Crown Royalties definition

Crown Royalties with respect to any period, means any amount paid or payable to or received or receivable by the Crown respecting such period by virtue of an obligation imposed by statute or a contractual obligation substituted for an obligation imposed by statute such as a royalty, tax (other than municipal or school tax), lease rental, or bonus or other amount in lieu (or in respect of the late or non-payment) thereof that may be reasonably regarded as being in relation to petroleum and natural gas rights or the production of Petroleum Substances;
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Crown Royalties means, with respect to any period, any amount paid or payable to or received or receivable by the Crown, with respect to such period, by virtue of an obligation imposed by statute or a contractual obligation substituted for an obligation imposed by statute such as a royalty, tax (other than municipal or school tax), lease rental, or bonus or other amount in lieu (or in respect of the late or non-payment) thereof that may be reasonably regarded as being in relation to petroleum and natural gas rights or the production of Petroleum Substances;
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Crown Royalties means royalties or other payments payable to any government in Canada in respect of the acquisition, development or ownership of or production from the Properties, including, without limitation, the Saskatchewan surcharge payable by resource corporations.
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Examples of Crown Royalties in a sentence

  • If production recommences from zones previously ordered to be shut-in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • Such royalty reduction was initially prescribed in December 2004, retroactive to the date of shut-in of the gas production.If production recommences from zones previously ordered to be shut-in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • The Royalty Owner shall reimburse to the Grantor, ninety nine percent (99%) of all Non-Deductible Crown Royalties payable by the Grantor in respect of the Properties or the production of Petroleum Substances therefrom, provided that the Grantor may at its sole discretion elect to waive its right to any part of or all of such reimbursement.

  • Heger Red Crown Royalties, LLCThree Forks Oil Corporation The Nokota CompanyTRACT 5Township 145 North, Range 82 West Section 18: E½ of Lot 1, Lot 2, E½NW¼ Bid” or www.questcdn.com.

  • Such royalty reduction was initially prescribed in December 2004, retroactive to the date of shut-in of the gas production.If production recommences from zones previously ordered to be shut- in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • As a result of the improvement in WCS at Hardisty pricing, Syncrude Crown Royalties has been updated to 9% – 12% from 5% – 8%.

  • Heger Red Crown Royalties, LLCThree Forks Oil Corporation The Nokota CompanyTRACT 7Township 145 North, Range 82 West Section 18: Lots 3, 4, E½SW¼Surface Ownership: The Falkirk Mining CompanyCoal Ownership: United States of America – Bureau of Land ManagementTRACT 8Township 145 North, Range 82 West Section 19: Lots 1, 2, E½NW¼Surface Ownership: The Falkirk Mining CompanyCoal Ownership: John C.

  • Heger Red Crown Royalties, LLCThree Forks Oil Corporation The Nokota CompanyTRACT 6Township 145 North, Range 82 West Section 18:The W½ of Lot 1Surface Ownership: The Falkirk Mining CompanyCoal Ownership: Laurance L.

  • The Farmers’ Advocacy Office has concerns about the Board’s apparent jurisdictional expansion by including non-regulator permitted land uses in their entry orders, and in the process awarding less compensation than Crown Royalties charged for those items.

  • We estimate 2007 annualized Crown Royalties to be approximately $600 million ($435 million after tax) based on nine months of actual results together with 2007 forward crude oil pricing of US$78.50/bbl as at September 30, 2007, current forecasts of production, capital and operating costs for the remainder of 2007, and a Canadian/US foreign exchange rate of $1.01.

Related to Crown Royalties

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Minimum Royalty shall have the meaning set forth in Section 7.3.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Sublicensing Revenue means all (i) cash, (ii) sublicensing fees and (iii) all other payments and the cash equivalent thereof, which are paid to LICENSEE by the Sublicensees of its rights hereunder, but excluding the following payments:

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Fees means all upfront fees, milestone payments and similar license fees received by LICENSEE from its Sublicensees in consideration for the grant of a Sublicense, but excluding:

  • Sublicense Revenues means [***].

  • Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Net Smelter Returns means the Gross Value of all Minerals, less the following costs, charges and expenses paid or incurred by Payor with respect to the refining and smelting of such Minerals:

  • Sublicense Revenue means [***].

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Net Sales means [***].

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Royalty Interest is defined in Section 1.01.

  • Net Revenues means the difference between:

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:

  • Milestone Payments has the meaning set forth in Section 4.2.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • License year means the period of time for which a