NSR Royalty definition

NSR Royalty has the meaning assigned to it in Paragraph 2.1.

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NSR Royalty has the meaning ascribed to it in section 2.5 below.

NSR Royalty means a net smelter returns royalty to be paid by the Optionee to the Optionor pursuant to Part 5 of this Agreement;

Examples of NSR Royalty in a sentence

• The Optionee may purchase the remaining 2% of the NSR Royalty for an additional $1,000,000.

• At Owner discretion and election, the payment of Precious Metals NSR Royalty may be paid in Cash or In-kind as defined in Exhibit B.

• The Payee may request an audit of the sales and related financial records maintained by the Payor be conducted to verify the calculation of the NSR Royalty for a particular calendar quarter.

• In addition to Claimholder's NPI, Claimholder hereby reserves a five (5%) percent net smelter returns royalty ("NSR Royalty") for all commodities produced.

• The Payor shall be required to build a sampling tower and the Parties shall retain independent mining consultants to determine the pro rata amount which is subject to the NSR Royalty and the decision of the independent mining consultants shall be binding on the Parties.

More Definitions of NSR Royalty

NSR Royalty means net smelter return royalty.

NSR Royalty means a net smelter returns royalty to be paid by Candente pursuant to Subsection 10.1, all as further set out in Schedule "B";

NSR Royalty means the royalty of two and one half percent (2.5%) payable to the Vendor of net smelter returns from minerals mined and removed from the Property, as more particularly described in Schedule B attached hereto and forming a part of this Agreement;

NSR Royalty has the meaning set forth in Section 3.1;

NSR Royalty has the meaning attributed to that term in Section 4.5;

NSR Royalty means a defined percentage of the NSR.

NSR Royalty means the 1.5% copper only net smelter return royalty granted by Target to Glencore Operations Australia Pty Limited under the Glencore NSR Royalty Agreement.