PAYMENTS AND ROYALTY. In consideration for CSM's grant above and in consideration of the other terms and conditions of this Agreement, Atlas agrees to make the payment and to pay the following consideration:
PAYMENTS AND ROYALTY. 3.1 Operator shall pay AIG the sum of $_____* simultaneously with the equivalent payments to the Hortenstine Group and the SL Group pursuant to the Mineral Leases 120 days following completion by Operator of the NI 43-101 Report and Operator’s decision to proceed with a bankable feasibility study and related development of a mine plan which payment shall occur no later than 12 months from the Effective Date.
PAYMENTS AND ROYALTY. 4.1 CCT will reimburse JHU for the reasonable costs of preparing, filing, maintaining and prosecuting PATENT RIGHTS in the United States, Canada, Japan, Australia, New Zealand, South Korea and the countries of the European Union. CCT shall reimburse JHU within thirty (30) days of receipt of invoice from JHU. CCT will be notified, in advance, of the filing and prosecution of all patents and patent applications. Upon JHU licensing to one or more third parties for other fields of use in any of the aforementioned countries, CCT will receive a prorated reimbursement of patent expenses for such countries pertaining to PATENT RIGHTS that have been incurred up to said time, and from that time forward future patent costs will be prorated.
PAYMENTS AND ROYALTY
