Royalty Grant. In consideration of the sum of Sixty-Four Million One Hundred Fifty-Two Thousand Dollars to be paid in accordance with the terms of that certain Funding Agreement between Paramount, the Grantor, the Royalty Owner of even date herewith, together with an amount equal to interest on such consideration from July 1, 2002 at the annual rate of six and one half percent per annum (6.5%) until the consideration is paid in full by the Royalty Owner, the Grantor hereby grants to the Royalty Owner the Royalty with respect to the Initial Assets and all other Properties that may be acquired by the Grantor subsequent to this Agreement.
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Samples: Royalty Agreement, Royalty Agreement (Paramount Energy Trust), Royalty Agreement (Paramount Energy Trust)
Royalty Grant. In consideration of the sum of Sixty-Four Million One Hundred Fifty-Two Thousand Dollars to be paid in accordance with the terms of that certain Funding Agreement between Paramount, the Grantor, the Royalty Owner of even date herewith, together with an amount equal to interest on such consideration from July 1, 2002 at the annual rate of six and one half percent per annum (6.5%) until the consideration is paid in full by the Royalty Owner, the Grantor hereby grants to the Royalty Owner the Royalty with respect to the Initial Assets and all other Properties that may be acquired by the Grantor subsequent to this Agreement.
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