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”).
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Samples: Limited Liability Company Agreement (Barrick Gold Corp), Limited Liability Company Agreement (Newmont Goldcorp Corp /De/), Limited Liability Company Agreement
Grant of Royalty. For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Grantors grantGrantor grants, sellsells, assign assigns and convey conveys to Grantee, its successors and assigns, forever, Grantee a Net Smelter Returns Royalty (the “Royalty”) equal to 1.52.0% of Net Smelter Returns (the “Royalty Percentage”)Returns, as hereinafter defined and computed, for with respect to all gold Products (as defined below) produced from the Properties after production achievement of the Threshold Amount (the “Royalty”as defined below).
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Grant of Royalty. For good and valuable consideration, the receipt and sufficiency of which are acknowledged by the Parties, Grantors grantGrantor grants, sellsells, assign assigns and convey conveys to Grantee, its successors and assigns, forever, Grantee a Net Smelter Returns Royalty (the “Royalty”) equal to 1.52.0% of Net Smelter Returns (the “Royalty Percentage”)Returns, as hereinafter defined and computed, for with respect to all gold Products (as defined below) produced from the Properties after production of the Threshold Amount (the “Royalty”)Properties.
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