Payment for Coal Mined. For all coal mined and sold by Lessee from the Premises, Lessee shall pay to Lessor a Production Royalty Payment in an amount equal to seven percent (7%) of the Sales Price (as hereinafter defined) received by Lessee. In addition to the foregoing, Lessee shall pay any royalties due for coal leased (not owned in fee) by Lessor. The aforementioned payments shall be defined herein as
Appears in 7 contracts
Sources: Coal Mining Lease and Sublease (Armstrong Coal Company, Inc.), Coal Mining Lease and Sublease (Armstrong Energy, Inc.), Coal Mining Lease and Sublease (Armstrong Resource Partners, L.P.)
Payment for Coal Mined. For all coal mined and sold by Lessee from the Premises, Lessee shall pay to Lessor a Production Royalty Payment in an amount equal to seven percent (7%) of the Sales Price (as hereinafter defined) received by Lessee. In addition to the foregoing, Lessee shall pay any royalties due for coal leased (not owned in fee) by Lessor. The aforementioned payments shall be defined herein asas the “Production Royalty Payments” for all purposes of this Lease.
Appears in 6 contracts
Sources: Option Amendment, Option Exercise and Membership Interest Purchase Agreement (Armstrong Coal Company, Inc.), Option Amendment, Option Exercise and Membership Interest Purchase Agreement (Armstrong Energy, Inc.), Option Amendment, Option Exercise and Membership Interest Purchase Agreement (Armstrong Resource Partners, L.P.)