Common use of Production Royalties Clause in Contracts

Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("Production Royalty") calculated at two percent (2%) of the Net Smelter Returns as defined, calculated and set forth herein.

Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("“Production Royalty"”) calculated at two percent (2%) of the Net Smelter Returns as defined, calculated and set forth herein.

Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("Production Royalty") calculated at two percent (2%) % of the Net Smelter Returns as defined, calculated and set forth herein.:

Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("“Production Royalty"”) calculated at two percent one and a half (21.5%) of the Net Smelter Returns as defined, calculated and set forth herein.