Common use of Provisional Payments Clause in Contracts

Provisional Payments. In the event that final amounts required for the calculation of the NSR Royalty are not available within the time period referred to in Section 3 of this Schedule B, then provisional amounts will be estimated and the NSR Royalty paid on the basis of this provisional calculation. Positive or negative adjustments will be made to the NSR Royalty payment of the succeeding calendar quarter.

Appears in 3 contracts

Samples: www.sec.gov, Property Option Agreement (North Springs Resources Corp.), Property Option Agreement (North Springs Resources Corp.)

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Provisional Payments. In the event that final amounts required for the calculation of the NSR Royalty are not available within the time period referred to in Section 3 4 of this Schedule Bβ€œD”, then provisional amounts will be estimated and the NSR Royalty paid on the basis of this provisional calculation. Positive or negative adjustments will be made to the NSR Royalty payment payments of the succeeding calendar quarter.

Appears in 1 contract

Samples: Option to Purchase Agreement Athena Silver (Athena Silver Corp)

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