Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("Production Royalty") calculated at two percent (2%) of the Net Smelter Returns as defined, calculated and set forth herein.
Appears in 2 contracts
Samples: Purchase Option Agreement (Big Bear Mining Corp.), Purchase Option Agreement (Big Bear Mining Corp.)
Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("Production Royalty") calculated at two percent (2%) % of the Net Smelter Returns as defined, calculated and set forth herein.:
Appears in 1 contract
Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("“Production Royalty"”) calculated at two percent one and a half (21.5%) of the Net Smelter Returns as defined, calculated and set forth herein.
Appears in 1 contract
Samples: Purchase Option Agreement
Production Royalties. If the Optionee acquires the Mining Rights to the Property and begins commercial production on any part of the Property, the Optionee shall pay to the Optionor a royalty ("“Production Royalty"”) calculated at two percent (2%) of the Net Smelter Returns as defined, calculated and set forth herein.
Appears in 1 contract
Samples: Purchase Option Agreement
