Production Payment. The “Production Payment” is paid on top of the Minimum Price. It is determined by reference to the total milk solids (fat and protein) supplied by the Supplier to Riverina Fresh during the term of this Agreement. Production Payments will be made for every kilogram of milk solids supplied at the relevant band (based on total kilograms of milk solids) reached by the Supplier for the month. The Production Payment will be made monthly in arrears and is payable on the combined total milk solids supplied by the Supplier for the month. Applicable GST will be added to the amounts below. Production Payment Bands Butterfat & Protein / month Approximate litres* c/kg Butterfat c/kg Protein 2,001 – 5000 kg 28001 - 70,000 5.0 11.0 5,001 – 9,000 kg 70,001 – 125,000 10.0 22.0 9,001 – 14,000 kg 125,001 – 195,000 12.0 26.0 14,001 – 19,000 kg 195,001 – 264,000 17.0 37.0 19,001 kg – 24,000 kg 264,001 – 333,000 21.0 46 .0 24,001 kg – 35,000 kg 333,001 – 486,000 25.0 55.0 35,0001 kg and above 486,001 and above 30.0** 66.0** * Actual payments are based on Butterfat & Protein ** The numbers for 35,0001kg and above represent minimum amounts.
Production Payment. On or prior to the fifth (5th) Business Day after the commencement of commercial production of the Mining Concessions, Purchaser shall pay US$2,500,000 in cash to Vendor (the “Production Payment”).
Production Payment. 3.1.1 Buyer shall grant, transfer, assign and convey to Seller a "Production Payment" with regard to Buyer's oil production from or attributable to the Segregated Lease (or any extension, renewal or replacement of the Segregated Lease acquired hereafter by Buyer or a parent, subsidiary or affiliate of Buyer). Said Production Payment shall be conveyed by an instrument in form and substance similar either to Exhibit "F-3" or Exhibit "F-4" hereto, as applicable pursuant to Section 3.2 or 3.3, and is to be calculated on a calendar year basis, in accordance with Exhibits "C" and "D" attached hereto. Buyer shall pay such Production Payment to Seller on or before a date thirty (30) days after the end of the calendar year to which such payment applies, or on or before a date sixty (60) days after the discontinuation of Production Payments as provided in Section 3.2 hereof.
Production Payment. (a) At any time after the Closing if Purchaser acquires (either from its own acquisition or through assignment from Seller pursuant to Section 8.8) good title (determined in Purchaser’s sole discretion) to any Additional Interest located in Section 12, T. 17 N., R. 3 W., then Purchaser shall notify Seller in writing of the date on which such acquisition was completed (the “Acquisition Date”).
Production Payment. The price that Candeo shall pay to Can-Cal per ton of Material (“Production Payment”) removed by Candeo (or its assign or assigns) from the Property shall be equal to the greater of:
Production Payment. The Company will pay the Production Payment in full no later than two weeks after the Date of Closing.
Production Payment. 2 Section 2.1 Amount and Term of Production Payment.......................2 Section 2.2 Application of Production Payment...........................3 Section 2.3 Non-Cost-Bearing Interest...................................3 Section 2.4
Production Payment x. XXXXXXXX shall invoice monthly and MSO shall pay to XXXXXXXX the Operating Expense plus a [***]% xxxx-up for all services except for third party printing charges, paper costs, and third party distribution charges which shall be billed at cost plus [***]% (collectively the “Production Payment”).
Production Payment. Alpha shall agree at Closing to make a monthly payment equal to three percent (3%) of the net revenue stream (to be calculated as agreed to in the 2020 PSA) from any new xxxxx (not workovers, restarts, or recompletions) drilled in the Project area after the Closing until such time as Kadence shall have accrued US$800,000.00 from such new xxxxx (the “Production Payment”). Together, the Option Payment, Production Payment, and Project Payment shall satisfy the Purchase Price as defined in Article II (2.3) of the 2019 PSA.
Production Payment. Production Payment" means the interest in production from the Burdened Leases that is attributable to the interest of REI, as set forth in that certain Memorandum of Production Payment between Progress Fuels North Texas Gas, L.P. and REI, dated February 24, 2003 and recorded in the Official Records of Denton, Tarrant and Wise Counties, Texas.
