Production Royalty. The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:
Appears in 4 contracts
Samples: Geothermal Lease Agreement (Nevada Geothermal Power Inc), Geothermal Lease Agreement (Nevada Geothermal Power Inc), Geothermal Lease Agreement (Nevada Geothermal Power Inc)
Production Royalty. The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) 60 days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:
Appears in 3 contracts
Samples: Geothermal Lease Agreement (Nevada Geothermal Power Inc), Stabb Geothermal Lease Agreement (Nevada Geothermal Power Inc), Stabb Geothermal Lease Agreement (Nevada Geothermal Power Inc)
