Production Payment. The “Production Payment” is paid on top of the Minimum Price. It is determined by reference to the total milk solids (fat and protein) supplied by the Supplier to Riverina Fresh during the term of this Agreement. Production Payments will be made for every kilogram of milk solids supplied at the relevant band (based on total kilograms of milk solids) reached by the Supplier for the month. The Production Payment will be made monthly in arrears and is payable on the combined total milk solids supplied by the Supplier for the month. Applicable GST will be added to the amounts below. Production Payment Bands Butterfat & Protein / month Approximate litres* c/kg Butterfat c/kg Protein 2,001 – 5000 kg 28001 - 70,000 5.0 11.0 5,001 – 9,000 kg 70,001 – 125,000 10.0 22.0 9,001 – 14,000 kg 125,001 – 195,000 12.0 26.0 14,001 – 19,000 kg 195,001 – 264,000 17.0 37.0 19,001 kg – 24,000 kg 264,001 – 333,000 21.0 46 .0 24,001 kg – 35,000 kg 333,001 – 486,000 25.0 55.0 35,0001 kg and above 486,001 and above 30.0** 66.0** * Actual payments are based on Butterfat & Protein ** The numbers for 35,0001kg and above represent minimum amounts.
Production Payment. On or prior to the fifth (5th) Business Day after the commencement of commercial production of the Mining Concessions, Purchaser shall pay US$2,500,000 in cash to Vendor (the “Production Payment”).
Production Payment. (a) At any time after the Closing if Purchaser acquires (either from its own acquisition or through assignment from Seller pursuant to Section 8.8) good title (determined in Purchaser’s sole discretion) to any Additional Interest located in Section 12, T. 17 N., R. 3 W., then Purchaser shall notify Seller in writing of the date on which such acquisition was completed (the “Acquisition Date”).
Production Payment. The price that Candeo shall pay to Can-Cal per ton of Material (“Production Payment”) removed by Candeo (or its assign or assigns) from the Property shall be equal to the greater of:
Production Payment. 3.1.1 Buyer shall grant, transfer, assign and convey to Seller a "Production Payment" with regard to Buyer's oil production from or attributable to the Segregated Lease (or any extension, renewal or replacement of the Segregated Lease acquired hereafter by Buyer or a parent, subsidiary or affiliate of Buyer). Said Production Payment shall be conveyed by an instrument in form and substance similar either to Exhibit "F-3" or Exhibit "F-4" hereto, as applicable pursuant to Section 3.2 or 3.3, and is to be calculated on a calendar year basis, in accordance with Exhibits "C" and "D" attached hereto. Buyer shall pay such Production Payment to Seller on or before a date thirty (30) days after the end of the calendar year to which such payment applies, or on or before a date sixty (60) days after the discontinuation of Production Payments as provided in Section 3.2 hereof.
Production Payment. The purchase price that Candeo shall pay to Supplier per ton of the Finished Material (“Production Payment”), in accordance with Paragraph 8 hereof, shall be equal to the greater of:
Production Payment. The Production Payment to be retained by Seller is expected to expire, when 73.7% of the original estimated recoverable reserves in place on the Effective Date attributable to the Leases have been produced.
Production Payment. Grantor does hereby reserve unto itself, and its successors and assigns, from this Assignment a production payment payable out of and only from Subject Hydrocarbons equal to 100 percent of the Net Profits derived from the Subject Interests; such production payment to be effective during the Production Payment Period and such payments not to exceed, in any Payment Period, the Gross Proceeds produced during such period, (the "Production Payment"); and in each case as defined herein and subject to the terms and conditions contained herein.
Production Payment. Exploration hereby represents and warrants that it has not transferred, assigned, mortgaged, pledged or otherwise disposed of or encumbered all or any portion of its interest in the Production Payment other than to CNB Bank.
Production Payment. Section 2.1 of the Production Payment Termination Agreement is amended by deleting each reference to “March 31, 2018” and replacing it with “April 30, 2018”.
