Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to hedging transactions by Operator shall be determined in the same manner as provided in Section 4.2, with the understanding that the average monthly spot price shall be for the calendar month during which Other Minerals subject to hedging transactions are delivered to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
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Samples: Royalty Purchase Agreement, Royalty Purchase Agreement (Dorato Resources Inc), Royalty Agreement (Dorato Resources Inc)
Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to hedging transactions by Operator Grantor shall be determined in the same manner as provided in Section 4.2Sections 2 and 3(b), with the understanding that the average monthly spot price shall be for the calendar month preceding the calendar month during which Other Minerals subject to hedging transactions are delivered shipped to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
Appears in 3 contracts
Samples: Sublease and Agreement (Liberty Silver Corp), Minerals Lease and Agreement (Homeland Precious Metals Corp.), Quincy Resources Inc
Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to hedging transactions Hedging Transactions by Operator GRANTOR shall be determined in the same manner as provided in Section 4.2section 1.4, with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Other Minerals subject to hedging transactions Hedging Transactions are delivered shipped by GRANTOR to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
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Affecting Other Minerals. The amount of Royalty to be paid on all Other Minerals subject to hedging transactions Hedging Transactions by Operator GRANTOR shall be determined in the same manner as provided in Section 4.2Subsection 1.4, with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Other Minerals subject to hedging transactions Hedging Transactions are delivered shipped by GRANTOR to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
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