Common use of Reimbursement of Non-Deductible Crown Royalties Clause in Contracts

Reimbursement of Non-Deductible Crown Royalties. The Royalty Owner shall reimburse to the Grantor, ninety nine percent (99%) of all Non-Deductible Crown Royalties payable by the Grantor in respect of the Properties or the production of Petroleum Substances therefrom, provided that the Grantor may at its sole discretion elect to waive its right to any part of or all of such reimbursement. The Grantor shall be entitled to set off such reimbursable amounts against any Quarterly Royalty Payment or Monthly Royalty Payment.

Reimbursement of Non-Deductible Crown Royalties. The Royalty Owner shall reimburse to the Grantor, ninety nine percent (Grantor 99%) % of all Non-Deductible Crown Royalties payable paid by the Grantor in respect of the Properties or the production of Petroleum Substances therefrom, provided that the Grantor may at its sole discretion elect to waive its right to any part of or all of such reimbursement. The Grantor shall be entitled to set off such reimbursable amounts against any Quarterly Royalty Payment or Monthly Royalty PaymentPayments against amounts reimbursable to it pursuant to this Section 2.9. However, the Grantor may, in its sole discretion, waive its right to reimbursement of any Non-Deductible Crown Royalties to the extent of the amount of Non-Deductible Crown Royalties payable by the Grantor.