Production Results definition

Production Results means, with respect to Production in any Royalty Period, the pounds of copper, in any form, derived from Concentrate extracted from the Ore in the Mine;
View Source

Examples of Production Results in a sentence

  • Resource Company will at all times maintain complete and accurate books, records and accounts in accordance with generally accepted accounting principles and consistent with good management accounting practice relating to operations at any Mine, the Production Results and the calculation and payment of the Royalty (collectively the “Royalty Records”).

  • Not later than 140 days after each Royalty Period, Resource Company will forward to RLP a statement in the form of Schedule H, (the “Reconciled Basic Royalty Report”) from Resource Company's Chief Financial Officer based on Resource Company’s most recently completed financial statements setting out the calculation of the Basic Royalty for that Royalty Period as well as the Production Results for that Royalty Period.

  • For the avoidance of doubt, RLP’s entitlement to the Royalty shall commence on the Effective Date, but the Production Results shall only begin to accumulate from the Commencement Date of Commercial Production.