Gross Returns definition

Gross Returns means all income and revenues accrued, received, and realized by Payor from the production of Minerals and products of Minerals from the Property.

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Gross Returns means the returns and revenues from the production of Minerals from the Property as calculated and determined in accordance with Exhibit B attached to this Agreement.

Gross Returns has the following meanings for the following categories of Valuable Minerals:

Examples of Gross Returns in a sentence

• Upon reasonable notice and at a reasonable time, the Recipient shall have the right to audit and examine the Payor’s accounts and records relating to the calculation of the Gross Returns Royalty payments.

• Gross Returns shall be determined irrespective of any actual arrangements for the sale or other disposition of Minerals by Payor, specifically including but not limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative arrangements that may involve the possible delivery of gold, silver or other metals produced from Minerals.

• The order of priority shall be split into four groups: 1) Investor Contributions, 2) Gross Returns, 3) Farmer(s) Income share, 4) Company Income share.

• NCG shall pay to Owner a production royalty (the “Royalty”) based on the Gross Returns from the production and sale of Minerals from the Property.

• Lessee shall pay to Lessor a production royalty equal to five percent (5%) of the Gross Returns from the production or sale of Minerals from all third party properties within the Area of Interest (“AOI”).

More Definitions of Gross Returns

Gross Returns has the meaning established in Exhibit B.

Gross Returns means all cash flow, revenue, receipt or other realization from the Properties or in respect of their disposition or refinancing, whether as Gross Rents, net proceeds from refinancing, net proceeds from sale, or otherwise;

Gross Returns means the total dollar value of the sales price of the metals. During year 1-10 of this agreement, 0.5% of the aforementioned Production Royalty may be bought by lessee, their successor, or their joint venture partner for $500,000. The remaining 1.5 % royalty will remain effective throughout the life of the agreement, unless another buyout is negotiated.

Gross Returns has the following meanings for the following categories of Valuable Minerals: (i) If Payor causes refined gold that meets or exceeds the generally accepted commercial standards for refined gold to be produced by an independent third party refinery from ores mined from the Concessions, for purposes of determining the Royalty, the refined gold shall be deemed to have been sold in the calendar month in which it was produced at the refinery at the Monthly Average Gold Price for that month. The Gross Returns from such deemed sales shall be determined by multiplying Gold Production during the month by the Monthly Average Gold Price. As used herein, “Gold Production” means the quantity of refined gold that is outturned to Payor’s account by the refinery during the calendar month on either a provisional or final settlement basis. If outturn of refined gold is made by the refinery on a provisional basis, the Gross Returns shall be based upon the amount of such provisional settlement, but shall be adjusted in subsequent statements to account for the amount of refined metal established by final settlement by the refinery. As used herein, “Monthly Average Gold Price” means the average London Bullion Market Association P.M. Gold Fix as quoted in the Financial Times, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported. If the London Bullion Market Association P.M. Gold Fix ceases to be published, the Monthly Average Gold Price shall be determined by reference to prices for refined gold for immediate delivery in the most nearly comparable established market selected by Payor as such prices are published in “Metals Week” or a similar publication.

Gross Returns means all income and revenues accrued, received, and realized by the Corporation from the production of all minerals and mineral materials, including, without limitation, gold, silver, platinum and platinum group metals, base metals (including, for example, antimony, chromium, cobalt, copper, lead, manganese, mercury, nickel, molybdenum, titanium, tungsten, zinc), and other metals and mineral materials which are on, in or under the Chucker Property, and products therefrom;

Gross Returns means the total dollar value received from the purchaser of Leased Substances, less only any weighing, sampling, penalty, processing or other charges assessed by the purchaser. Production Royalty is to continue for 10 years or until the Lessee exercises it option to purchase, whichever occurs sooner. 168

Gross Returns as u s e d her e i n means t he pr oceeds of sal e o f or es, met a l s and mat er i a l s, i ncl udi ng