Production Royalty definition

Production Royalty means the royalty payable on the Subject Minerals calculated as set forth in Section 2 below.

Production Royalty means the payments provided for in Section 4.02.

Production Royalty means the payments required to be paid pursuant to Article 7;

Examples of Production Royalty in a sentence

• The Production Royalty, payable for each month in which the monthly average of the daily PM London gold fix is in excess of US$1,250 per ounce, is calculated at the rate of 20% of the dollar value of that excess for each ounce of gold produced from the property during that month, to a maximum royalty of US$90 per ounce.

• There is no certainty that the Company will receive any further Production Royalty payments.

• The Company also holds the Production Royalty, which is contingent upon the number of ounces of gold produced at Cerro Prieto and upon the monthly average price of gold being above US$1,250 per ounce in the month the gold is produced.

• The Production Royalty on oil and gas, and associated hydrocarbons produced by Sublessee using standard oil and gas drilling recovery techniques above 3000 feet MSL and sold shall be 1/6 of the gross market value.

• The Production Royalty on all other Minerals produced from Bitumen Product mined or otherwise extracted from the Property and sold shall be eight percent (8%) of the gross sales revenue received by Sublessee.

More Definitions of Production Royalty

Production Royalty has the meaning given to such term in Schedule “B”; and

Production Royalty means the "Production Royalty" payable ------------------ pursuant to and in accordance with the Royalty Deeds.

Production Royalty means the production royalty of three percent (3%) of the Net Smelter Returns from the production of minerals from the Unpatented Mining Claims as they exist at the execution date of this Agreement and a production royalty of one percent (1 %) of the Net Smelter Returns from the production of minerals from the Area of Interest. Stone agrees to grant a Production Royalty in writing to the Vendor in the lands and interests acquired by Stone in the Area of Interest; and

Production Royalty refers to the royalty payable by Lessee to Lessor subsequent to the expiration of the Primary Term for Salt Shipped or on the Minimum Tons of Salt to be Shipped.

Production Royalty means the payments required to be paid pursuant to section 12 of this Agreement;‌

Production Royalty means the royalty provided for in Section 4.02.

Production Royalty means Three Percent (3%) of Net Smelter Returns from the sale of Products from the Property, calculated in accordance with the provisions of this Schedule. “Net Smelter Returns” means all monies realized and actually received by Lessee on the sale of any Ores or Products mined or extracted from the Property as primarily evidenced by its returns or settlement sheets, including any premiums, bonuses, and subsidies, less, if any such Ores or Products require smelting or other processing, all commercially reasonable amounts actually paid on account of: