Grant of Royalty. For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Grantors grant, sell, assign and convey to Grantee, its successors and assigns, forever, a Net Smelter Returns Royalty equal to 1.5% of Net Smelter Returns (the “Royalty Percentage”), as hereinafter defined and computed, for all gold produced from the Properties after production of the Threshold Amount (the “Royalty”).
Grant of Royalty a. In accordance with the terms and conditions of the Original Agreement as amended by the First Amendment and this Royalty Agreement the Company has granted, sold and conveyed and by these presents does grant, sell and convey unto Karlsson (i) an undivided two percent (2%) of one hundred percent (100%) of the Gross Sales of all Authorized Minerals sold by the Company from the Apache Lands plus (ii) an amount equal to twenty-five percent (25%) of all amounts received by the Company from HNZ pursuant to the Agreement dated April 23, 2012 by and between HNZ and AWP (the “HNZ Royalties”), a copy of which is attached to the Original Agreement (collectively, the “Royalty”).
Grant of Royalty. The Grantor does hereby grant the Royalty to the Grantee in perpetuity, subject to the terms and conditions of this Agreement. The Royalty shall run with the Property, and shall be registered by the Grantee against title to the Property.
Grant of Royalty. For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Grantors grant, sell, assign and convey to Grantee, its successors and assigns, forever, (a) a Net Smelter Returns Royalty equal to 1.5% of Net Smelter Returns (the “Royalty Percentage”), as hereinafter defined and computed, for all gold produced from the Properties after production of the Gold Threshold Amount (the “Gold Royalty”), and (b) a separate and independent Net Smelter Returns Royalty equal to the Royalty Percentage, as hereinafter defined and computed, for all copper produced from the Properties after production of the Copper Threshold Amount (the “Copper Royalty”). For purposes of this Deed, the Gold Royalty and the Copper Royalty are collectively referred to as the “Royalties” and each is referred to as a “Royalty”.
Grant of Royalty. 2.1. Payor hereby grants and agrees to pay to Payee a royalty (the “NSR Royalty”) in perpetuity equal to two percent (2.0%) of the Net Smelter Returns.
Grant of Royalty. The Company will grant Employee a one (1%) percent net smelter return royalty (“NSR”) for all prospects generated by Employee and which are acquired by staking for the Company, exclusive of the CVN, HC and RC properties. The Company will grant Employee a one-half (1/2%) percent NSR for all prospects generated by Employee which are subsequently leased by the Company, provided that (i) such lease Carries a total maximum NSR of four (4%) percent (inclusive of the one-half (1/2%) percent royalty to Employee), and (ii) such lease does not adjoin claim from which Employee is otherwise entitled to receive participation in an NSR. The Company will have the right to purchase such one-half (1/2%) percent NSR respecting leased prospects for $250,000.
Grant of Royalty a. In accordance with the terms and conditions of the Original Agreement as amended by this Royalty Agreement the Company has granted, sold and conveyed and by these presents does grant, sell and convey unto Karlsson the following royalties and overriding royalties (collectively, the “Royalty”) (i) an undivided three percent (3%) of one hundred percent (100%) of the Gross Sales of all Authorized Minerals sold by the Company from the AWP Area plus (ii) an amount equal to twenty-five percent (25%) of all amounts received by the Company from HNZ pursuant to the Agreement dated April 23, 2012 by and between HNZ and the Company (the “HNZ Royalties”), a memorandum of which is recorded as Document #2012-002323 of the records of Apache County, Arizona.
Grant of Royalty. 3.1 Subject to payment of the Initial Payment, the Owner does hereby grant to the Royalty Holder an ORRI in respect of all Petroleum produced from the Lands by authority of the Exploration Permit which is attributable to the Permit Interest on the terms of this Deed.
Grant of Royalty. For the consideration set out in the Share Sale Agreement and subject to clause 1.4, MFCB agrees, subject to the terms and conditions in this Deed, to pay the Royalty to NLS provided that nothing herein shall obligate or be deemed to obligate MFCB or any of its Affiliates (including after Completion Banff and/or KCCL) to conduct or maintain any level of operation at the Mining Operations.
Grant of Royalty. Grantor shall pay to Grantee a perpetual production royalty (the “Royalty”) equal to two and one-half percent (2.50%) (the “Royalty Percentage”) of Net Smelter Returns from the sale or other disposition of all Royalty Gold from the properties described on attached Schedule A (the “Properties”), determined in accordance with the provisions of this Agreement. “Royalty Gold” shall mean (i) all gold mined via underground mining methods from the Properties, regardless of ore gold grade, and (ii) all gold that is mined via open pit mining methods from the Properties situated below the Projected Final Pit Shells and is contained in ore with an in-situ gold grade of at least 0.1166 xxxx ounces per ton of ore, as determined in accordance with sound mining and metallurgical accounting practices consistent with those required in Section 1.6 for commingling.
