Royalty Rates for Public Versus Private Use of Export Water and Off-Site Water Sample Clauses

Royalty Rates for Public Versus Private Use of Export Water and Off-Site Water. A sum equal to ten percent (10%) of Gross Revenues shall be paid to the Land Board as a royalty in the case of a sale or other disposition of Export Water or Off-Site Water to a Title 30 xxxxxxxxx xxxxxxxx or other similar municipal or public entity, and a sum equal to twelve percent (12%) of the Gross Revenues shall be paid to the Land Board as a royalty in the case of a sale or other disposition of Export Water or Off-Site Water to all others. These royalty rates shall be referred to as the “Initial Royalty Rates.”
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