Annual Payments. In order to maintain this Agreement in effect, GOLD STANDARD shall, so long as this Agreement shall remain in effect, pay to Owner subsequent AMR payments on the anniversary of the Effective Date of this Agreement, commencing on the first anniversary as follows: Due Date AMR payment amount due First and Second Anniversaries $17.50 per acre Third and Fourth Anniversaries $21.00 per acre Fifth and Sixth Anniversaries $24.50 per acre Seventh and subsequent Anniversaries As long as this Agreement remains in effect $28.00 per acre Acreage is based upon net mineral acres owned and leased at the time the payment is due (subject to Article 5(b) below).
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Samples: Mining Lease and Agreement (Gold Standard Ventures Corp.), Mining Lease and Agreement (Gold Standard Ventures Corp.), Mining Lease and Agreement (Gold Standard Ventures Corp.)
Annual Payments. In order to maintain this Agreement in effect, GOLD STANDARD Spartan shall, so long as this Agreement shall remain in effect, pay to Owner subsequent AMR payments on the anniversary of the Effective Date of this Agreement, commencing on the first anniversary as follows: Due Date AMR payment amount due First and Second Anniversaries $17.50 per acre Third and Fourth Anniversaries $21.00 per acre Fifth and Sixth Anniversaries $24.50 per acre Seventh and subsequent Anniversaries As long as this Agreement remains in effect $28.00 per acre acre. Acreage is based upon 100% net mineral acres owned and leased by Owner at the time the payment is due (subject to Article 5(b5.1(b) below).
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