Common use of ADVANCE ROYALTIES Clause in Contracts

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.

Appears in 6 contracts

Samples: Coal Lease (Cloud Peak Energy Inc.), Coal Lease (Cloud Peak Energy Inc.), Coal Lease (Cloud Peak Energy Inc.)

AutoNDA by SimpleDocs

ADVANCE ROYALTIES. Upon request by the lessee, the BLM may accept, for a total of not more than 10 20 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.

Appears in 2 contracts

Samples: Coal Lease (Cloud Peak Energy Resources LLC), Coal Lease (Cloud Peak Energy Resources LLC)

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.. *20 years [Public Law 109-58]

Appears in 1 contract

Samples: Coal Lease (Foundation Coal Holdings, Inc.)

AutoNDA by SimpleDocs

ADVANCE ROYALTIES. Upon request by the lessee, the BLM may accept, for a total of not more than 10 yearsthan* , 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.. *20 years [Public Law 109-58]

Appears in 1 contract

Samples: Coal Lease (Cloud Peak Energy Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!