Reserve Charges Clause Samples

Reserve Charges. The Operator shall apply Net Profits first to reduce the amounts debited to the Royalty Account. While there is any debit balance in the Royalty Account, the Owner shall retain all Product or Net Profits (in proportion to their Interests if more than one Owner). Whenever the Royalty Account shows no debits, Net Profits in an amount equal to the credit balance in the Royalty Account shall be distributed to the Royalty Holder in an amount equal to the applicable Net Profits Royalty, and the balance to the Owner.

Reserve Charges. From time to time, C&S may, in its sole discretion, consent to the number of cases in the Reserve to exceed the Reserve Limit. In such an event, A&P will pay C&S a Reserve Charge equal to * for each case of product in excess of the Reserve Limit that is held as of the * . All Reserve Charges will be calculated each * after the last morning billing has been run and before the first afternoon billing has been run, and shall be billed to and paid by A&P in accordance with Section 3. Reserve Charges are in addition to, and not in lieu of, Upcharges and other fees and charges described in Section 3.

Reserve Charges. The foregoing being the “Net Profits”. The Company shall apply Net Profits first to reduce the amounts debited to the Royalty Account. While there is any debit balance in the Royalty Account, the Company shall retain Net Profits. Whenever the Royalty Account shows no debits, Net Profits in an amount equal to the credit balance in the Royalty Account shall be distributed to in an amount equal to the applicable Net Profits Royalty, and the balance to the Company. The Company shall debit or credit amounts to the Royalty Account, whichever is applicable, on a monthly basis and distribution of Net Profits shall be made on an interim basis within twenty days of the end of each month. A final settlement of the distribution of Net Profits shall be made within 90 days of the end of each calendar year. The Company shall be entitled to deduct any overpayment of Net Profits as revealed in the annual calculation for purposes of the final settlement from future payments due. Any under payment shall be paid by the Company forthwith. Terms which are defined in the Agreement shall have the same defined meaning in this Appendix and the following words, phrases and expressions shall have the following meanings: The Royalty Account is the account to be established by the Company for purposes of calculating the amount of Net Profits Royalty. Pre-production Expenditures for the purpose of calculating Net Profits , means all money provided and spent by the Company on the Claims prior to the commencement of Commercial Production. Without limiting the generality of the foregoing, Pre-production Expenditures shall include all money provided and spent by the Company exploring, developing and equipping the Claims for production; completing f easibility Reports; maintaining the Claims in good standing; constructing all facilities necessary to commence Commercial Production on the Claims; constructing and acquiring infrastructure or facilities off the Claims but required for Commercial Production; and on making any other expenditures related to the achievement of Commercial Production. The Company shall be entitled to include as a Pre-production Expenditure a reasonable charge for management and administration not to exceed ten percent (10%) of all other p re-exploration Expenditures, which shall be computed quarterly and charged to the Royalty Account at the end of each calendar year. Working Capital means all monies spent by the Company for working capital prior to the date when C om...

Reserve Charges. The Royalty Payor shall apply Net Profits first to reduce the amount debited to the Royalty Account. While there is any debit balance in the Royalty Account, the Royalty Payor shall retain all Net Profits. Whenever the Royalty Account shows a credit balance, the percentage of Net Profits to which the Royalty Holder is entitled shall be distributed to the Royalty Payor. The Royalty Payor shall debit or credit amounts to the Royalty Account, whichever is applicable, on a monthly basis and distribution of Net Profits shall be made on an interim basis within 20 days of the end of the month. A final settlement of the distribution of Net Profits shall be made within 90 days of the end of each calendar year. The Royalty Payor shall be entitled to deduct any overpayment of Net Profits as revealed in the annual calculation for purposes to the final settlement from future payments due to the Royalty Holder any underpayment shall be paid forthwith. As used in this Schedule the following terms have the meaning shown below: Conversion Date: The Conversion Date is the date as of which the Royalty Holder’s Participating Interest was relinquished under Section 5.6 of the Agreement. Royalty Account: The Royalty Account is the account to be established by the Royalty Payor for purposes of calculating the amount of the Royalty Holder’s Net Profits Royalty. Preproduction Expenditures:

Reserve Charges. The Royalty Payor shall apply Net Profits first to reduce the amount debited to the Royalty Account. While there is any debit balance in the Royalty Account, the Royalty Payor shall retain all Net Profits. Whenever the Royalty Account shows a credit balance, the percentage of Net Profits to which the Royalty Holder is entitled shall be distributed to the Royalty Holder and the balance shall be distributed to the Royalty Payor. The Royalty Payor shall debit or credit amounts to the Royalty Account, whichever is applicable, on a monthly basis and distribution of Net Profits shall be made on an interim basis within 20 days of the end of each month. A final settlement of the distribution of Net Profits shall be made within 90 days of the end of each calendar year. The Royalty Payor shall be entitled to deduct any overpayment of Net Profits as revealed in the annual calculation for purposes of the final settlement from future payments due to the Royalty Holder. Any underpayment shall be paid forthwith. As used in this Schedule the following terms have the meaning shown below:

Reserve Charges. The Operator shall apply Net Profits first to reduce the amounts debited to the Royalty Account. While there is any debit balance in the Royalty Account, ▇▇▇ and Rara Terra shall retain all Product or Net Profits in proportion to their Interests. Whenever the Royalty Account shows no debits, Net Profits in an amount equal to the credit balance in the Royalty Account shall be distributed to the Royalty Holder in an amount equal to the applicable Net Profits Royalty, and the balance to Rara Terra and ▇▇▇ in proportion to their Interests.

Reserve Charges. You permit us to reserve against your payment card at the time of rental a reasonable amount in addition to estimated total charges. We may use the reserve to pay all Charges. We will authorize the release of any excess reserve upon the completion of your rental. Your payment card issuer’s rules will apply to your credit line or account being credited for the excess, which may not be immediately released by your card issuer. You will pay us all Charges, including: (a) applicable time and mileage fee; (b) taxes, surcharges, and other fees; (c) a return check fee if you pay us with a check returned unpaid; (d) all expenses we incur recovering the Vehicle if it is not returned to the renting location on the date and time promised; (e) all costs we incur collecting payment from you or otherwise enforcing our rights under this Agreement; (f) a late fee on all Charges that are not paid when due; (g) a reasonable fee to clean the Vehicle if it is returned with evidence of smoking, vaping, or animals or otherwise substantially less clean than when received by you; (h) fuel and a refueling fee if you return the Vehicle with less fuel than when received by you; (i) a mileage charge based on our experience if the odometer is tampered with; (j) towing, storage charges, Tolls, Violations, forfeitures, court costs, penalties and all other costs we incur resulting from your use of the Vehicle;