For Copper. Net Smelter Returns for copper produced from the Royalty Property shall be equal to (i) the actual sales price received by Grantor from the sale of such copper (whether in concentrate or as cathode or other product) (“Copper”) to a smelter, refiner, processor, purchaser or other recipient of such copper during a calendar quarter, less (ii) the Allowable Deductions permitted in Section 5(b) below.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Newmont Goldcorp Corp /De/), Limited Liability Company Agreement (Barrick Gold Corp), Limited Liability Company Agreement
For Copper. Net Smelter Returns for copper produced from the Royalty Property shall be equal to (i) the actual sales price received by Grantor from the sale of such copper (whether in concentrate or as cathode or other productcathode) (“Copper”) to a smelter, refiner, processor, purchaser or other recipient of such copper Copper during a calendar quarter, less (ii) applicable the Allowable Deductions permitted in Section 5(b) below.
Appears in 2 contracts
Samples: Implementation Agreement (Barrick Gold Corp), Implementation Agreement (Newmont Mining Corp /De/)
For Copper. Net Smelter Returns for copper produced from the Royalty Property shall be equal to (i) the actual sales price received by Grantor from the sale of such copper (whether in concentrate or as cathode or other product) produced from the Royalty Property (“Copper”) to a smelter, refiner, processor, purchaser or other recipient of such copper during a calendar quartercopper, less (ii) the Allowable Deductions permitted in Section 5(b) below.
Appears in 2 contracts
Samples: Implementation Agreement (Barrick Gold Corp), Implementation Agreement (Newmont Mining Corp /De/)