Common use of Royalty Statements and Payments Clause in Contracts

Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Revenues, certified by the Proponent’s Chief Financial Officer, within four (4) months of the end of each company fiscal year [insert Proponent fiscal year ending month], together with the related royalty payment and send to the address specified in Article 7.1 of the agreement. The first statement and related royalty payment must be provided to the Minister by [insert date four months after end of first royalty year] in respect of the fiscal year ending [insert appropriate Proponent fiscal year end date], and by [insert month and day when subsequent payments are due] each year thereafter in regard to the previous fiscal year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.

Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Project Revenues, certified by the Proponent’s Chief Financial Officer, within four (4) months of the end of each company fiscal year [insert Proponent fiscal year ending month], together with the related royalty payment and send to the address specified in Article 7.1 of the agreement. The first statement and related royalty payment must be provided to the Minister by [insert date four months after end of first royalty year] in respect of the fiscal year ending [insert appropriate Proponent fiscal year end date], and by [insert month and day when subsequent payments are due] each year thereafter in regard to the previous fiscal year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.

Royalty Statements and Payments. The Proponent will provide to the Minister an annual statement of the Gross Business Project Revenues, certified by the Proponent’s Chief Financial Officer, within four (4) months of the end of each company fiscal year [insert Proponent fiscal year ending month], together with the related royalty payment and send sent to the address specified in Article 7.1 of the agreement. The first statement and related royalty payment must be provided to the Minister by [insert date four months after end of first royalty year] in respect of the fiscal year ending [insert appropriate Proponent fiscal year end date], and by [insert month and day when subsequent payments are due] each year thereafter in regard to the previous fiscal year. Payments shall be made by cheque to the order of the Receiver General and sent to the Minister.