Common use of Payment of Net Clause in Contracts

Payment of Net. Smelter Returns by the Purchaser to the Vendor shall be made semi-annually within 60 days after the end of each fiscal half year of the Purchaser and shall be accompanied by unaudited financial statements pertaining to the operations carried out by the Purchaser on the Claims. Within 90 days after the end of each fiscal year of the Purchaser in which Net Smelter Returns are payable to the Vendor, the records relating to the calculation of Net Smelter Returns for such year shall be audited and any resulting adjustments in the payment of Net Smelter Returns payable to the Vendor shall be made forthwith. A copy of the said audit shall be delivered to the Vendor within 30 days of the end of such 90-day period.

Payment of Net. Smelter Returns by the Purchaser Payor to the Vendor Owner shall be made semi-annually within 60 days after the end of each fiscal half year of the Purchaser Payor and shall be accompanied by unaudited financial statements pertaining to the operations carried out by the Purchaser Payor on the ClaimsProperty. Within 90 days after the end of each fiscal year of the Purchaser Payor in which Net Smelter Returns are payable to the VendorOwner, the records relating to the calculation of Net Smelter Returns for such year shall be audited and any resulting adjustments in the payment of Net Smelter Returns payable to the Vendor Owner shall be made forthwith. A copy of the said audit shall be delivered to the Vendor Owner within 30 days of the end of such 90-day period.

Payment of Net. Smelter Returns by the Purchaser to the Vendor shall be made semi-annually annully within 60 days after the end of fo each fiscal half year of the Purchaser Purcahser and shall be accompanied by unaudited financial statements statement pertaining to the operations carried out by the Purchaser on the Claims. Within 90 days after the end of each fiscal year of the Purchaser in which Net Smelter Returns are payable to the Vendor, the records relating to the calculation of Net Smelter Returns for such year shall be audited and any resulting adjustments in the payment of Net Smelter Returns payable to the Vendor Vnedor shall be made forthwith. A copy of the said audit shall be delivered to the Vendor vendor within 30 days of the end of such 90-90 day period.