Payment of the Royalty. All royalty or provisional royalty payments will be payable on or before the 30th day following each Calendar Quarter. Each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the payment. Each such quarterly payment shall be subject to adjustment as provided below in the next quarterly payment or when the final report for the year is issued as specified below.
Appears in 7 contracts
Samples: Option (Northern Minerals & Exploration Ltd.), Agreement (Northern Minerals & Exploration Ltd.), Option Agreement (Punchline Resources Ltd.)
Payment of the Royalty. All royalty Royalty or provisional royalty payments will be payable on or before the 30th 45th day following each Calendar Quarter. Each A statement, showing in reasonable detail the calculation of the payment shall accompany each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the paymentHolder. Each such quarterly payment shall be subject to adjustment as provided below in the next quarterly payment or when the final report for the year is issued as specified below.
Appears in 2 contracts
Samples: Option Agreement (Fronteer Development Group), Fronteer Development Group Inc
Payment of the Royalty. All royalty Royalty or provisional royalty payments will be payable on or before the 30th 45th day following each Calendar Quarter. Each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the payment. Each such quarterly payment shall be subject to adjustment as provided below in the next quarterly payment or when the final report for the year is issued as specified below.
Appears in 1 contract
Samples: Option Agreement (Northwestern Mineral Ventures Inc.)
