Royalty Deeds definition
Examples of Royalty Deeds in a sentence
As soon as practicable following receipt of the Royalty Buy-Out Amount, Seller shall cause the Royalty Deeds to be terminated and shall take such actions as shall be necessary, including the filing of any and all documents with any Governmental Authority, to cause the Subsidiaries to be fully released and discharged from all of their obligations and liabilities under the Royalty Deeds.
In furtherance thereof, there shall be a credit against the Royalty due and payable by Purchaser under this Subsection 5.10.1 in the amount of any Production Royalty that shall be payable (and actually received) under the Royalty Deeds for the same ton of Fee Coal or Leased Coal or the same pertinent quantity of Coal Components without giving effect to any Person or court declaring or rendering such Royalty Deeds invalid or unenforceable.
Gas related documents including Leases, Mineral Deeds, Royalty Deeds, Pooling Agreements, etc.
It is the intention of the parties hereto --------------- that the Royalty payable hereunder for each ton of Fee Coal or Leased Coal or each pertinent quantity of Coal Components shall not be duplicative of the Production Royalty payable under the Royalty Deeds.
The Retained Royalty of Barrick and Newmont shall be a royalty interest in and a burden upon the properties included in the Barrick Contributed Assets (“Barrick Royalty Property”) or the Newmont Contributed Assets (“Newmont Royalty Property”), respectively, which will be more particularly described in the Royalty Deeds.
The Company will be the “Grantor” under both Royalty Deeds and each of Barrick and Newmont will be the “Grantee” under its respective Royalty Deed.
The applicability of the Royalty Deeds to any property VNC abandons shall be governed by Section 8 of the Royalty Deeds.
Purchaser ------------------------------------ acknowledges that the Subsidiaries are obligated to pay the Production Royalty to Seller (or one of its Affiliates) under the Royalty Deeds.
Neither --------------------------------------------------- the declaration or claim by any Person or the decision of any court that one or more Royalty Deeds is invalid or unenforceable, in whole or in part, nor the pendency of any Proceeding with respect to any such claim, shall render unenforceable the Royalty payable by Purchaser hereunder, and Purchaser agrees that it shall continue to be bound by and comply with the provisions of this Section 5.10 in the event of any such declaration or decision.
The following documents have been provided by Seller to Purchaser and are true, correct, accurate, and complete copies of the documents they purport to be: Brazil Royalty Agreement, Mexico Royalty Agreement, Montana Royalty Agreement, and the Royalty Deeds.