Examples of Net Proceeds of Production in a sentence
If either party’s interest dilutes below 10%, then that party’s interest will convert to a 10% of Net Proceeds of Production Royalty.
If either party’s interest dilutes below 10%, than that party’s interest will automatically be converted into a royalty, by way of a 10% of Net Proceeds of Production Royalty.
In no event shall the cumulative Net Proceeds of Production Royalty payable to the withdrawing party, whether one or more, exceed an aggregate of five percent (5%).
Xstrata Canada Corporation retains a back-in right for a 50.1% interest or a 9% Net Proceeds of Production Royalty upon a production notice being given.Other Exploration PropertiesThe Company has interests in various other early stage exploration properties located primarily in Canada.
Not more than ninety (90) days after Closing, Seller shall prepare a statement (herein called the “Final Statement”), which shall detail the Net Proceeds of Production received by Seller after Closing, and shall show the calculation of the final settlement price (herein called the “Final Settlement Price”) based upon such Final Statement.