Advance Royalty. Upon request by the lessee the District Mining Supervisor may accept, for a total of not more than 10 years, the payment of advance royalties in lieu of the condition of continued operation consistent with the regulations in 43 CFR 3473 and 30 CFR 211. The advance royalty shall be based on a percent of the value of a minimum number of tons which shall be determined in the manner established by the regulations in 43 CFR 3473.
Advance Royalty. Subject to Lessee’s right to terminate this Agreement, Lessee shall pay the following amounts annually to Lessor as advance royalty: $10,000.0 upon execution of the Agreement (for year 1 of the Agreement), MGC 033.doc $15,000.00 for year 2 of the Agreement, and $20,000.00 for each year thereafter until Lessee commences the payment of production royalties pursuant to Section 3.B. Except as to the payment made upon execution of this Agreement, advance royalty payments shall be paid annually on or before the beginning of each anniversary of the Effective Date. All advance royalty payments shall be deductible cumulatively as a credit against actual production royalties payable to Lessor pursuant to Section 3.B and shall be credited toward the Purchase Price (as defined in Section 11.A below). Lessee’s obligation to make advance royalty payments shall cease upon the earliest of: (i) exercise by Lessee of its option to purchase the Premises pursuant to Section 11.B; (ii) the commencement of production royalty payments pursuant to Section 3.B; or (iii) termination of this Agreement under Section 6.
Advance Royalty. (a) In consideration for the Services to be performed by JetFax hereunder, Xerox agrees to pay to JetFax a nonrefundable advance royalty payment of [*], payable in those increments and upon completion of the C1, C2, C3 and C4 Milestones as set forth in the Project Schedule set forth in Exhibit D.
(b) JetFax agrees to provide to Xerox, upon request, audited financial statements for the JetFax accounting year of 1993 as well as quarterly financial statements (audited if available) for each accounting quarter of 1994 and 1995 (prior to the date of Acceptance). Any and all such information provided to Xerox shall be deemed Confidential Information subject to the provisions of the CDA as defined in Section 8.1.
(c) In the event that JetFax fails to meet any of the last three (3) Milestone Dates set forth in the Project Schedule by more than fifteen (15) calendar days and such failure is due primarily to the fault of JetFax, the amount of the incremental advance royalty payment corresponding to such missed Milestone Date shall be reduced by [*].
Advance Royalty. Within thirty (30) days of the First Commercial Sale, as an advance on future royalties, Sublicensee shall pay Sublicensor *** ("Advance Royalty Payment"). All royalties owed by Sublicensee to Sublicensor in accordance with this Section 3.3 shall be credited against the Advance Royalty Payment until the total amount of all royalties owed exceeds such Advance Royalty Payment. In the event of the termination of this Agreement in accordance with Sections 12.1 or 12.2 hereof, Sublicensor shall remit to Sublicensee within thirty (30) days of the effective date of such termination any uncredited amount of the Advance Royalty Payment.
Advance Royalty. All payments made by Tectonic under SECTION 2.1(a) after the later of (a) the end of the seventh Lease Year, or (b) the delivery of a Feasibility Study shall constitute advance royalty payments. Advance royalties may be recouped and deducted by Tectonic from fifty percent (50%) of any production royalty payable under this Lease until all advance royalty payments are fully recouped.
Advance Royalty. Lessee has this day paid to Lessor the sum of $2,400 (the "Advance Royalty Payment"), in the form of a draft payable to the order of Lessor as an advance against production royalties which may hereafter become due during the term hereof. Annually hereafter, Lessee, on or before the anniversary date of this Lease, shall pay or tender to Lessor an Advance Royalty Payment of $2,400 for that part of the Leased Premises which Lessee elects to hold hereunder. All Advance Royalty Payments shall be cumulative in nature, and Lessee shall be entitled to take credit for each such payment against the Production Royalty payable to Lessor hereunder.
Advance Royalty. MRS shall pay Lessor an advance royalty, except as otherwise provided herein and subject to termination under Paragraphs 14 and 15, of $ per acre upon the execution of this Lease, being ----- the consideration mentioned hereinbefore, and a like amount per acre on or before the first and second anniversaries of this Lease for each acre then held under this Lease; $ per acre on or before the third, fourth and ------ fifth anniversaries of this Lease for each acre then held under this Lease; and $ per acre on or before the sixth anniversary of ------ this Lease for each acre then held under this Lease, and a like amount per acre on or before each subsequent anniversary of this Lease for each acre then held under this Lease. All advance royalties paid under the terms of this Paragraph 6 shall be a credit against production royalty payments due or thereafter becoming due under Paragraph 7 below.
Advance Royalty. Licensee shall pay to Licensor a non-refundable fully recoupable advance against Royalties otherwise payable hereunder in the amount of Four Million Dollars (USD) ($4,000,000.00) (the “Advance Royalty”). The Advance Royalty shall be paid to Licensor within 5 (five) business days after signature of this License. The Advance Royalty shall accrue interest at a yearly rate of fifteen percent (15%) throughout the Term (the Advance Royalty, as increased by interest, compounded annually, the “Cumulative Advance Amount”). The Cumulative Advance Amount shall be fully recoupable by Licensee from Royalties earned by and otherwise due to Licensor as per this License. Notwithstanding anything to the contrary set forth herein, the Licensor shall be required to repay any unrecouped portion of the Cumulative Advance Payment as part of the Liquidated Damages (as such term is defined in Section 21).
Advance Royalty. Unless and until this Lease expires or is sooner terminated, and commencing on the date of execution of the Lease, AngloGold shall pay to the TLO on or before the first day of each Lease Year during the term of this Lease an advance royalty payment in accordance with the following schedule:
i) Lease Years 1-3: $5 per acre per year
ii) Lease Years 4-6: $15 per acre per year
iii) Lease Years 7-9: $25 per acre per year The obligation of AngloGold to make the Advance Minimum Royalty (AMR) payments shall cease upon the earlier of (i) the commencement of production royalty payments or (ii) the termination or expiration of the Lease. In the event that commercial production begins but is later suspended, AngloGold may extend the Lease by paying [***]*. In the event that production is not occurring by the end of the third term, the Lease may be extended by paying a flat annual fee of 125% of the last rate paid for Advanced Minimum Royalties, unless AngloGold is not diligently pursuing development of the Lease, in which case the Lease can be terminated at the TLO's discretion. The fee will be credited against future royalty payments.
Advance Royalty. (a) In consideration for certain of the Services to be performed by JetFax hereunder, Xerox has heretofore paid to JetFax the sum of [*]. Such sum shall be treated by the parties as payment by Xerox to JetFax for the Services performed by JetFax with respect to the Product connectivity option as described in the Specifications.
(b) In further consideration for certain of the Services to be performed by JetFax hereunder, Xerox agrees to pay to JetFax a nonrefundable advance royalty payment of [*], payable as follows: CONFIDENTIAL TREATMENT REQUESTED = [*] The sum of [*] heretofore paid by Xerox to JetFax. The sum of [*] to be paid by Xerox in those increments as set forth in the Milestone Schedule of Exhibit A-2, the payment associated on Exhibit A-2 with each such Milestone to be made to JetFax upon the successful completion of the specified Milestone.
(c) JetFax agrees to provide to Xerox, upon request, audited financial statements for the JetFax accounting year of 1992 as well as quarterly financial statements (audited if available) for each accounting quarter of 1993 and 1994. In addition, JetFax shall provide Xerox, upon request, detailed manpower and cost plans for the development effort. Any and all such information provided to Xerox is subject to the CDA defined in Section 8.1 of this Agreement.
