NPI Royalty definition

NPI Royalty has the meaning ascribed thereto in Exhibit B hereto;
Sample 1
NPI Royalty means the 10% net profit royalty granted to Westridge Enterprises Ltd. and Indo-Gold Development Ltd. by the Company which the Company has the option to purchase for $2,000,000 on or before December 1, 2010;
Sample 1

Examples of NPI Royalty in a sentence

  • OGT LLC, managed by the Company’s wholly owned subsidiary SMMI, receives a $5,000 per year payment for up to 10 years, or until a $5 million capped NPI Royalty is paid.

  • In addition, the Transportation Secretary is authorized to require, to the extent practicable, that an air carrier receiving this support continue services to any point served by that carrier before March 1, 2020, considering factors similar to those described above for airline loans under Section 4005 .

  • In consideration for the acquisition and termination of the NPI Royalty, Carlyle agreed to issue AgraFlora non‐transferrable warrants (each, a “Warrant”) to purchase 200,000 Shares (each, a “Warrant Share”) at an exercise price of $0.50 per Warrant Share for a period of 3 years from the date of issuance, subject to the terms and conditions contained in the certificate representing the Warrants.

  • In consideration for the acquisition and termination of the NPI Royalty, the Company agreed to issue AgraFlora non-transferrable warrants to purchase 200,000 at an exercise price of $0.50 per common share for a period of 3 years from the date of issuance.

  • The NPI Royalty, which was initially reserved in 1905 and amended in 1948 to provide for a 7.5% net profits interest royalty on all minerals, continues to apply today in the areas of the Leprechaun and Sprite Deposits and part of the Berry Deposit.As consideration for the NPI Royalty, Marathon paid $500 in cash and issued 1,341,607 common shares (having a value of $4,000 based on the 5-day VWAP) at closing to Reid, the private third-party vendor.

  • The NPI Royalty, which was initially reserved in 1905 and amended in 1948 to provide for a 7.5% net profits interest royalty on all minerals, continues to apply today in the areas of the Leprechaun and Sprite Deposits and part of the Berry Deposit.

  • From the operator’s perspective, NPI Royalties may be preferable to NSR Royalties because payments need not be made until a “profit” is obtained, which means that, unlike the NSR Royalty, the NPI Royalty does not act as a cost of the project which must be considered in determining whether the property can be mined economically.

  • Changes to the ILA will be brought back before the Town of Wendell Board of Commissioners for approval.

  • As consideration for the NPI Royalty, Marathon paid $500 in cash and issued 1,341,607 common shares (having a value of $4,000 based on the 5-day VWAP) at closing to Reid, the private third-party vendor.

  • It is further agreed that this NPI Royalty Agreement may not be amended except in writing signed by all parties.

Related to NPI Royalty

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

  • 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.

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

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

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

  • 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.

  • 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.

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Royalty Rate means the percentage defined in Exhibit B.

  • 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 Fees means all upfront fees, milestone payments and similar license fees received by LICENSEE from its Sublicensees in consideration for the grant of a Sublicense, but excluding:

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

  • Net Sales means [***].

  • Sublicense Revenue means [***].

  • 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:

  • Sublicense Revenues means [***].

  • 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:

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • 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:

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

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

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

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1, or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.