Royalty Deed definition

Royalty Deed means the deed between the Company, Glencore and CMPL, under which CMPL is required, on a quarterly basis, to pay to Glencore a royalty equal to 1.5% of Net Smelter Returns (as defined in the Royalty Deed) and grant security interests created as a result of the Royalty Deed. Net Smelter Returns are equal to the gross revenue minus permitted deductions for all marketable and metal-bearing copper material, in whatever form or state, that is mined, produced, extracted or otherwise recovered from the Royalty Area. Glencore has the right to transfer its interest in the Royalty Deed (subject to limited restrictions, and subject to a right of last refusal granted to CMPL) and the security created as a result of the Royalty Deed.

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Royalty Deed means the Royalty Deed for the NSR in the form of Exhibit E.

Royalty Deed shall have the meaning ascribed to that term in Section 2.4(a) of this Agreement.

Examples of Royalty Deed in a sentence

The Payors shall, upon request of the Payee, sign and deliver to the Payee, and the Payee may register or otherwise record against titles to the Property, the Royalty Deed and such form of notice or other document as the Payee may reasonably request to evidence the Royalty as an interest in land or to give notice of the existence of the Royalty to Third Parties including, for greater certainty, any Property acquired following the Execution Date.
As provided in Section 3(j), the Royalty Deed shall be recorded against the Property and as recorded, shall be the only Encumbrance on the Property, other than Permitted Encumbrances.
If at any time following the Execution Date, there exists Encumbrances on the Property recorded prior to the Royalty Deed, other than Permitted Encumbrances, the Royalty Payor Parties shall promptly notify the Payee and arrange for the discharge of such Encumbrances, including paying such liabilites, or deliver to the Payee a No Interest Letter in respect thereof.

More Definitions of Royalty Deed

Royalty Deed means that certain Perpetual Non-Participating Production Royalty Deed executed by Wildcat in favor of Lender of even date herewith, and all amendments and modifications thereto, in the form attached as Exhibit C.

Royalty Deed means a Production Royalty Deed, in the form attached hereto as Exhibit C by and between A▇▇▇▇▇ ▇▇▇▇▇ and P▇▇▇▇▇▇▇ Royalty Company, a wholly owned subsidiary of Stockholder, pursuant to which M▇. ▇▇▇▇▇ grants a 1% net smelter returns production royalty to Pershing Royalty Company on all minerals produced from certain claims leased to the Gold Operating Subsidiaries by M▇. ▇▇▇▇▇.

Royalty Deed means the form of Royalty Deed attached to this Agreement as Exhibit C.

Royalty Deed means the net smelter royalty deed dated the same date as this Agreement.

Royalty Deed means the Hong Kong law governed royalty deed entered or to be entered into between the Borrower and the Agent.

Royalty Deed shall have such meaning as set forth in Section 3.01(c).

Royalty Deed means a royalty in the form of Annexure A.