Royalty definition

Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

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Royalty means an interest, including an overriding royalty and a net profits interest, in gross production or the proceeds therefrom which does not require the owner thereof to bear any of the cost of production, development, operation or maintenance.

Royalty has the meaning set forth in Section 4.1.

Examples of Royalty in a sentence

Notwithstanding anything to the contrary set forth in this Agreement, (i) SpinCo shall not be required to provide or cause to be provided any Service for use in or for any business other than the Royalty Business and (ii) RemainCo shall not be required to provide or cause to be provided any Service for use in or for any business other than the SpinCo Business.
The Parties agree to reasonably cooperate to: (i) facilitate Tax planning with respect to credits/payments on account of the Royalty; (ii) ensure that no more Taxes, duties or other charges are payable than is required under Applicable Law; and (iii) obtain a refund or credit of any Taxes which have been overpaid.
Each notice pursuant to clauses (i) and (ii) above shall be accompanied by a written statement by an authorized senior officer of such Payor setting forth all material information relating to the occurrence referred to therein, including any action which the Royalty Payor Entities have taken or propose to take with respect thereto.
Each of NAPE, Royalty Pharma and Invus represents and warrants that unless previously disclosed to the Company, as of the date of this Agreement, it is not currently holding ten percent (10%) or more of the outstanding equity of any Competitor and does not have a right to designate any members of the board of directors of any Competitor.
Unless a Payee, including any transferee, is a “foreign person” (as such term is defined under United States Internal Revenue Code of 1986, as amended), Payee shall provide the Royalty Payor Entities a properly completed and duly executed IRS Form W-9 confirming that Payee is not subject to backup withholding Tax.

More Definitions of Royalty

Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage. Royalties may be either landowner's royalties, which are reserved by the owner of the leased acreage at the time the lease is granted, or overriding royalties, which are usually reserved by an owner of the leasehold in connection with a transfer to a subsequent owner.

Royalty has the meaning set forth in Section 3.

Royalty has the meaning set forth in Section 2(a).

Royalty means a payment made as a consideration for the use of or the right to use—

Royalty has the meaning set forth in Section 8.4.2.

Royalty has the meaning set forth in Section 3.1(a)(i).

Royalty shall have the meaning ascribed in Section 4 below.