Grant of Net Smelter Returns Royalty Sample Clauses

Grant of Net Smelter Returns Royalty. 3.1 Following Commencement of Commercial Production, SALCO shall pay Gareste a royalty of two percent (2.0%) of proceeds from the sale of the Mineral Products less Allowable Deductions as received by SALCO from a smelter, refinery, purchaser or other place of treatment (the “Net Smelter Returns Royalty”).
Sample 1
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Grant of Net Smelter Returns Royalty. After the Option is exercised, if Xxxxxx or Falconbridge becomes the owner of a 100% interest in the Property under this Agreement (the "Property Owner"), the Property Owner shall grant and pay annually to the other Party (the "Royalty Holder"), if and when the Property or any part thereof is put into Commercial Production by the Property Owner, a 1% Net Smelter Returns royalty derived from Mining Operations conducted by the Property Owner (the "Royalty"). The Royalty shall be calculated and paid in accordance with this section 10.1 and Schedule D.
Sample 1
Grant of Net Smelter Returns Royalty. If a Party’s interest in a Joint Venture dilutes to less than 10% in accordance with the provisions of Schedule "C", such that either Knight or AAEC becomes the owner (the "Owner") of a 100% interest in any Mining Claims within the Exploration Area (a "Wholly Owned Property") under this Agreement, the Owner shall grant and pay to the other Party (the "Royalty Holder"), if and when a Wholly Owned Property or any part thereof is put into Commercial Production by the Owner, a one (1%) percent Royalty on Net Smelter Returns derived from Mining Operations conducted by the Owner for such Wholly Owned Property (the "Royalty"). The Royalty shall be calculated and paid in accordance with this Section 9.1 and Schedule "D".
Sample 1
Grant of Net Smelter Returns Royalty. After the Option is exercised, if Xxxxxx or Falconbridge becomes the owner of a 100% interest in the Property under this Agreement (the "Property Owner"), the Property Owner shall grant and pay annually to the other party (the "Royalty Holder"), if and when the Property or any part thereof is put into Commercial Production by the Property Owner, a 1.0% Net Smelter Returns royalty derived from Mining Operations conducted by the Property Owner (the "Royalty"). The Royalty shall be calculated and paid in accordance with this section 9.1 and Schedule D. For greater certainty, unless expressly stated in any NTI agreement refer to in 12.2, the Royalty shall only apply to a Party’s Participating Interest in the Property and not to any interest held by NTI. Furthermore any royalty payable to NTI shall be a deduction from any Royalty payment hereunder.
Sample 1

Related to Grant of Net Smelter Returns Royalty

  • One Royalty No more than one royalty payment shall be due with respect to a sale of a particular Licensed Product. No multiple royalties shall be payable because any Licensed Product, or its manufacture, sale or use is covered by more than one Valid Claim.

  • Running Royalties Company shall pay to JHU a running royalty as set forth in Exhibit A, for each LICENSED PRODUCT(S) sold, and for each LICENSED SERVICE(S) provided, by Company or AFFILIATED COMPANIES, based on NET SALES and NET SERVICE REVENUES for the term of this Agreement. Such payments shall be made quarterly. All non-US taxes related to LICENSED PRODUCT(S) or LICENSED SERVICE(S) sold under this Agreement shall be paid by Company and shall not be deducted from royalty or other payments due to JHU. In order to insure JHU the full royalty payments contemplated hereunder, Company agrees that in the event any LICENSED PRODUCT(S) shall be sold to an AFFILIATED COMPANY or SUBLICENSEE(S) or to a corporation, firm or association with which Company shall have any agreement, understanding or arrangement with respect to consideration (such as, among other things, an option to purchase stock or actual stock ownership, or an arrangement involving division of profits or special rebates or allowances) the royalties to be paid hereunder for such LICENSED PRODUCT(S) shall be based upon the greater of: 1) the net selling price (per NET SALES) at which the purchaser of LICENSED PRODUCT(S) resells such product to the end user, 2) the NET SERVICE REVENUES received from using the LICENSED PRODUCT(S) in providing a service, or 3) the net selling price (per NET SALES) of LICENSED PRODUCT(S) paid by the purchaser. No multiple royalties shall be due or payable because any LICENSED PRODUCT(S) or LICENSED SERVICE(S) is covered by more than one claim of the PATENT RIGHTS or by claims of both the PATENT RIGHTS under this Agreement and “PATENT RIGHTS” under any other license agreement between Company and JHU. The royalty shall not be cumulative based on the number of patents or claims covering a product or service, but rather shall be capped at the rate set forth in Exhibit A.

  • Know-How Royalty Notwithstanding the provisions of Section 5.4.1(a), in countries where the sale of Product by Merck or its Related Parties would not infringe a Valid Patent Claim, Merck shall pay royalty rates that shall be set at [***] of the applicable royalty rate determined according to Section 5.4.1(a). Such royalties shall be calculated after first calculating royalties under Section 5.4.1(a).

  • Production Royalty The amount of the Royalty shall be determined at the end of each month after the Effective Date. The Royalty shall be determined monthly on the basis such that payments will be determined as of and paid within thirty (30) days after the last day of each month during which Lessee produces any Geothermal Resources. The Royalty rates shall be determined as follows:

  • Single Royalty Notwithstanding anything herein to the contrary, with respect to any Licensed Product only a single royalty payment shall be due and payable, regardless if such Licensed Product is covered by more than one Valid Patent Claim or contains more than one component Covered by a Valid Patent Claim.

  • Earned Royalty In addition, Alnylam will pay Stanford earned royalties on Net Sales as follows:

  • Royalty 8.1 In consideration of the rights granted under clause 2, the Licensee shall pay to the Licensor royalties, on each twelve month time period, first calculated from the date of execution of this Agreement, and calculated on a scale as follows:

  • Earned Royalties Subject to of Article 7 hereof, Licensee shall pay to Licensor for the rights granted hereunder a sum equal to one and [*****] of the Net Invoice Value of Trademarked Products Sold by Licensee (the "Royalties"). The Royalties shall be remitted in accordance with Section 7.4 of this Agreement. 6.2

  • Royalty Payments (i) Royalties shall accrue when Licensed Products are invoiced, or if not invoiced, when delivered to a third party or Affiliate.

  • Payment of Royalties To the best of Seller’s knowledge, all royalties and in-lieu royalties with respect to the Assets which accrued or are attributable to the period prior to the Effective Time have been properly and fully paid, or are included within the suspense amounts being conveyed to Buyer pursuant to Section 11.4.

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