Reservation Of Royalty. The Payor shall pay and the Royalty Holder shall be entitled to receive as the royalty, 3.0% of Net Returns.
Reservation Of Royalty. (a) The Royalty Owner hereby reserves unto itself, the Royalty, and if Royalty Owner fails to take in kind, Payor agrees to bear and pay to Royalty Owner the value of the Royalty share based on an undivided one hundred (100%) percent of the Petroleum Substances produced from or deemed to be produced from or allocated to the Lands.
(b) It is further expressly agreed that the Royalty reserved by the Royalty Owner and payable by Payor as aforesaid:
(i) is attached to and forms a part of the Lands;
(ii) is free and clear of all expenses, royalties, taxes, marketing fees and deductions of any kind or nature whatsoever except as herein otherwise set forth.
Reservation Of Royalty. The Payor shall pay and the Royalty Holder shall be entitled to receive as the royalty, 1.5% of Net Smelter Returns except as such percent is reduced pursuant to the Agreement.
Reservation Of Royalty. The Royalty Holder shall be entitled to receive and the Payor shall pay, a royalty (the "Royalty") of 2% of Net Smelter Returns for all By-Products or Other Mineral Products produced from the Property.
Reservation Of Royalty. The Buyer acknowledges and agrees that:
(a) in conveying the PPM Mining Claims to the Buyer Subsidiary, PPM shall reserve to itself or its designee in the relevant deed a 1.5% net smelter returns royalty on all minerals produced from the PPM Mining Claims except for the Hat 1-57 mining claims (NMMC194586-194642) (in recognition of the fact that such Hat claims, if acquired by the Buyer Subsidiary under the relevant existing option agreement, will be subject to a 2% net smelter returns royalty in favour of the current owner of those claims), using an instrument substantially in the form of the deed attached as Exhibit 2.7(a); and
(b) in conveying the Xxxxx Mining Claims to the Buyer Subsidiary, Xxxxx shall reserve to itself or its designee in the relevant deed a 1.5% net smelter returns royalty on all minerals produced from the Xxxxx Mining Claims, using an instrument substantially in the form of the deed attached as Exhibit 2.7(b).
Reservation Of Royalty. Grantor hereby grants to Royalty Owner, and Royalty Owner reserves to itself out of Grantor’s Working Interest in the Lands, an interest in respect of the Petroleum Substances within, upon, or under the Lands, to be quantified as follows:
a. All Petroleum Substances, eight percent (8%) of the gross monthly production thereof produced or deemed to be produced from or allocated to each Well and marketed- the 8% shall be allocated to the Royalty Owners on the following basis: Zentrum Energie Trust AG – 8%
b. If any portion of the Lands is pooled, unitized or otherwise combined with other lands in accordance with Article 10, then the Overriding Royalty percentage above noted shall be multiplied by the percentage of Petroleum Substances allocated to the Lands as provided for in Article 10, Clause (c ).
Reservation Of Royalty. The Payor shall pay and the Royalty Holder shall be entitled to receive as the royalty, 2.5% of Net Smelter Returns.
Reservation Of Royalty. The Royalty Holder shall be entitled to receive and the Payor shall pay, a royalty (the "Royalty") based on Net Smelter Returns for all Subject Minerals, as follows:
(a) for gold:
(i) 2 1/2%, if the average Mineral Price Quotation for a Calendar Quarter is $300 U.S. per ounce or less;
(i) 3%, if the average Mineral Price Quotation for a Calendar Quarter is between $300 U.S. and $350 U.S. per ounce;
3 1 2%, if the average Mineral Price Quotation for a Calendar Quarter is $350 U.S. per ounce or greater;
(b) for all other Subject Minerals, 2 1/2%.
Reservation Of Royalty. The Payor acknowledges that the Royalty Holder has reserved to itself the Net Smelter Returns Royalty Interest. The Payor shall pay and the Royalty Holder shall be entitled to receive payments of the Net Smelter Returns Royalty.
Reservation Of Royalty. Grantor reserves, and Grantee agrees to pay, a four percent (4.0%) net smelter returns production royalty from any production and sale of minerals from the Claims, to be determined and paid in accordance with the provisions of Exhibit 2 attached hereto and by reference made a part hereof (the “Royalty”), which Royalty shall run with the Claims (including any amendments or relocations thereof) and the land within the Claims and shall be binding upon Grantee and any and all successors to Grantee, such that Grantor shall be entitled to the Royalty regardless of who owns or mines the Claims.
