Project NSR definition

Project NSR means a Nett Smelter Return in the terms set out in Annexure1 in a Royalty Percentage (as defined therein) of 3.5% (three point five percent) in respect of Product produced by the Company from any Property following a Development Decision which obligation shall be perfected as an obligation of the Company to the Owners in accordance with the laws of Argentina.
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Project NSR means a Net Smelter Return in the terms set out in Exhibit 1 in a Royalty Percentage (as defined therein) of 2,0% (two percent) in respect of Product produced by the Company from any Property following a Development Decision which obligation shall be perfected as an obligation of the Company to the Owners in accordance with the laws of Argentina.
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Project NSR means the 3% NSR on all base, rare earth elements and precious metals on the Property pursuant to the Option Agreement;
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Examples of Project NSR in a sentence

  • Any assignment of the Owners right to receive the Project NSR shall be perfected in accordance with the law in force in Argentina.

  • The Owners shall have no right while this Agreement is in effect to sell, assign, transfer or mortgage to any person the whole or part of their rights and obligations under this Agreement other than, subject to Clause 3.2, their right to receive the Project NSR.

  • Upon completion and acceptance of the Project, NSR and/or the Municipality shall submit an itemized invoice and any required supporting documentation to the Department’s Rail Division for actual costs associated with the work performed by NSR and/or the Municipality and associated with the removal of the crossing, mitigation improvements, or betterment work.


More Definitions of Project NSR

Project NSR means the 2% NSR on all base, rare earth elements and precious metals on the ▇▇▇▇ Property pursuant to the Option Agreement;
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