Method of Making Payments. All payments required hereunder may be mailed or delivered to any single depository as Grantor may instruct. The Grantee will have no responsibility as to the division of the Royalty payments among parties constituting the Grantor and if the Grantee makes a payment or payments on account of the Royalty in accordance with the provisions of this instrument, it will have no further responsibility for distribution of the Royalty. All charges of the agent, trustee or depository will be borne solely by the parties receiving payments of Royalty. The delivery or the deposit in the mail of any payment hereunder on or before the due date thereof shall be deemed timely payment hereunder.
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Samples: Mineral Lease and Option to Purchase (Bullfrog Gold Corp.), Option to Purchase and Royalty Agreement (Bullfrog Gold Corp.)
Method of Making Payments. All payments required hereunder may be mailed or delivered to any single depository as Grantor may instruct. The Grantee will have no responsibility as to the division of the Royalty payments among parties constituting the Grantor and if the Grantee makes a payment or payments on account of the Royalty in accordance with the provisions of this instrument, it will have no further responsibility for distribution of the Royalty. All charges of the agent, trustee or depository will be borne solely by the parties receiving payments of Royalty. The delivery or the deposit in the mail of any payment hereunder on or before the due date thereof shall be deemed timely payment hereunder. At Grantor’s option, royalties for gold and silver shall be made in cash or in kind, based on the average prevailing market prices during each quarter having production.
Appears in 2 contracts
Samples: Option Agreement (Bullfrog Gold Corp.), Option to Purchase and Royalty Agreement (Bullfrog Gold Corp.)
Method of Making Payments. All payments required hereunder may be mailed or delivered to any single depository as Grantor Grantors may instruct. The Grantee will have no responsibility as to the division of the Royalty payments among parties constituting the Grantor Grantors and if the Grantee makes a payment or payments on account of the Royalty in accordance with the provisions of this instrument, it will have no further responsibility for distribution of the Royalty. All charges of the agent, trustee or depository will be borne solely by the parties receiving payments of Royalty. The delivery or the deposit in the mail of any payment hereunder on or before the due date thereof shall be deemed timely payment hereunder.
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