Ownership of Royalty Sample Clauses

Ownership of Royalty. Seller owns the undivided one hundred percent (100%) interest in and to the Royalty, including without limitation all rights to receive payment of three percent of Net Smelter Returns (as such term is defined in the Royalty Agreement), subject to the terms and conditions of, and payable pursuant to, the Royalty Agreement.
Sample 1
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Ownership of Royalty. If the Deemed Purchase under Section 7.2 is made prior to TRC’s exercise of its Option and a subsequent Closing under Section 7.3, then, following such Deemed Purchase and prior to TRC’s exercise of its Option and the subsequent Closing under Section 7.3, the Royalty accruing under this Agreement shall be owned and paid as follows with respect to all of the Property except the Initial Claim Groups comprising the Property as to which TRC’s Option (defined in Section 7.3) has been exercised: Owner: two percent (2%) of Net Smelter Returns TRC: one percent (1%) of Net Smelter Returns. If a Closing under Section 7.3 occurs prior to a Deemed Purchase under Section 7.2, then, following such Closing, the Royalty accruing under this Agreement shall be owned and paid as follows with respect to those Initial Claim Groups as to which TRC’s Option has been exercised: Owner: two percent (2%) of Net Smelter Returns TRC: one percent (1%) of Net Smelter Returns. If a Closing occurs under Section 7.3 after a Deemed Purchase under Section 7.2, then, following such Closing, the Royalty accruing under this Agreement shall be owned and paid as follows with respect to those Initial Claim Groups as to which TRC’s Option has been exercised: Owner: one percent (1%) of Net Smelter Returns TRC: two percent (2%) of Net Smelter Returns. If TRC shall be deemed, pursuant to Section 7.3A, to have exercised the Option as to all of the Additional Lands then or thereafter included in the Property and such deemed exercise occurs prior to a Deemed Purchase under Section 7.2 then, following such deemed exercise, the Royalty accruing under this Agreement shall be owned and paid as follows with respect to all of the Property: Owner: two percent (2%) of Net Smelter Returns TRC: one percent (1%) of Net Smelter Returns. If TRC shall be deemed, pursuant to Section 7.3A, to have exercised the Option as to all of the Additional Lands then or thereafter included in the Property and such deemed exercise occurs after a Deemed Purchase under Section 7.2, then, following such deemed exercise, the Royalty accruing under this Agreement shall be owned and paid as follows with respect to all of the Property: Owner: one percent (1%) of Net Smelter Returns TRC: two percent (2%) of Net Smelter Returns.
Sample 1

Related to Ownership of Royalty

  • Ownership of Rights 6. 1. Licensed Material remains the property of either Licensor or the relevant third party and any rights not explicitly granted herein are expressly reserved.

  • Ownership of Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

  • Ownership of Results Any interest of Contractor or its subcontractors, in the Deliverables, including any drawings, plans, specifications, blueprints, studies, reports, memoranda, computation sheets, computer files and media or other documents prepared by Contractor or its subcontractors for the purposes of this Agreement, shall become the property of and will be transmitted to City. However, unless expressly prohibited elsewhere in this Agreement, Contractor may retain and use copies for reference and as documentation of its experience and capabilities.

  • Ownership of Data All Data transmitted to the Operator pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Operator further acknowledges and agrees that all copies of such Data transmitted to the Operator, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Data contemplated per the Service Agreement shall remain the exclusive property of the LEA.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Works The Executive agrees to promptly disclose in writing to the Company all inventions, discoveries, developments, improvements and innovations (collectively referred to as “Inventions”) that the Executive has conceived or made during his employment with the Company; provided, however, that in this context, “Inventions” are limited to those which (i) relate in any manner to the existing or contemplated business or research activities of the Company and its affiliates; (ii) are suggested by or result from the Executive’s work at the Company; or (iii) result from the use of the time, materials or facilities of the Company and its affiliates. All Inventions will be the Company’s property rather than the Executive’s. Should the Company request it, the Executive agrees to sign any document that the Company may reasonably require to establish ownership in any Invention.

  • Ownership of Marks Each party acknowledges and agrees that (a) the other party's Marks are and shall remain the sole property of the other party, (b) nothing in the Agreement shall confer in a party any right of ownership or license rights in the other party's Marks, and (c) neither party shall register the other party's Marks in any jurisdiction. In addition, Licensee acknowledges and agrees that (i) the Marks of Third-Party Licensors are and shall remain the sole property of such Third- Party Licensors, (ii) nothing in the Agreement shall confer in Licensee any right of ownership or license rights in the Marks of Third-Party Licensors, and (iii) Licensee shall not register the Marks of Third-Party Licensors. Without limiting the generality of the foregoing, Licensee agrees not to use or adopt any trade name, trademark, logo or service mark which is so similar to Fannie Mae's Marks or the Marks of Third-Party Licensors as to be likely to cause deception or confusion, or which is graphically or phonetically similar to any of Fannie Mae's Marks or the Marks of Third-Party Licensors.

  • Ownership of Stock The Selling Shareholders own all of the issued and outstanding shares of capital stock of the Company, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Ownership of Materials All reports, documents or other materials developed or received by Consultant or any other person engaged directly by Consultant to perform the services required hereunder shall be and remain the property of City without restriction or limitation upon their use.

  • Ownership of Technology As between the Parties, each Party shall own and retain all right, title, and interest in and to any and all Inventions and Information that are conceived, discovered, developed, or otherwise made solely by or on behalf of such Party (or its Affiliates or Sublicensees) under or in connection with this Agreement, whether or not patented or patentable, and any and all Patents and other intellectual property rights with respect thereto.

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