Royalty Interests Clause Samples

Royalty Interests no director, officer, consultant, insider or other non-arm’s length party to the Corporation (or any associate or affiliate thereof) has any right, title or interest in (or the right to acquire any right, title or interest in) any royalty interest, carried interest, participation interest or any other interest whatsoever which are based on revenue from or otherwise in respect of any assets of the Corporation.

Royalty Interests. By its acceptance of the assignments hereunder, the Program acknowledges that the Prospects are subject to the terms and conditions of the Project JOA and the oil and gas leases or farmouts covering the Project Areas, including all mineral, royalty and overriding royalty interests provided therein.

Royalty Interests. All royalties, overriding royalties, sliding scale royalties, shut-in royalties, rights to royalties in kind, or other interests in production of Oil and Gas, excluding working interests, as set forth on Exhibit A.

Royalty Interests. Advance Royalty In the event commercial production has not commenced on the Properties, with the exception of those mineral claims subject to the Leader Option, on or before July 31, 2008, and if the Venture Company (JVC) continues to hold any interest in the Properties, the JVC shall pay to 606896 B.C. Ltd. an Advance Royalty of eighteen thousand dollars ($18,000) and a further eighteen thousand dollars ($18,000) on July 31st each year thereafter until commercial production has commenced on the Properties, as long as the JVC continues to hold any interest in the Properties.

Royalty Interests. The Company or its Subsidiaries, as the case may be, own the presently held royalty interests of the Company as most recently described in the Company Filings (the "Royalty Interests"). Each of the Royalty Interests that is material to the Company and identified as such in the Company Filings (the “Material Royalty Interests”) is valid, in good standing, and in full force and effect. Each of the agreements representing the Material Royalty Interests are valid, in good standing and in full force and effect, and no proceedings of any kind are pending or, to the knowledge of the Corporation, threatened to revoke, limit, rescind or modify any of the Material Royalty Interests.

Royalty Interests. Schedule 4.1(m) sets forth a complete list of all royalty interests owned by the Vendor in respect of STMV, the TUP and the MLUP (the "Royalty Interests"). To the best of Vendor's knowledge the Vendor owns good and marketable title to the Royalty Interests free and clear of all Encumbrances except for the Permitted Encumbrances. There are no amendments, transfers or assignments of the Royalty Interests and to the best of Vendor's knowledge each is in full force and effect.

Royalty Interests. Seller's claims for royalties due from Buyer, specifically including Thomas L. Harken's royalties received from Buyer on the business ope▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ and Nacogdoches, Texas, shall be terminated effective with the Closing.

Royalty Interests. Disclosure set out in the Metalla Filings with respect to the Metalla Royalties has been disclosed in all material respects in accordance with the applicable requirements of NI 43-101 and Metalla has no knowledge that such disclosure is inaccurate in any material respect.

Royalty Interests. (a) At Closing, Borrower shall execute and deliver to Lender a Royalty Interest Conveyance granting to Lender: (i) an overriding royalty interest in and to the Leasehold Interests described on Exhibit A equal to one percent (1.0%) of 8/8ths, proportionately reduced to Borrower’s Working Interest; (ii) a royalty interest in and to the Fee Interests more particularly described on Exhibit A equal to one percent (1.0%) of 8/8ths of such interests; and (iii) a royalty interest or overriding royalty interest, as applicable, in the W▇▇▇▇ described on Exhibit A (and related Units) equal to an additional four percent (4.0%) of 8/8ths of such interests (for Leasehold Interests, proportionately reduced to Borrower’s Working Interest).