Reservation Of Royalty. The Payor shall pay and the Royalty Holder shall be entitled to receive as the royalty, 3.0% of Net Returns.
Reservation Of Royalty. (a) The Royalty Owner hereby reserves unto itself, the Royalty, and if Royalty Owner fails to take in kind, Payor agrees to bear and pay to Royalty Owner the value of the Royalty share based on an undivided one hundred (100%) percent of the Petroleum Substances produced from or deemed to be produced from or allocated to the Lands.
Reservation Of Royalty. The Payor shall pay and the Royalty Holder shall be entitled to receive as the royalty, 1.5% of Net Smelter Returns except as such percent is reduced pursuant to the Agreement.
Reservation Of Royalty. The Royalty Holder shall be entitled to receive and the Payor shall pay, a royalty (the "Royalty") of 2% of Net Smelter Returns for all By-Products or Other Mineral Products produced from the Property.
Reservation Of Royalty. The Buyer acknowledges and agrees that:
Reservation Of Royalty. Grantor hereby grants to Royalty Owner, and Royalty Owner reserves to itself out of Grantor’s Working Interest in the Lands, an interest in respect of the Petroleum Substances within, upon, or under the Lands, to be quantified as follows:
Reservation Of Royalty. The Royalty Holder shall be entitled to receive and the Payor shall pay: in respect of By-Products or Other Mineral Products produced from the Properties, as a Net Smelter Return Royalty, such percentage of Net Smelter Returns as is calculated from time to time as set out in the opening paragraph of this Schedule.
Reservation Of Royalty. Grantor reserves, and Grantee agrees to pay, a four percent (4.0%) net smelter returns production royalty from any production and sale of minerals from the Claims, to be determined and paid in accordance with the provisions of Exhibit 2 attached hereto and by reference made a part hereof (the “Royalty”), which Royalty shall run with the Claims (including any amendments or relocations thereof) and the land within the Claims and MISC-035-2.doc shall be binding upon Grantee and any and all successors to Grantee, such that Grantor shall be entitled to the Royalty regardless of who owns or mines the Claims.
Reservation Of Royalty. (a) Grantor hereby grants and assigns to the Royalty Owner a gross overriding royalty equal to two and one half percent (2.5%) of the current market value on one hundred percent (100%) of all petroleum substances produced, saved and marketed from the royalty lands (hereinafter referred to as the "royalty").
Reservation Of Royalty. Grantor grants, reserves and retains to itself, and Grantor's successors and assigns forever, and Grantee is covenanted and obligated to pay to Grantor, and Grantor's successors and assigns, a production royalty of three percent (3%) of the Net Smelter Returns from the production of minerals and mineral ores which are extracted or mined on, in or under the Property. The Net Smelter Returns production royalty shall be calculated, determined and paid to Grantor and Grantee shall perform the obligations described in Exhibit A attached to and by this reference incorporated in this Deed. The Net Smelter Returns production royalty reserved to Grantor under this Deed shall burden and run with the Property, including any amendments, conversions to a lease or other form of tenure, relocations or patent of all or any of the unpatented mining claims which comprise all or part of the Property, Grantee covenants to and shall execute, deliver and record in the Office of the Recorder of Eureka County, Nevada, an instrument by which Grantee grants to Grantor the Net Smelter Returns production royalty and subjects the amended, converted or relocated unpatented mining claims and the patented claims, if applicable, to all of the burdens, conditions, obligations and terms of this Deed. The following provisions shall apply in the calculation and payment of the Royalty.
