Advance Minimum Royalty. Lessee shall pay to Lessor advance minimum royalties in the amounts and at the times listed below (each, an “Advance Minimum Royalty Payment”); provided, however, that if this Lease is terminated prior to the due date for the payment of any such Advance Minimum Royalty Payment, Lessee shall have no obligation to make any further Advance Minimum Royalty Payments, the due dates of which occur after such termination. On signing $5,000 1st Anniversary $15,000 2nd Anniversary $35,000 3rd Anniversary $45,000 4th Anniversary $80,000 5th Anniversary and annually thereafter during the Term of the Lease The greater of $100,000 or the U.S. Dollar Equivalent (as defined below) of 90 ounces of gold If this Lease is terminated for any reason, including but not limited to, partial payment or nonpayment after thirty (30) days written notice as provided in Article 6 at any time during the calendar year, Lessee shall be obligated to pay the full amount of Advance Minimum Royalty Payment as required to be paid in this Article 3.B during the calendar year of the termination, and for any prior calendar years during the term of this Lease for which Advance Minimum Royalty Payments have not been paid.
Advance Minimum Royalty. Commencing with the month this lease is executed and for each month thereafter that this lease continues and while it remains unterminated, Lessee shall pay an advance minimum royalty of $350 per month. This advance minimum royalty shall be credited to the Net Profits Royalty obligation referred to above in this Article 7. The royalty shall be paid during the month this lease is executed on or before the last day of the month, and thereafter on or before the last day of each succeeding month.
Advance Minimum Royalty. In consideration for this Agreement, Lessee shall be required to complete cash payments on account of advance minimum royalties in accordance with the following schedule:
a. FIVE THOUSAND UNITED STATES DOLLARS (US $5,000.00) upon execution of this Agreement to hold the Property for one year from the Effective Date to be delivered to the Owner.
b. TEN THOUSAND UNITED STATES DOLLARS (US $10,000.00) on the first anniversary of the Effective Date.
c. FIFEEN THOUSAND UNITED STATES DOLLARS (US $ 15,000.00) on the second anniversary of the Effective Date.
d. TWENTYFIVE THOUSAND UNITED STATES DOLLARS (US $ 25,000.00) on the third and each subsequent anniversary of the Effective Date, so long as this Agreement remains in effect.
Advance Minimum Royalty. The lessee will pay, or cause to be paid to the Superintendent, Crow Indian Reservation, Crow Agency, Montana, for the use and benefit of the lessor on June 14, 1975, an advance minimum royalty of $2.00 per acre per year and on June 14, 1976, and each June 14 thereafter until the end of the development period as defined in paragraph 5 of this lease an advance minimum royalty of $5.00 per acre per year. The advance minimum royalty paid pursuant to this subparagraph will apply as a credit only against production royalties payable on account of coal mined and shipped from the leased premises during the twelve month period immediately following the date of payment of such·advance minimum royalty.
Advance Minimum Royalty. Upon execution of this Lease, Lessee shall pay to RGGS, as a contemporaneous exchange, the sum of [*] which shall be considered as Advance Minimum Royalty. Said Advance Minimum Royalty shall be recoverable by Lessee only against Actual Production Royalty due RGGS for coal mined from the Premises during the Primary Term of this Lease. Any and all Advance Minimum Royalty which is not recovered against Actual Production Royalty due RGGS during the Primary Term hereof shall be forfeited by Lessee and retained by RGGS.
Advance Minimum Royalty. On each Anniversary Date after the Effective Date of this Lease, while this Lease remains in effect, Juneau shall disburse to Tetlin as “Advance Minimum Royalty:” Each Anniversary of Effective Date While this Lease Remains in Effect: Fifty Thousand Dollars ($50,000); and Each such payment of Advance Minimum Royalty shall be deemed a payment toward production royalties from the Subject Property. The obligation to make such annual Advance Minimum Royalty payments under this Section 3.2(b) shall terminate upon the commencement of commercial production, provided that Juneau shall be obligated to resume such payments if it subsequently suspends commercial production for more than one hundred eighty (180) consecutive days.
Advance Minimum Royalty. Lessee shall pay to the Payment Agent, the advance minimum royalties due to the Lessor in the amount and at the times listed below (each, an “Advance Minimum Royalty Payment”); provided, however, that if this Lease is terminated prior to the due date for the payment of any such Advance Minimum Royalty Payment, Lessee shall have no obligation to make any further Advance Minimum Royalty Payments, the due dates of which occur after such termination. On signing $5,000 1st Anniversary $15,000 2nd Anniversary $35,000 3rd Anniversary $45,000 4th Anniversary $80,000 5th Anniversary and annually thereafter during the Term of the Lease The greater of $100,000 or the U.S. Dollar Equivalent (as defined below) of 90 ounces of gold If this Lease is terminated for any reason, including but not limited to, partial payment or nonpayment after thirty (30) days written notice as provided in Article 6 at any time during the calendar year, Lessee shall be obligated to pay the full amount of Advance Minimum Royalty Payment as required to be paid in this Article 3.B during the calendar year of the termination, and for any prior calendar years during the term of this Lease for which Advance Minimum Royalty Payments have not been paid. The Lessor and the Payment Agent hereby acknowledge the Payment Agent’s receipt of the Original Lease Signing Fee in June 2011 and hereby agree that Lessee’s payment of the Original Lease Signing Fee fully relieves Lessee of the obligation to pay the Advance Minimum Royalty Payment amount due on the signing of this Amended and Restated Lease.
Advance Minimum Royalty. LESSEE shall pay to LESSOR advance minimum royalties as follows: a) Upon execution of this agreement $1,000.
00 b) On or before the anniversary date and each anniversary date thereafter $1,000.00 4.2
Advance Minimum Royalty. LESSEE shall pay to LESSOR as an advance minimum royalty the sum of ONE THOUSAND DOLLARS ($1000.00) upon execution of this agreement and on each anniversary date of the execution of this agreement during its term.
Advance Minimum Royalty. Lessee shall pay to Lessor as advance minimum royalty (“Advance Minimum Royalty”) the following amounts on the following dates, provided, however, that Lessee’s obligation to make such Advance Minimum Royalty payments to Lessor shall cease when Lessee commences producing and marketing Leased Substances from the Mineral Prospect (“Production Date”), except that if the Production Royalty under Article 4 in any year after the Production Date is less than the scheduled Advance Minimum Royalty, Lessee shall pay the difference, which payments shall be deemed to be payment of such Advance Minimum Royalty: Between January 1-15, 1987 The greater of $50,000 or the U.S. “Dollar equivalent”* of 152 ounces of gold Between January 1-15, 1988 The greater of $50,000 or the U.S. “Dollar equivalent”* of 152 ounces of gold Between January 1-15, 1989 and between January 1-15 in each year thereafter during the term of this Lease The greater of $150,000 or the U.S. “Dollar equivalent”* of 455 ounces of gold
