Existing Royalties definition

Existing Royalties has the meaning set forth in Section 6.4.3.

Existing Royalties means the obligation to pay royalties to third parties as indicated in Exhibit E.

Existing Royalties means the royalties as detailed in the Underlying Agreements;

Examples of Existing Royalties in a sentence

• The Company is now working on a step out drilling program to identify additional resources.

• The Parties agree that in no event shall the percentage of Net Returns payable to MUI or PDUS plus the percentage of Net Returns (or net smelter returns) payable to any third party under the Existing Royalties or any other agreement exceed the equivalent of 5% of Net Returns, and that if the combined royalty burden on any portion of the Property exceeds the equivalent of 5% of Net Returns, the percentage of Net Returns payable to MUI or PDUS shall be reduced accordingly.

• Each of the Partners represents that it is not aware of any material facts or circumstances that have not been disclosed in this agreement, which should be disclosed to the other Partner in order to prevent the representations and warranties in this Agreement from being materially misleading, other than the Existing Royalties.

• Balmoral will assume, fulfill and perform all of the obligations and liabilities of American Bonanza in relation to ownership or control of the Purchased Interest as at the Effective Date under all contracts and commitments of American Bonanza related to the Purchased Interest including the Existing Royalties and Rights and American Bonanza’s obligations under the Exploration Agreement with Option to Purchase dated July 17, 1998 between Cyprus Canada Inc.

• Upon termination of the Option, Northwestern shall ensure that it has funded all Maintenance Costs payable up to the date of termination of the Option in accordance with the terms hereof and that the Concessions, their mining lots and all related concessions, permits and licences are in good standing for not less than six (6) months after termination, free and clear of all Encumbrances, subject to the Existing Royalties.

More Definitions of Existing Royalties

Existing Royalties means those particular royalties encumbering the Property as of the Closing Date and defined herein as the Xxxxxxxx Royalty, the Xxxxxxxx-Xxxxx Royalty, the ARO-NV Third Party Royalty, the ARO-NV-Xxxxxx Royalty and the TXAU-Xxxxxx Royalty and no others;

Existing Royalties means those royalties set forth in Schedule "C" attached hereto.

Existing Royalties means the:

Existing Royalties means (i) the CFEM statutory royalty imposed by Laws 7990/1989 and 8001/1990 (as amended), which is currently set at 1.5% of gross revenue, and may be amended from time to time by a Governmental Authority; (ii) a landowner royalty on any of the Mining Properties that is provided for in the Brazilian Mining Code (Decree-law No. 227/1967); and (iii) any royalty granted by the Mine Owner to a third party seller of any interest in the Mining Properties set out in Schedule A, Part 2 on acquisition of such interest by Mine Owner.

Existing Royalties means the various royalties set forth in Schedule "C" hereto payable by, as applicable, Argonaut or Richmont on production from the, as applicable, Argonaut Transferred Property or Richmont Transferred Property pursuant to the provisions of the Existing Agreements.

Existing Royalties means the 3% net smelter return royalty that was reserved by and granted to Eagle Trail in respect of the minerals from the Mineral Rights described in Schedule A pursuant to an agreement between Eagle Trail and Guinness, which royalty was subsequently subdivided into 3 royalties (2 of which were assigned) that are currently payable as follows:

Existing Royalties means the royalties listed on Schedule B hereto, as the same may be amended, restated, modified, replaced, refinanced or otherwise supplemented in whole or in part from time to time, provided that the terms of any such amendments, restatements, modifications, replacements, refinancings or supplements, taken as a whole are, in the good faith judgment of Senior Management, substantially equivalent or more favourable to the applicable Obligor than the terms of the royalties listed on Schedule B hereto on the date hereof.