NSR ROYALTY. 5.1 The Optionee pay to the Optionor a royalty (the “NSR Royalty” ) equal to a 1% percent in aggregate of Net Smelter Returns (as defined in Subsection 1.1), subject to §5.4 of this Agreement. This NSR Royalty will be payable for so long as the Optionee and/or its successors and assigns hold any interest in the Leases.
NSR ROYALTY. The NSR Royalty payable to Optionor (the “Payee”) pursuant to Section 3 of the Agreement will be paid by Optionee or Optionee’s Company (together the “Payor”) in accordance with the terms of this Schedule B.
NSR ROYALTY. In addition, Lessee shall pay to Lessor a royalty at the rate of 3% of the Net Smelter Returns from the Properties (the “Initial NSR Royalty”). After the first anniversary of Lessee commencing mining operations, the Initial NSR Royalty shall be reduced to 1.5% of the Net Smelter Returns from the Properties (the “Subsequent NSR Royalty”). The Initial NSR Royalty and Subsequent NSR Royalty shall be paid no later than 30 days after the end of each calendar quarter in which Products have been sold. To be clear, this Initial NSR Royalty and Subsequent NSR Royalty is in addition to any royalties required by the third party leases, or other royalties that are recorded with the titles to any of the Properties. Lessee will be responsible for timely paying all such third party royalties directly.
NSR ROYALTY. In consideration for the transfer and sale of the Property by the Seller to the Purchaser, the Seller shall be entitled to receive a royalty (the “NSR Royalty”) of two percent (2%) of the Net Smelter Returns (as defined in Schedule “B” hereto) derived from the Property following the commencement of Commercial Production thereon, which NSR Royalty shall be inclusive of any other royalties payable with respect to the Property (including, without limitation, the Prior Royalties). With respect only to the initial 250,000 ounces produced on the Property (the “Initial Production”), the dollar amount of the NSR Royalty applicable thereto shall be increased if the average end of day price of gold for the twelve (12) month period immediately preceding the sale of the Initial Production as quoted on the New York Mercantile Exchange (COMEX) (the “Gold Price”) is equal to or greater than US $500/oz, the increase being calculated as follows:
NSR ROYALTY. 4.1. Subject to paragraph 4.2 the Optionor shall retain a 2V2% NSR in respect to the Property.
NSR ROYALTY. 11.1 Subject to Subsection 7.1(b)(ii), the Optionee will pay to the Optionor a royalty equal to a one and one-half percent (1.5%) in aggregate net smelter returns royalty (as defined in Subsection 1.1), subject to Subsection 11.4 of this Agreement.
NSR ROYALTY. 3.1 SDCI hereby grants, sells, assigns, transfers and conveys and agrees to pay to the Beneficiaries in accordance with their Proportional Share an aggregate royalty of 1.00% on all Minerals (other than Diamonds) that are produced from the Property from and including the date on which a Royalty Triggering Event occurs, such royalty shall be determined as set out in Section 3.2 (the "NSR Royalty").
NSR ROYALTY. 7. On commencement of Commercial Production from the Property, the Purchaser will pay to the Vendors the NSR Royalty, on the terms described in Schedule B attached hereto.
NSR ROYALTY. (b) From 02 of June of 2016, up to date of press release announcing final commissioning of the Ollachea Mining Project, THE CLIENT be able to exercise its claw-back right paying in favour of THE ADVISOR the sum of USD 6,180,000.00 (Six Million One Hundred Eighty Thousand with 00/100 American Dollars), without including VAT, for every percentage unit (1%) of the NSR Royalties that will require to purchase. If THE CLIENT needs to acquire a percentage of less than a percentage unit (1%) of the NSR Royalty, the amount of the consideration will be reduced to a number that corresponds proportionately to the percentage of NSR effectively purchased by the customer. It is stated that that the minimum percentage of claw- back is half a percentage point (0.5
NSR ROYALTY. The Parties agree that if THE ADVISOR receives a steady and guaranteed offer by a third party to purchase the NSR Royalty established on this Agreement, THE CLIENT will be able to may subrogate to the position of the Offeror, paying the same price in the conditions offered. THE CLIENT shall have ninety (90) working days, starting from the date of reception by THE CLIENT of a notarized letter attaching a copy of the Offer Terms of the purchase of the NSR Royalty, to match the offer and pay the corresponding amount to secure the NSR. The Parties agree that the claw-back right established in the this numeral
