Production Payments. As at the Effective Date, neither the Borrower nor any Material Subsidiary is a party to or otherwise bound by any Production Payment Transaction.
Production Payments. Except for the imbalance volumes and the contracts and arrangements listed in Schedule 7.9, Laramie is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of Hydrocarbons and containing a “take or pay,” advance payment or similar provision, gas balancing agreement or any other arrangement, to deliver any material amounts of Hydrocarbons without then or thereafter receiving full payment therefor, or to make payment for any material amounts of Hydrocarbons already produced and sold, in each case with respect to the Laramie Assets.
Production Payments. Except for the imbalance volumes listed in Schedule 9.9 and the contracts and arrangements listed in Exhibit D-6, Delta is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of Hydrocarbons and containing a “take or pay,” advance payment or similar provision, gas balancing agreement or any other arrangement, to deliver any material amounts of Hydrocarbons without then or thereafter receiving full payment therefor, or to make payment for any material amounts of Hydrocarbons already produced and sold, in each case with respect to the Delta Assets.
Production Payments royalties, dedication of reserves under supply agreements or similar rights or interests granted, taken subject to, or otherwise imposed on properties consistent with normal practices in the mining industry;
Production Payments. The Owner and Gentor further agree that all annual payments and any Net Smelter Return payments will be credited to the Purchase Price. The Net Smelter Return payable pursuant hereto shall remain in effect as long as there is production from the Premises.
Production Payments. Except for the imbalance volumes and the contracts and arrangements listed in Schedule 6.10, Seller is not obligated, by virtue of a production payment, prepayment arrangement under any contract for the sale of Hydrocarbons and containing a “take or pay”, advance payment or similar provision, gas balancing agreement or any other arrangement to deliver any material amounts of Hydrocarbons without then or thereafter receiving full payment therefor, or to make payment for any material amounts of Hydrocarbons already produced and sold.
Production Payments. The Owner and Gentor further agree that, when the project reaches production stage, all annual payments and/or Net Smelter Return Royalty payments will be credited to the purchase price. The Owner's Two Percent 2% Net Smelter Return Royalty shall stay in effect as long as there is production from the Premises.
Production Payments. Section 7.25 of the Financing Agreement is hereby amended to read in its entirety as follows:
Production Payments. Notwithstanding anything to the contrary contained in this Agreement, LSI may prepay any amounts that it is required to pay pursuant to the terms of the Production Payment Agreements."
Production Payments. Buyer agrees to purchase from Verdstone - Stirrup Creek Minerals Ltd. suitable waste dump material at the rate of Eight ($8.00) dollars per ton delivered at its sole expense to the Manhattan Millsite located in Manhattan, Nevada. Representative trucks will be weighed at a certified scale in order to obtain accurate tonnage and volume estimates for the Property delivered to the mill. Xx. Xxxx X. Berry, 0000 Xxxxxxx Xxx, Carmichael, California, 95608 USA will receive 10% of the proceeds ($.80 per ton) of this Agreement. Payment of this supervisory fee will be made by Verdstone - Stirrup Creek Minerals Ltd.
