TONNAGE ROYALTY Sample Clauses

TONNAGE ROYALTY. Lessee shall pay to Lessor a tonnage royalty for the coal mined from the Leased Premises during each calendar month of the term hereof, to be received by Lessor within twenty (20) days from the end of the month to which payment applies, as set forth on Exhibit B attached hereto. The term “coal” referred to herein shall include any low- coal content merchantable product that is sometimes sold and shipped under various trade names including, but not limited to, bone, coal, fuel and middlings. The term “ton” referred to herein shall mean 2,000 pounds. Subject to the qualification hereinafter stated in this paragraph, “gross selling price” of coal shall, for all purposes under this Lease, be the amount received, either directly or indirectly by the vendor or vendors thereof, whether or not the Lessee is the vendor, upon sale thereof after preparation and/or tippling, regardless of who owns or operates such facilities, to the ultimate consumer f.o.b. railroad cars or other transport at the ultimate tipple or tipples at which coal mined hereunder has been prepared and loaded into railroad cars or other transport for shipment to the ultimate consumer, without any deduction for transportation, selling expense, sale commission or other deductions. If the point of sale to the ultimate consumer is other than at the actual mine site or other property owned or controlled by Lessor or its affiliates and leased or subleased to Lessee, and Lessee transports coal from the mine site to a preparation plant (other than on the Leased Premises or other property owned or controlled by Lessor and leased or subleased to Lessee) (a “Third-Party Plant”) for processing, loading and shipment, then Lessee may deduct reasonable transportation costs from the Leased Premises to such Third-Party Plant from the gross selling price in the calculation of tonnage royalty payable hereunder. If any party to any sale or other disposition of the coal shall have any direct or indirect financial interest in any other party to such transaction, the price charged to the ultimate consumer of the coal involved in such transaction, less such deductions therefrom as Lessor may from time to time approve in writing, shall be taken and treated as the amount received therefor. It is this section’s intent that the gross selling price be the highest price received by Lessee, its affiliates or any direct or indirect financially related company, in the last arm’s-length transaction through the final sale to the u...
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TONNAGE ROYALTY. Sublessee shall pay to Sublessor, or upon request of Sublessor, directly to Base Lessor, the tonnage royalty or production royalty (“tonnage royalty”) required to be paid pursuant to the applicable Base Lease. Tonnage royalty shall be calculated and determined in the same manner as such tonnage royalty is required to be calculated under the applicable Base Lease from which such Subleased Coal is mined.
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TONNAGE ROYALTY. Lessee shall pay the Lessor on or before the 25th day of each calendar month of this Agreement, and during any renewal term thereof, a tonnage royalty for all coal mined, removed, sold and shipped from the leased premises during the immediate preceding calendar month. Such tonnage royalty shall be computed on each shipment of coal and shall constitute the aggregate of:
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TONNAGE ROYALTY. Lessee covenants and agrees to pay to Lessor as tonnage royalty for each ton of coal of two thousand (2000) pounds mined and removed by approved mining method from the demised premises, an amount of money equal to (a) One Dollar ($1.00) or (b) Five Percent (5%) whichever sum is greater, of the gross sales price of said coal f.o.b. the loading point, for each ton of two thousand (2,000) pounds of coal mined. The following tracts have been separated into groups for the purpose of payment of tonnage royalty:
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TONNAGE ROYALTY. (a) Lessee shall render to Lessor at its office in Kingsport, Tennessee, or such other place as Lessor may from time to time designate in writing to Lessee on or before the 25th day of each month, a true and correct statement of the tonnage of coal shipped from the Leased Premises during the preceding month in a form satisfactory to Lessor. Such statement shall show the number of tons of coal mined, in inventory and shipped from the Leased Premises and the number of tons of coal taken away, hauled or sold by Lessee and its affiliates, agents and contractors to persons or entities, including its own employees, as well as the number of tons used by Lessee on the Leased Premises, as hereinafter provided.
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TONNAGE ROYALTY. 7.1 Lessee shall pay to Lessor for each ton (2,000 pounds) of coal mined and removed from the Premises a tonnage royalty (the "Tonnage Royalty") equal to the following:
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TONNAGE ROYALTY. Vulcan agrees to purchase from APM, at the rate of XXXXX ($XXX) per ton ("Purchase Price"), all of the Mineral Products necessary for Vulcan to operate its Asphalt Plant and if applicable, the Ready Mix Plant. The amount of Mineral Products purchased by Vulcan shall not be less than the 250,000 tons per year referenced above. If Vulcan determines that APM is unable to provide Vulcan with sufficient quantities of materials, Vulcan may obtain any additional minerals and aggregates from outside sources. For the life of the Agreement and all extensions, any deliveries of Mineral Products ordered by Vulcan and delivered and/or picked up by a Vulcan client shall be counted towards fulfillment of Vulcan's guaranteed 250,000 annual minimum requirement and will be billed by APM to Vulcan at the Purchase Price.
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TONNAGE ROYALTY. 3.1 LESSEE covenants and agrees to pay to LESSOR during the Mining Term of this Restated and Amended Coal Lease, without demand therefor, a tonnage royalty (the "Tonnage Royalty") on each ton of 2,000 pounds of coal mined, removed and sold from the Property as follows: (i) for all coal mined and removed by any method other than the deep or underground method of mining (a) eight percent (8%) of the gross selling price of the coal or Two Dollars ($2.00), whichever is greater, if LESSOR owns both the coal in, on or under the Property and the surface thereof, or (b) six percent (6%) of the gross selling price of the coal or One Dollar and Sixty Cents ($1.60), whichever is greater, if LESSOR owns only the coal in, on or under the Property, or (c) two percent (2%) of the gross selling price of the coal or Forty Cents ($0.40), whichever is greater, if LESSOR owns only the surface of the Property, and (ii) for all coal mined, removed and sold by the deep or underground method of mining six percent (6%) of the gross selling price of the coal or One Dollar and Sixty Cents ($1.60), whichever is greater, regardless of whether LESSOR owns only the coal in, on or under the Property, or both the surface of the Property and said coal; PROVIDED, that payment pursuant to each of the subdivisions of this ARTICLE 3.1 shall be mutually exclusive and LESSOR shall only be paid pursuant to one of such subdivisions for each ton of coal mined and removed and subsequently sold by LESSEE; and PROVIDED FURTHER, that no payment shall be made to LESSOR pursuant to subdivision (ii) if LESSOR owns only the surface of the Property. On or before the 30th day of each calendar month, LESSEE shall account to LESSOR for all the coal mined, removed and sold from the Property during the preceding calendar month, and LESSEE shall pay to LESSOR the Tonnage Royalty thus found to be due for such preceding calendar month, subject to recoupment as provided for in ARTICLE SIX.
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TONNAGE ROYALTY. Lessee covenants and agrees to pay to Lessor as tonnage royalty for each ton of coal of two thousand (2000) pounds mined and removed by approved mining method from the demised premises, an amount of money equal to (a) Sixty Cents ($0.60) or (b) Three Percent (3%) of the gross sales price, whichever sum is greater, of said coal f.o.b. the loading point, for each ton of two thousand (2,000) pounds of coal mined. The following tracts have been pooled for the purpose of payment of tonnage royalty: 25.00 Acres (WE44) 35 Acres (WE45) 137.50 Acres (WE46) 36 Acres (WE 46A) 129.00 Acres (WE48) 24 Acres (WE50) 83.00 Acres (WE51) GROUP 1 75.00 Acres (WE47) GROUP 2
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Related to TONNAGE ROYALTY

  • 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:

  • Earned Royalty In addition to the annual license maintenance fee, ***** will pay Stanford earned royalties (Y%) on Net Sales as follows:

  • Minimum Royalty At the beginning of each calendar year during the term of this Agreement, beginning January 1, 2016, Company shall pay to Medical School a minimum royalty of {***}. If the actual royalty payments to Medical School in any calendar year are less than the minimum royalty payment required for that year, Company shall have the right to pay Medical School the difference between the actual royalty payment and the minimum royalty payment in full satisfaction of its obligations under this Section, provided such minimum payment is made to Medical School within sixty (60) days after the conclusion of the calendar year. Waiver of any minimum royalty payment by Medical School shall not be construed as a waiver of any subsequent minimum royalty payment. If Company fails to make any minimum royalty payment within the sixty-day period, such failure shall constitute a material breach of its obligations under this Agreement, and Medical School shall have the right to terminate this Agreement in accordance with Section 8.3.

  • Minimum Royalties If royalties paid to Licensor do not reach the minimum royalty amounts stated in Section 3.3 of the Patent & Technology License Agreement for the specified periods, Licensee will pay Licensor on or before the Quarterly Payment Deadline for the last Contract Quarter in the stated period an additional amount equal to the difference between the stated minimum royalty amount and the actual royalties paid to Licensor.

  • Earned Royalties GEN-PROBE shall pay to PHRI an earned royalty for each sale of a Licensed Kit. GEN-PROBE shall also pay to PHRI an earned royalty for each performance of a Licensed Assay (other than an Assay performed by a customer using a Licensed Kit). The earned royalty for each Licensed Kit and each Licensed Assay shall be determined according to the remainder of this section.

  • Royalty Payment For all leased substances that are sold during a particular month, Lessee shall pay royalties to Lessor on or before the end of the next succeeding month. Royalty payments shall be accompanied by a verified statement, in a form approved by Lessor, stating the amount of leased substances sold, the gross proceeds accruing to Lessee, and any other information reasonably required by Lessor to verify production and disposition of the leased substances or leased substances products. Delinquent royalties may be subject to late fees and penalties in accordance with Lessor’s Rules.

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Contract Quantity The Contract Quantity during each Contract Year is the amount set forth in the applicable Contract Year in Section D of the Cover Sheet (“Delivery Term Contract Quantity Schedule”), which amount is inclusive of outages.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Royalties 1. Royalties arising in a Contracting State and paid to a resident of the other Contracting State may be taxed in that other State.

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