Waste Materials definition
Examples of Waste Materials in a sentence
Each Payor shall not dispose of any Minerals except pursuant to (i) a sale and delivery by such Payor to a Third Party Payor on industry standard terms or (ii) a disposition of Minerals as Waste Materials in accordance with Section 13(h).
Notwithstanding the foregoing, the Royalty Payor Entities shall have the right to dispose of Waste Materials from the Property on or off of the Property and to commingle the same with Waste Materials from other properties (provided in any case that any sale of Waste Materials shall be subject to the Royalty).
In the event Waste Materials from the Property are processed or reprocessed, as the case may be, the Royalty payable thereon shall be determined using the best engineering and technical practices then available.