Retention of Inventory. The Grantor may, but is not obligated to, retain ore or treated ore products containing Minerals as inventory for any length of time and for any reason. At the Grantee’s reasonable request, the Grantor shall deliver to the Grantee a monthly statement of such inventory, but the Grantee shall have no right to any Royalty payments until the Grantor actually delivers and sells the Minerals. Raw Minerals stockpiles are not subject to the Royalty until treated and the products are delivered and sold.
Retention of Inventory. Seller shall not have shipped, delivered, disposed of or otherwise converted any Inventory into an Account in the interim period, if any, between the Execution Date and the Closing Date.
