Royalty Asset definition

Royalty Asset means a project, mineral title or interest therein, or other asset or property, in which either Borrower has acquired or shall in the future acquire, a Royalty or similar interest.
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Royalty Asset means certain mineral rights defined pursuant to the Obligors balance sheet as (i) mineral interests and (ii) lease rights held in respect of such mineral rights, collectively owned by the Obligors over the lands which have an oil/gas royalty stream associated with such lands
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Examples of Royalty Asset in a sentence

  • USE OF PROCEEDS TO ISSUERThe allocation of the net proceeds of each offering set forth below represents our intentions based upon our current plans and assumptions regarding the specified Music Royalty Asset.

  • The company entered into a Royalty Share Agreement with Kingdom Trust Company FBO Sean Peace for the “Hit the Quan” Music Royalty Asset on May 16, 2021, which is included as Exhibit 6.5.

  • The company is entitled to receive a Sourcing Fee as compensation for sourcing the “Fear No More” Music Royalty Asset in an amount equal to 16% of the value of the “purchase price” of the Music Royalty Asset set forth in the Royalty Share Agreement.

  • The company is entitled to receive a Sourcing Fee as compensation for sourcing the “Runnin’ (Lose It All)” Music Royalty Asset in an amount equal to 20% of the value of the “purchase price” of the Music Royalty Asset set forth in the Royalty Share Agreement.

  • USE OF PROCEEDS TO ISSUERThe allocation of the net proceeds of each offering set forth below represents our intentions based upon our current plans and assumptions regarding the specified Music Royalty Asset associated with each current or planned offering of our Company.

  • The company entered into a Royalty Share Agreement with the rightsholder of the “Runnin’ (Lose It All)” Music Royalty Asset with an effective date of April 27, 2022, a form of which is included as Exhibit 6.12 to this offering statement of which this offering circular forms a part.

  • The company is entitled to receive a Sourcing Fee as compensation for sourcing the “Cross Me” Music Royalty Asset in an amount equal to 16% of the value of the “purchase price” of the Music Royalty Asset set forth in the Royalty Share Agreement.

  • The company entered into a Royalty Share Agreement with the rightsholder of the “Fear No More” Music Royalty Asset with an effective date of September 15, 2022, a form of which is included as Exhibit 6.14 to this offering statement of which this offering circular forms a part.

  • The company entered into four Royalty Share Agreements with the rightsholders of the “Gang Forever” Music Royalty Asset, each of which with an effective date of December 8, 2021, as the company was required to enter into a separate agreement which each of the recording artists behind this Music Royalty Asset.

  • The company entered into a Royalty Share Agreement with the rightsholder of the “3 Headed Goat” Music Royalty Asset with an effective date of December 8, 2021, a form of which is included as Exhibit 6.10 to this offering statement of which this offering circular forms a part.

Related to Royalty Asset

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • Real Property Asset means, at any time of determination, any interest then owned by any Loan Party in any real property.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Real Property Assets means as to any Person as of any time, the real property assets (including interests in participating mortgages in which such Person’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by such Person at such time.

  • Timber and wood-derived products means any product that contains wood or wood fibre, with the exception of "recycled" materials (see below). Such products range from solid wood to those where the manufacturing processes obscure the wood element (e.g. paper). Timber and wood-derived products supplied or used in performance of the Contract that have been recycled or reclaimed are referred to as "recycled" timber, which is defined below. Timber and wood-derived products supplied or used in performance of the Contract that are not recycled are referred to as "virgin" timber when the distinction needs to be made for clarity. Short-rotation coppice is exempt from the requirements for timber and wood-derived products and falls under agricultural regulation and supervision rather than forestry.

  • Security Assets means all assets of the Chargor the subject of any security created by this Deed.

  • Intellectual Property Asset means, at the time of determination, any interest (fee, license or otherwise) then owned by any Credit Party in any Intellectual Property.

  • Royalty Interest is defined in Section 1.01.

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • Receivables Facility Assets means presently existing and hereafter arising or originated Accounts, Payment Intangibles and Chattel Paper (as each such term is defined in the Uniform Commercial Code in effect in the State of New York from time to time) owed or payable to any Participating Receivables Grantor, and to the extent related to or supporting any Accounts, Chattel Paper or Payment Intangibles, or constituting a receivable, all General Intangibles and other forms of obligations and receivables owed or payable to any Participating Receivables Grantor, including the right to payment of any interest, finance charges, late payment fees or other charges with respect thereto (the foregoing, collectively, being “receivables”), all of such Participating Receivables Grantor’s rights as an unpaid vendor (including rights in any goods the sale of which gave rise to any receivables), all security interests or liens and property subject to such security interests or liens from time to time purporting to secure payment of any receivables or other items described in this definition, all guarantees, letters of credit, security agreements, insurance and other agreements or arrangements from time to time supporting or securing payment of any receivables or other items described in this definition, all customer deposits with respect thereto, all rights under any contracts giving rise to or evidencing any receivables or other items described in this definition, and all documents, books, records and information (including computer programs, tapes, disks, data processing software and related property and rights) relating to any receivables or other items described in this definition or to any obligor with respect thereto, and all proceeds of the foregoing.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • 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.

  • Permitted Receivables Facility Assets means (i) Receivables (whether now existing or arising in the future) of the Company and its Subsidiaries which are transferred or pledged to the Receivables Entity pursuant to the Permitted Receivables Facility and any related Permitted Receivables Related Assets which are also so transferred or pledged to the Receivables Entity and all proceeds thereof and (ii) loans to the Company and its Subsidiaries secured by Receivables (whether now existing or arising in the future) and any Permitted Receivables Related Assets of the Borrower and its Subsidiaries which are made pursuant to the Permitted Receivables Facility.

  • distributed ledger technology means a database system in which—

  • Developed Land means all Developable Land of the Company and its Restricted Subsidiaries which is undergoing active development or is ready for vertical construction.

  • Intellectual Property Assets includes:

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Royalty interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • Company Intellectual Property Assets means the Intellectual Property Assets used or owned by the Company or any of its subsidiaries.

  • Net Sales means [***].

  • Combination Product means any product that comprises a Licensed Compound or Licensed Product sold in conjunction with another active component so as to be a combination product (whether packaged together or in the same therapeutic formulation).

  • Hemp product means the same as that term is defined in § 3.2-4112.

  • Royalty-Bearing Product means (a) any Product that is not a Co-Developed Product and (b) any Co-Developed Product to the extent sold outside of the Co-Development Territory.