For Other Minerals. Net Smelter Returns, in the case of Other Minerals, shall be determined by multiplying (i) the Monthly Production by (ii) the average of the New York Commodities Exchange final daily spot prices for the preceding calendar month of the appropriate Other Mineral, and subtracting from the product of (i) and (ii) only the following if actually incurred:
Appears in 4 contracts
Samples: Royalty Purchase Agreement, Royalty Purchase Agreement (Dorato Resources Inc), Royalty Agreement (Dorato Resources Inc)
For Other Minerals. Net Smelter Returns, in the case of Other Minerals, shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production delivered to the Payor during the preceding calendar month by (ii) the average of the New York Commodities Exchange final daily spot prices for the preceding calendar month of the appropriate Other Mineral, and subtracting from the product of (i) and (ii) only the following if actually incurred:
Appears in 3 contracts
Samples: Sublease and Agreement (Liberty Silver Corp), Minerals Lease and Agreement (Homeland Precious Metals Corp.), Quincy Resources Inc
For Other Minerals. Net Smelter Returns, in the case of all Minerals other than Precious Metals and the beneficiated products thereof ("Other Minerals"), shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production delivered to the Payor during the preceding calendar month by (ii) the average of the New York Commodities Exchange final daily spot prices for the preceding calendar month of the appropriate Other Mineral, and subtracting from the product of (i) and (ii) only the following if actually incurred:
Appears in 1 contract
Samples: Agreement (Vista Gold Corp)
For Other Minerals. “Net Smelter Returns”, in the case of all Minerals other than Precious Metals and the beneficiated products thereof ("Other Minerals"), shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production and delivered to the Payor by (ii) the average of the New York Commodities Exchange final daily spot prices for the preceding calendar month of the appropriate Other MineralMineral for the Delivery Month, and subtracting from the product of (i) and (ii) only the following if actually incurred:
Appears in 1 contract
For Other Minerals. “Net Smelter Returns”, in the case of all Minerals other than Precious Metals and the beneficiated products thereof (“Other Minerals”), shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production and delivered to the Payor by (ii) the average of the New York Commodities Exchange final daily spot prices for the preceding calendar month of the appropriate Other MineralMineral for the Delivery Month, and subtracting from the product of (i) and (ii) only the following if actually incurred:
Appears in 1 contract
Samples: Option to Purchase Agreement (Aurelio Resource Corp)
