Net Smelter Returns Royalty definition

Net Smelter Returns Royalty means that charge on proceeds from production as described in Schedule "B";

Net Smelter Returns Royalty will have the meaning attributed to that term in Appendix II.

Net Smelter Returns Royalty means a royalty on the Net Smelter Returns calculated using the percentages set out on Schedule “B” attached hereto.

Examples of Net Smelter Returns Royalty in a sentence

• CEC retains the right to a 1% Uranium Production Payment Royalty and a 1% Net Smelter Returns Royalty on any precious or base metals payable, provided that the price of uranium is greater than US$130 per pound.

• Should either party’s interest in the joint venture be reduced below 10 per-cent through dilution, the diluted party will be granted a 2% Net Smelter Returns Royalty (“NSR”).

• Awalé is required to pay a 2% net smelter royalty to Sandstorm on any products sold from the Awalé and Aforo properties as detailed in the Net Smelter Returns Royalty Agreements dated December 29, 2017.

• The Vendors will retain a 2% Net Smelter Returns Royalty (“NSR”) on the Property; 1% of which can be purchased by the Company for $1 million.

• Upon completion of the option agreement, Romios will retain a 2% Net Smelter Returns Royalty (“2% NSR”) on the Property, and on any after-acquired claims within a 5 km radius of the current boundary of the Property.

More Definitions of Net Smelter Returns Royalty

Net Smelter Returns Royalty means one percent (1%) of the actual proceeds received from any mint, smelter, refinery or other purchaser for the sale of ores, base metals, precious metals, rare earth metals, elements or other minerals or concentrates produced from the Property and sold, after deducting from such proceeds the following charges to the extent that they were not deducted by the purchaser in computing payment: smelting and refining charges, penalties, smelter assay costs and umpire assay costs, costs of freight and handling of metals of or concentrates from the Property to any mint, smelter, refinery or other purchaser, marketing costs, insurance on all such metals or concentrates, custom duties or mineral taxes or the like and export and import taxes or tariffs payable in respect of said ores, metals or concentrates. But not including Imperial’s income tax, property tax, ad valorem tax, business tax or similar taxes. Any charges to be deducted hereunder which are made to an associated company of Imperial must be on commercially reasonable terms.

Net Smelter Returns Royalty has the meaning set out in Section 3.1.

Net Smelter Returns Royalty has the meaning set out in Section 3(a) hereof. (bb) “Notices” has the meaning set out in Section 11(d).

Net Smelter Returns Royalty means the royalty granted by Section 2.1 of this Royalty Agreement.

Net Smelter Returns Royalty or “NSR” means a net smelter returns royalty payable by the Optionee to the Optionor equal to Two percent (2%) of the proceeds from production, as described in Schedule “B” for all minerals derived from the Property, however, if the Optionor is entitled to any form of NSR from another source, the NSR hereunder will be reduced accordingly so that the Optionor’s aggregate net smelter returns royalty is no greater than Two percent (2%), the whole reducible to One percent (1%) in accordance with Section 3.5 of this Agreement;

Net Smelter Returns Royalty means a net smelter returns royalty calculated as provided in Schedule C, which may be payable to a Royalty Holder as provided by Sections 10.10 or 11.1. (qq)

Net Smelter Returns Royalty means the right of a party or parties (the “Owner”) to receive from Holdco (the “Payor”) a 0.5% of Net Smelter Returns until such time as the Owner has received $1,000,000, and thereafter the right to receive 1.0% of Net Smelter Returns.