Mining Royalty definition

Mining Royalty means the proportional mining royalty levied on the Net Production under the conditions provided for in Article 11.1 of this Agreement.
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Examples of Mining Royalty in a sentence

  • The Mining Royalty at the rate of the rate five and one half per cent (5.5%) of the F.O.B. value of the final Product.

  • The Water Royalty and the Mining Royalty may be purchased by ICP USA or its successor in interest at any time for an aggregate collective amount equal to the difference between $12,200,000.00 and all amounts received by IC Potash (or any permitted successor or assignee) pursuant to the Water Royalty and the Mining Royalty prior to the consummation of such purchase.

  • A Whim Creek Mining Royalty payable will be calculated as that percentage of Net Smelter Returns stipulated in the Agreement.

  • Notwithstanding anything to the contrary in this Agreement or the Royalty Agreement, the aggregate of payments under the Water Royalty and the Mining Royalty shall not exceed $12,200,000.00.

  • This Annexure C defines when and how a Whim Creek Mining Royalty is payable pursuant to the Agreement and provides a method of calculating the amounts and the timing of payments by the Payor to the Payee under the Agreement (both terms being defined below).

  • Immediately after the Closing of the Purchase, the Members shall contribute their respective interests in the Properties and the Assets and Bond and ▇▇▇▇ Mining Royalty (or evidence of cancellation) to the Company pursuant to Section 3.1 of the LLC Agreement.

  • The Payor may, without being liable to pay a Whim Creek Mining Royalty, mine, remove and supply small amounts of ores, minerals, or other products reasonably necessary for sampling, assaying, metallurgical testing and evaluation of the mineral potential of the Property.

  • The rate of the Proportional Mining Royalty was modified;  · By amendment no.

  • The Mining Royalty also is part of the Royalty Agreement, which is attached as Exhibit F.

  • The Payee may, at its own expense upon written request to the Payor, audit the records that relate to the calculation of a Whim Creek Mining Royalty within nine months after receipt of the final quarter calendar yearly payment for the calendar year as described in paragraph 3.