Production Rental Clause Samples
Production Rental. In addition to the Advance Rental, but subject to the set-off provided in Section 6, Lessee shall pay to Lessor a Production Rental of the greater of either four (4%) percent of the net smelter royalty (net ore value processed by Lessor, less production costs thereof, but excluding general administration costs) or fifty cents ($.50) per yard of material processed by the Lessee. Rental payments are due and shall be paid within twenty (20) days of the end of the month in which the production occurred. Such payments shall be accompanied by a statement summarizing the computation of the yardage processed.
Production Rental. Lessee is allowed articles approx. 3 weeks prior to opening date unless other terms are agreed upon and stated in the contract.. Articles are to be returned to DBK no later than 2 days after close of production.