Common use of Royalty Revenues Clause in Contracts

Royalty Revenues. 1. In Section VIII, paragraphs 3 and 4, and Schedule A, “Maximum Deduction” means an amount which is the lesser of: XX% of the estimated completion cost for a Step shown in Schedule A or XX% of the amount of Eligible Costs actually spent by the Project Proponent to complete that Step of the Project.

Royalty Revenues. 1. In Section VIII8, paragraphs 2 and 3 and 4, and Schedule A, “Maximum Deduction” means an amount which is the lesser of: XX% of the estimated completion cost for a Step shown in Schedule A or XX% of the amount of Eligible Costs actually spent by the Project Proponent to complete that Step of the Project.

Royalty Revenues. 1. In Section VIII, paragraphs 3 and 4, and Schedule A, “Maximum Deduction” means an amount which is the lesser of: XX% of the estimated completion cost for a Step shown in Schedule A or XX% of the amount of Eligible Costs actually spent by the Project Proponent Proponents to complete that Step of the Project.

Royalty Revenues. 1. In Section VIII8, paragraphs 3 2 and 43, and Schedule A, “Maximum Deduction” means an amount which is the lesser of: XX% of the estimated completion cost for a Step shown in Schedule A or XX% of the amount of Eligible Costs actually spent by the Project Proponent Proponents to complete that Step of the Project.

Royalty Revenues. 1. In Section VIII, paragraphs 3 and 4, 4 and Schedule A, “Maximum Deduction” means an amount which is the lesser of: XX% of the estimated completion cost for a Step shown in Schedule A or XX% of the amount of Eligible Costs actually spent by the Project Proponent to complete that Step of the Project.