ROYALTY PAYOR TO DETERMINE OPERATIONS Sample Clauses

ROYALTY PAYOR TO DETERMINE OPERATIONS. 5.01 The Royaltypayor will have complete discretion concerning the nature, timing and extent of all exploration, development, mining and other operations conducted on or for the benefit of the Property and may suspend operations and production on the Property at any time it considers prudent or appropriate to do so. The Royaltypayor will owe the Royaltyholder no duty to explore, develop or mine the Property, or to do so at any rate or in any manner other than that which the Royaltypayor may determine in its sole and unfettered discretion. The Royaltypayor may, but will not be obligated to treat, mill, heap xxxxx, sort, concentrate, refine, smelt, or otherwise process, beneficiate or upgrade the ores, concentrates, and other products at sites located on or off the Property, prior to sale, transfer, or conveyance to a purchaser, user, or consumer. The Royaltypayor will not be liable for mineral values lost in processing under sound practices and procedures, and no royalty will be due on any such lost mineral values.
Sample 1
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ROYALTY PAYOR TO DETERMINE OPERATIONS. 4.01 The Royalty-payor will have complete discretion concerning the nature, timing and extent of all exploration, development, mining and other operations conducted on or for the benefit of the Projects and may suspend operations and production on the Projects at any time it considers prudent or appropriate to do so. The Royalty-payor will owe the Royalty-holder no duty to explore, develop or mine the Projects, or to do so at any rate or in any manner other than that which the Royalty-payor may determine in its sole and unfettered discretion. The Royalty-payor may, but will not be obligated to treat, mill, heap xxxxx, sort, concentrate, refine, smelt, or otherwise process, beneficiate or upgrade the ores, concentrates, and other products at sites located on or off the Projects, prior to sale, transfer, or conveyance to a purchaser, user, or consumer. The Royalty-payor will not be liable for mineral values lost in processing under sound practices and procedures, and no royalty will be due on any such lost mineral values.
Sample 1
ROYALTY PAYOR TO DETERMINE OPERATIONS. The Royalty Payor, directly or through its Affiliates, will have complete discretion concerning the nature, timing and extent of all exploration, development, mining and other operations conducted on or for the benefit of the Aurizona Project Property and may suspend operations and production on the Aurizona Project Property at any time it considers prudent or appropriate to do so. The Royalty Payor, directly or through its Affiliates, may, but will not be obligated to treat, mill, heap lxxxx, sort, concentrate, refine, smelt, or otherwise process, beneficiate or upgrade the ores, concentrates, and other Product at sites located on or off the Aurizona Project Property, prior to sale, transfer, or conveyance to a purchaser, user, or consumer. The Royalty Payor, directly or through its Affiliates, shall be entitled to temporarily stockpile, store or place ores, concentrates or other Products produced from the Aurizona Project Property in any locations owned, leased, rented or otherwise controlled by the Royalty Payor or its Affiliates, provided the same are appropriately identified as to ownership and origin and secured from loss, theft, tampering and contamination. The Royalty Payor will owe the Royalty Holder no duty to explore, develop or mine the Aurizona Project Property, or to do so at any rate or in any manner other than that which the Royalty Payor may determine in its sole and unfettered discretion. For greater certainty, any items not listed here are decisions by the Royalty Payor in the normal course of business and practices and are at the complete discretion of the Royalty Payor.
Sample 1

Related to ROYALTY PAYOR TO DETERMINE OPERATIONS

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