Provisional Settlements. Where the outturn of treated metals or a Sale (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.
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Samples: Net Smelter Return Royalty Agreement (Solitario Exploration & Royalty Corp.), Option Agreement (Guinness Exploration, Inc)
Provisional Settlements. Where the outturn of treated metals or a Sale sale of other Products (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Gross Overriding Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.
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Samples: Letter Agreement Option to Joint Venture (De Beira Goldfields Inc.), Letter Agreement Option to Joint Venture (De Beira Goldfields Inc.)
Provisional Settlements. Where the outturn of treated metals or a Sale of other Products (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.
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