Examples of Production Payment 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.
Mortgage, Deed of Trust, Security Agreement 2 = Release of Mortgages and Liens3 = UCC Filings and Financial Statements 4 = Abstract of Judgment5 = Overriding Royalty, Production Payment, Net Profit 6 = Liens and Lien Affidavit7 = Contracts, Agreements, and Conveyances 8 = Miscellaneous98 = Pipeline Filing Document99 = Non-Specific Document FilingsSubmittals that do not include the information, set forth above, may be returned without action.
As disclosed in Note 5, the Elliot Lake exploration properties were acquired from a related party that holds a 1% Uranium Production Payment Royalty and a 1% NSR Royalty on any precious or base metals payable provided that the price of uranium is greater than US$130 per pound.
In consideration of Maverix agreeing to Silver One’s assumption of the Production Payment, Maverix will receive US $100,000 in units of Silver One.
Silver One will assume a Production Payment obligation by SSR to Maverix (formerly to Kinross).