Production Returns definition

Production Returns means for any Calculation Period:
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Production Returns means the gross proceeds received from the sale or disposition of any and all placer mineral products produced from the Property.
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Examples of Production Returns in a sentence

  • All profits, losses and expenses resulting from Owner engaging in Hedging Transactions are specifically excluded from calculations of Production Returns and Royalty payments pursuant hereto.

  • If Production Returns are received on a provisional basis, the Production Returns shall be calculated based on provisional payments received by or credited to the account of Owner at the time for payment and provisionally paid, and an adjustment shall be made on the next quarterly Royalty payment based upon final Production Returns for such Calculation Period.

  • Returns Royalties shall be made within 30 days after the end of each semi annual period in which Production Returns, as determined on the basis of final adjusted invoices, are received by the Optionee.