration Licences outlined in Schedule A and having the following attributes:
NSR ROYALTY. In accordance with clause 3.2(b) of the Agreement, the Purchaser has granted this NSR Royalty to Vista, and as such subject to (c) below, the Purchaser shall pay to Vista a quarterly production net smelter return royalty on the Gold produced and sold, by or on behalf of the Purchaser or its Affiliates (the “Operator”), that is derived from the mining concessions described in Schedule “C” comprising the Property in accordance with the following (the “Royalty”):
NSR ROYALTY. 10.1 At the Closing, a royalty interest in all minerals (including metals) within, upon or under the Property, calculated at the rate of 1.0% of net smelter returns from the sale of mineral products extracted or derived from the Property (the “NSR Royalty”), shall be reserved to Optionor from the Property. At the Closing, Optionor and Optionee will execute the NSR Royalty agreement in the form set out in Schedule “C” hereto (the “Royalty Agreement”), provided that Exhibit “A” of the Royalty Agreement shall be modified at the time of signing the same to the extent necessary to reflect any changes that occur to the Property prior to the Closing.
NSR ROYALTY. 9.1 Candente will pay to Hecla an annual royalty equal to two and one-half percent (2.5%) of Net Smelter Returns, subject to Subsection 9.4.
