ADVANCE ROYALTIES. Upon request by the Lessee, the authorized officer may accept, for a total of not more than 10 years, the payment of advance royalties in lieu of continued operation, consistent with the regulations. The advance royalty shall be based on a percent of the value of a minimum number of tons determined in the manner established by the advance royalty regulations in effect at the time the Lessee requests approval to pay advance royalties in lieu of continued operation.
ADVANCE ROYALTIES. Upon request by the lessee, the BLM may accept, for a total of not more than 10 years, the payment of advance royalties in lieu of continued operation, consistent with the regulations. The advance royalty will be based on a percent of the value of a minimum number of tons determined in the manner established by the advance royalty regulations in effect at the time the lessee requests approval to pay advance royalties in lieu of continued operation.
ADVANCE ROYALTIES. On execution of this Agreement the Licensee agrees to pay to Titan the following non-refundable Advance Royalty Amount, which shall be set off as a credit against the royalties due to Titan under subparagraph 4(b): Advance Royalty Amount US$150,000.00 ---------------------- If Titan has not received the Advance Royalty Amount due on execution of this Agreement by the date 15 days from the date of Titan's execution of this Agreement, Titan shall have the right to terminate this Agreement, with immediate effect, by providing the Licensee with written notice of termination at any time prior to Titan's receipt of said Advance Royalty Amount payment.
ADVANCE ROYALTIES. Lessee agrees to make advance royalty payments to Lessor during the term of this Lease as provided in this Paragraph 4(a) (“Advance Royalties”).
ADVANCE ROYALTIES. S-A shall pay Wink the non-refundable royalty advances set forth in Exhibit A hereto, at the times set forth in Exhibit A hereto. All advances paid by SA hereunder shall be credited against S-A's royalty payments under Section 5.2.
ADVANCE ROYALTIES. LFIRC will pay the Royalty Advance in four (4) installments as follows:
ADVANCE ROYALTIES. Within ten days of both Parties signing this Agreement, Strategy shall pay to Red Mile a non-refundable, recoupable, advance royalty in the amount of xxxxxx . An invoice shall be submitted to STRATEGY by RED MILE, and this advance royalty shall be wire-transferred to RED MILE by STRATEGY in accordance with RED MILE’s wire instructions. This advance royalty is recoupable by STRATEGY who shall hold back actual royalties earned and payable as the result of actual sales until the advance royalty is fully recouped.
ADVANCE ROYALTIES. Lessee agrees to make advance royalty payments to Lessor during the term of this Lease as provided in this paragraph 4)(a) (“Advance Royalties”). On or before the first day of each Lease Quarter thereafter beginning October 1, 2013, Lessee shall pay the Advance Royalty for that Lease Quarter as follows: Lease Quarters 2 - 4 - $68,750 paid quarterly Lease Quarters 5 - 24 - $125,000 ($500,000 per year paid quarterly) Thereafter, Minimum Annual Advance Royalty payments shall continue indefinitely at the rate of $750,000 per year adjusted with the CPI beginning once the Properties are placed in and remain in continuous Operation. During each term of this Lease the Advance Royalty shall be adjusted on each anniversary of the Effective Date by a percentage equal to the percentage change in the CPI for the prior calendar year; provided, however, that the required Advance Royalty payment amount at the beginning of the 5th Quarter and the 25th Quarter shall be the amount expressly set forth above in this paragraph 4)(a) without regard to changes in the CPI during the prior term.
ADVANCE ROYALTIES. All advance royalties paid by the Optionor to Mxxxxxx will be credited solely to the account of the Optionor according to and described in the Sale Deed.
ADVANCE ROYALTIES. McDonald shall not be obliged to pay any advance ----------------- royalties to Minera Ocote during the first three years of this Agreement. At the beginning of the fourth contract year, McDonald shall pay an advance royalty of FIFTY THOUSAND DOLLARS ($50,000.00)
