Compensation Agreement definition
Examples of Compensation Agreement in a sentence
The Payee’s approval of any Commingling Plan and, if applicable, any Compensation Agreement shall not be unreasonably withheld, conditioned or delayed.
The Payors agree to revisit the Commingling Plan and, if applicable, the Compensation Agreement if the Payee determines, acting reasonably, that circumstances have changed, in order to ensure that the Commingling Plan continues to provide for the accurate measurement of Minerals and the Compensation Agreement, if applicable, reasonably compensates the Payee for any Displacement.
The Compensation Agreement shall not require granting any royalty, stream or other interest on other properties.
For greater certainty, the Payee shall be entitled to a Compensation Agreement in the event of Displacement without prejudice to whether or not the Payee has elected to exercise its rights under Section 14.