Gross Production Royalty definition

Gross Production Royalty as specifically defined below applies to the Commercial Production of diamond and industrial minerals only.
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Gross Production Royalty means the gross value of diamonds and industrial minerals produced from the Property. The gross value of diamonds and industrial minerals shall be the same as determined for the purposes of the calculation of the mining royalty on diamond and industrial mineral Commercial Production as levied by the Government of Canada or the Government of Nunavut, as applicable.
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Gross Production Royalty. ("GPR") as used in the Lease shall mean the gross proceeds received by NEWCREST from the sale of minerals, or products derived from minerals, from the Property after deducting the following:
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Examples of Gross Production Royalty in a sentence

  • On July 27, 2020, the Company announced it had entered into an agreement to acquire a 3% Gross Production Royalty (“Royalty”) from Trans Oceanic Mineral Company Ltd.

  • No development plan or building permit shall be issued until proof of such coordination is presented to the city by the applicant/developer.

  • By means of this procedure, the active/reactive power flow equations at sending and receiving buses of the line l, connecting bus n to bus m, are expressed as (7a)–(7d).

  • Owner shall have the right of first selection of coarse gold, nuggets, and mineral specimen gold produced from the property of up to Owner’1% Gross Production Royalty (taken in kind).

  • The consideration of US$7.4 million is derived from the retirement of the 4.5% Gross Production Royalty on Copperstone currently owned by TOMCL and the retirement of outstanding long-term debt in the amount of US$3.65 million dollars which is currently owned by TOMCL and Braydon, both of these entities are owned by Directors of the Company.

  • If and each time that minerals mined from the Subject Property are sold by NEWCREST, NEWCREST shall calculate the Gross Production Royalty ("GPR") realized by NEWCREST in connection with the sale.

  • Within 30 days following a Decision to Mine being made and notified to Zebina, Zebina may elect not to contribute its portion of Expenditure and instead to convert its interest in the relevant Mining Area to a 1.25% Gross Production Royalty in respect of any gold or other minerals produced from the Mining Area ( GPR).

  • These initiatives included the retirement of an existing 4.5% Gross Production Royalty on Copperstone, the retirement of$3.65 million in long-term debt outstanding, the extension of remaining outstanding debt by one year to December 31, 2024, all being driven from sale proceeds of Sabre Gold’s 1% NSR royalty on the Kerr- Addison Mine claims owned by Gold Candle Ltd.

  • Company shall pay to OWNER a Gross Production Royalty described in this Section and further described in Exhibit “B” during the time which Company produces any Minerals, Ore or Mineral Products.

  • Olympus consents to the assignment of the Debt and the Gross Production Royalty and the Royalty Agreement by the Assignor to the Assignee.

Related to Gross Production Royalty

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

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

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

  • Net Sales means [***].

  • Gross Profits means the gross profits calculated under section 4;

  • 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.

  • Gross Sales Price with respect to each sale of Shares sold pursuant to this Agreement shall be the gross sales price per share of such Shares.

  • Net Sales Price means the gross billing price of any PRODUCT received by Licensee or its SUBLICENSEE for the sale or distribution of any PRODUCT, less the following amounts actually paid by Licensee or SUBLICENSEE:

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

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

  • 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.

  • Gross Sales means the sum total of all retail sales of tangible personal property or services as

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

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in Section 3.1(e).

  • 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:

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Sublicense Revenue means [***].

  • Licensed producer means a person or entity licensed to produce medical cannabis.

  • 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:

  • Net Revenues means the difference between:

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

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Sublicense Revenues means [***].

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • 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: