Direct Royalties definition

Direct Royalties means royalty interests in petroleum and natural gas rights acquired by the Trust from time to time pursuant to a Direct Royalties Sale Agreement.
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Direct Royalties means royalty interests in petroleum and natural gas rights acquired by the Trust from time to time, other than the NPI, including the Initial Direct Royalties to be acquired by the Trust from the Corporation pursuant to a Direct Royalties Sale Agreement;
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Direct Royalties means royalty interests in petroleum and natural gas rights acquired by Peyto from time to time; "InSite" means InSite Petroleum Consultants Ltd., independent oil and gas reservoir engineers of Calgary, Alberta;
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Examples of Direct Royalties in a sentence

  • The NPI and Direct Royalties Overview The NPI consists of the right to receive a monthly payment from the Operating Subsidiaries pursuant to the terms of the NPI Agreements, equal to the amount by which ninety-nine (99%) percent of the gross proceeds from the sale of production attributable to Property Interests for such month (the "NPI Revenues") exceed ninety-nine (99%) percent of certain deductible production costs for such period.

  • Such Direct Royalties may consist of direct petroleum and natural gas royalty interests and may be acquired from time to time.

  • In addition to the NPI, the Trust owns a beneficial interest in the Direct Royalties and the Trust may acquire further Direct Royalties.

  • In addition to the NPI, the Trust holds various Direct Royalties.

  • The residual 1% share of gross proceeds from the sale of production which does not form part of the NPI is retained by the Operating Subsidiaries, together with any income of the Operating Subsidiaries derived from Properties that are not Working Interests in Canadian resource properties (including the Corporation's 1% share of income from the royalty interests from which the Direct Royalties are derived), is used to defray certain expenses and capital expenditures of the Operating Subsidiaries.

  • The Direct Royalties and Indirect Royalties shall be paid Quarterly in arrears within thirty (30) Business Days of the end of the Quarter in which the relevant sales of Products or receipt of Sub-licence Fees (as the case may be) has taken place.

  • See Notes (1) through (12) to the table included in "Oil and natural gas Reserves of the Provost Properties and the Direct Royalties" and Notes (1) through (13) to the table included in "Acquisition of Carlyle Properties – Oil and natural gas Reserves".

  • Pro Forma Reserve Information McDaniel has prepared the McDaniel Report – Provost Properties and the McDaniel Report – Carlyle Properties, evaluating as at January 1, 2003 the crude oil, natural gas and natural gas liquids reserves attributable to the Provost Properties, the Direct Royalties and the Carlyle Properties.


More Definitions of Direct Royalties

Direct Royalties means royalty interests in petroleum and natural gas rights acquired by the Trust from time to time;
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Direct Royalties means royalty interests in petroleum and natural gas rights acquired by Peyto from time to time; "GLJ" means GLJ Ltd., independent oil and gas reservoir engineers of Calgary, Alberta;
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Related to Direct Royalties

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

  • 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.

  • 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 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 Revenues means the difference between:

  • Net Sales means [***].

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

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