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.
3.2 The Optionee may purchase the first 1% of the NSR Royalty for $750,000. The Optionee may purchase the remaining 2% of the NSR Royalty for an additional $1,000,000.
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. 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.
18.2 The Vendors grant to the Purchaser the option (the “NSR Call Option”) to purchase from the Vendors, at any time after the date of this Agreement, all of the right, title and interest of the Vendors in and to one-half (being 1% percent) of the Royalty, for a total consideration of $1,000,000 (the “NSR Call Option Price”). The Purchaser may exercise the NSR Call Option at any time during the period commencing on the date of this Agreement and ending on the day which is 20 years after the date of this Agreement, by delivering notice to that effect to the Vendors. The closing of purchase and sale will occur on the 61st day following the date of receipt of such notice and, on closing, the Purchaser will deliver a certified cheque or bank draft in payment of the full NSR Call Option Price and the Vendors will, at the expense of the Purchaser, do or cause to be done all such acts, execute and deliver all such instruments, deeds or agreements and give all such further assurances as may be reasonably necessary to give effect to the exercise of the NSR Call Option and the transfer to the Purchaser of all of the right, title and interest of the Vendors in and to one-half, being one percent (1%), of the Royalty.
18.3 From and after the exercise of the NSR Call Option, the NS Royalty reserved in this Agreement to the Vendors will be reduced to one percent (1%) and the Purchaser will pay such reduced NS Royalty to the Owners.
Net Smelter Royalty. The Company agrees to pay to the Optionor a net smelter returns royalty (the “NSR”) as follows:
Net Smelter Royalty. The 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. The transfer of the Mineral Rights by the Optionor is subject to the Optionor retaining a 2.5% Net Smelter Royalty with respect to the production from the Claims having the following attributes:
(a) the terms and conditions of the Net Smelter Royalty shall be as set forth in schedule B hereto;
(b) the Optionee shall have the right to repurchase sixty percent of the Net Smelter Royalty (1.5%) for $1,500,000 at any time prior to the first anniversary date of the commencement of commercial production on the Claims; and
(c) the Optionee shall be obligated to pay advances on the Net Smelter Royalty of $5,000 per annum, payable as to $2,500 on August 1 and February 1 of each year commencing August 1, 2013 which amounts, for greater certainty shall serve to reduce any amounts otherwise payable on account of the Net Smelter Royalty.
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. 7.1 The Optionor shall retain a one-half-of-one percent (0.5%) NSR in respect of production from the Rattlesnake Hills Property, and the Optionee shall have the right to buy back one half of the royalty representing 0.25% of the NSR for $375,000 at the sole and exclusive option of the Optionee (the “Golden Predator Royalty”), as more particularly described in Schedule “B”.
Net Smelter Royalty. As further consideration after the Property is placed in production, Buyer shall direct to Seller a monthly Net Smelter Royalty of Two and 00/100 Per Cent (2.00%) upon all gold, silver, copper, or other metals (the metals) produced and sold from the Property. Each royalty payment shall be paid not later than thirty (30) days following the last day of the month in which the metals were produced and sold.
