Minimum Advance Royalty. The Minimum Advance Royalty shall be paid for so long as this Lease is in force and without regard to mining, production or sale of minerals on or from the claims. Lessee shall have no obligation to pay any Minimum Advance Royalty payments otherwise due if 1) Lessee terminates this Lease; or 2) if during the six (6) month period immediately preceding the date on which a Minimum Advance Royalty payment is otherwise due Lessee has paid to Lessor Production Royalty payments in an amount equal to or in excess of the Minimum Advance Royalty payment. All cumulative Minimum Advance Royalty payments paid by Lessee to Lessor under this Lease will be credited against any Production Royalty due Lessor under section B of this Article V and any Production Royalty due Lessor after purchase of the claims under Article XXVIII. Subject to the foregoing paragraphs of this section, Lessee shall pay to Lessor, as Minimum Advance Royalty payments, on or before the dates shown, the sums described below: Date Amount October 1, 2005 $10,000 October 1, 2006 $15,000 February 1, 2007, 2008, 2009, 2010 $15,000 October 1, 2007, 2008, 2009, 2010 $15,000 October 1, 2011 $50,000 February 1, 2011 $50,000 Minimum Advance Royalty payments due from October 1, 2012 through February 1, 2018 shall be $50,000.00 increased by the greater of 25% or the percentage increase in the producer price index for the six (6) calendar years ending December 31, 2011, the base index date being December 31, 2005. Minimum advance royalty payments due from October 1, 2018 through February 1, 2025 shall be the February 1, 2018 payment, increased by the greater of 25% or the percentage increase in the producer price index for the six calendar years ending December 31, 2017, the base index being December 31, 2011. Mining Lease Independence Gold Range 061705
Minimum Advance Royalty. Immediately upon commencement of production of the leased minerals from the leased premises, LESSEE shall pay in the same manner prescribed in Section 27 of this lease a sum of Dollars ($ ) as minimum advance royalty. This Section 4 shall not apply to the production of waste materials as defined in Section 13(g). The payment of the initial minimum advance royalty shall be considered timely if it is received by the COMMISSIONER, at Austin, on or before seven (7) days after the date of the initial commencement of production. Thereafter, this royalty is to be so paid and received on or before the anniversary date of this lease, in advance, for each lease year (as determined by the anniversary date of this lease) in which the leased minerals are produced from the leased premises. It is understood and agreed that this minimum advance royalty is due and payable for every year that the leased minerals are produced from the leased premises, regardless of the amount of actual production. Should LESSEE cease production and later re-commence production, then payment of a minimum advance royalty shall be due and payable immediately upon re- commencement of production in the same manner as if LESSEE were initially commencing production. However, should LESSEE so re-commence production within the same lease year for which a minimum advance royalty has already been properly paid to the COMMISSIONER, then a payment shall not be due upon the re- commencement but shall be due and payable thereafter by LESSEE in the manner described above on or before the anniversary date of this lease, in advance, for each lease year in which the leased minerals are produced from the leased premises. If applicable, a minimum advance royalty paid will be credited against the first royalty due as hereinafter provided for the leased minerals actually produced from the leased premises during the lease year for which such minimum advance royalty was paid.
Minimum Advance Royalty. During each year of the Term, DexCom will pay SMTLLC a minimum annual advance royalty ("Minimum Royalty") in the amounts below: Year Amount 2001 $ 80,000 2002 $ 76,000 2003 $ 76,000 2004 $ 101,000 2005 $ 116,000 Each year thereafter $ 116,000
Minimum Advance Royalty. Cobb xxx Hydro hereby agree that the Minimum Advance Royalty referred to in paragraph (i), page 2 of the Special Warranty Deed will be 2 credited against future production royalties after Alta acquires the property known as the Copper Flat Property. For purposes of this Royalty Deed, the Copper Flat Property shall be defined as the property described on Exhibit "A" attached hereto and incorporated herein by this reference. Alta agrees that if the Copper Flat Property is not in production within a period of five years from the date Alta acquires such Copper Flat Property, the Minimum Advance Royalty described in paragraph (i), page 2, of the Special Warranty Deed will no longer be credited against the future production royalties. In no event, however, will the future production royalty due Cobb/Xxxro be less than $150,000 in any year.
Minimum Advance Royalty. During each year of the Term, DexCom will pay SMTLLC a minimum annual advance royalty ("Minimum Royalty") in the amounts below: Year Amount 2001 [*****] 2002 [*****] 2003 [*****] 2004 [*****] 2005 [*****] Each year thereafter [*****]
Minimum Advance Royalty. Licensee agrees that notwithstanding the actual amount of sales of Licensed Product, so long as this Agreement is in effect and for the fiscal year beginning March 1, 2000, it shall be obligated to make a nonrefundable minimum payment to BMI ("Minimum Royalty") in the amount of Five Thousand Dollars ($5,000) for each month during the first fiscal year, with a total Minimum Royalty of One Hundred Thousand Dollars ($100,000) for the first fiscal year and for each month during fiscal year two through fiscal year ten, the amount of Ten Thousand Dollars ($10,000) for each month with a total Minimum Royalty of Two Hundred Twenty-Five Thousand Dollars ($225,000) for each fiscal year. Licensee shall also make an Advance Royalty payment in the amount of Ten Thousand Dollars ($10,000) payable on or before November 15, 1999 and Forty Thousand Dollars ($40,000) on March 1, 2000. All payments of Royalty pursuant to Section 4.1 will be credited against the Minimum Royalty, and visa versa. Once the prepaid minimum amount is reached, Royalty payments will be made in accordance with Section 4.1. The Advance Royalty will be credited against Royalty to be paid pursuant to Section 4.1 and the Minimum Royalty to be paid pursuant to Section 4.2.
