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.
Appears in 3 contracts
Samples: Agreement, Property Purchase Agreement, Property Purchase Agreement
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 '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.
Appears in 3 contracts
Samples: Royalty Agreement, Royalty Agreement, Return Royalty Agreement
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 Grantees’ reasonable request, the Grantor shall deliver to the Grantee Grantees a monthly statement of such inventory, but the Grantee Grantees 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.
Appears in 1 contract
Samples: Option Agreement
