Net Smelter Royalty. 3.1 A Net Smelter Returns Royalty in the aggregate amount of 3% (the "NSR Royalty") is payable to the Optionors on all base, rare earth elements and precious metals, as more particularly described in Schedule B to this Agreement.
Net Smelter Royalty. As of the Commencement of Commercial Production, the Owner shall pay to the Royalty Owner two percent (2.0%) of Net Smelter Returns (the "Net Smelter Returns Royalty").
Net Smelter Royalty. The transfer of the Mineral Rights by the Optionors is subject to the Optionors retaining a 2.5% Net Smelter Royalty with respect to the production from the Claims having the following attributes:
Net Smelter Royalty. 18.1 The Vendors shall jointly retain 2% net smelter returns royalty on the Property, one half to GG and one half to 9248-7792 Quebec. “Net Smelter Returns Royalty” will be defined as set out in Schedule C hereto.
Net Smelter Royalty. The Company agrees to pay to the Optionor a net smelter returns royalty (the “NSR”) as follows:
Net Smelter Royalty. Optionor shall retain a Net Smelter Royalty (“NSR”) in the entire area of the claims including any additional claims obtained in the Area of Mutual Interest. The NSR is more specifically defined in Section 8 below.
Net Smelter Royalty. BUYER shall grant to Speebo a 2.0% net smelter royalty on all production from the Acquisition Lands, in accordance with the terms and conditions set out in Schedule "B" hereto.
Net Smelter Royalty. Magnus will retain a net smelter royalty (NSR) of 2% should any area within the Area of Interest as described in Exhibit A become a mine.
Net Smelter Royalty. 13.1 The Net Smelter Royalty resulting from the application of Article 8 shall consist of two percent (2%) of the net proceeds which will be paid to the holder of the Net Smelter Royalty (the “Royalty Holder”) from the sale by the other party (the “Royalty Obligor”) of minerals mined and removed from the Mineral Dispositions after the Commencement of Commercial Production, including any premiums, subsidies or bonuses received from the departmental or federal government for production to the extent that the same may be legally included, but after deduction of all reasonable costs, charges and expenses to the Royalty Holder, both direct and indirect, including the following:
Net Smelter Royalty. 3.1 The Claims are subject only to a 1.5% Net Smelter Return ("NSR"), to the Vendors provided that the Purchaser shall have the right to purchase 0.75% NSR for $1,000,000 at any time up to commencement of production.
