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").
Appears in 5 contracts
Samples: Farmout Agreement (Energen Resources, Inc.), Acquisition Agreement (Secured Resources Corp.), Acquisition Agreement (North Bay Resources Inc)
