ROYALTY SETTLEMENT Sample Clauses
A Royalty Settlement clause defines the process by which royalties owed under an agreement are calculated, reported, and paid between parties. Typically, it outlines the frequency of royalty payments, the method for calculating amounts due, and the documentation required to support these payments, such as sales reports or usage statements. This clause ensures that both parties have a clear understanding of their financial obligations and rights, reducing the risk of disputes over royalty payments and providing a structured mechanism for resolving discrepancies.
ROYALTY SETTLEMENT. The United States and any State and any royalty owner who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non- unit operator as herein provided for in spe- cial cases, shall make deliveries of such ▇▇▇- ▇▇▇▇ share taken in kind in conformity with the applicable contracts, laws, and regula- tions. Settlement for royalty interest not taken in kind shall be made by an operator responsible therefor under existing con- tracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced dur- ing the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obliga- tions for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any par- ticipating area hereunder, for use in repres- suring, stimulation of production, or increas- ing ultimate recovery, in conformity with a plan of development and operation approved by the AO, a like amount of gas, after settle- ment as herein provided for any gas trans- ferred from any other participating area and with appropriate deduction for loss from any cause, may be withdrawn from the formation into which the gas is introduced, royalty free as to dry gas, but not as to any products which may be extracted therefrom; provided that such withdrawal shall be at such time as may be provided in the approved plan of development and operation or as may other- wise be consented to by the AO as con- forming to good petroleum engineering prac- ▇▇▇▇; and provided further, that such right of withdrawal shall terminate on the termi- nation of this unit agreement. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Fed- eral land as provided in Section 12 at the rates specified in the respective Federal leases, or at such other rate or rates as may be authorized by law or regulation and ap- proved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said aver- age production shall be d...
ROYALTY SETTLEMENT. 16.1 The United States of America and all Royalty Owners who, under an existing contract, are entitled to take in kind a share of the substances produced from any Tract unitized hereunder, shall continue to be entitled to such right to take in kind their share of the Unitized Substances allocated to such Tract, and Unit Operator shall make deliveries of such Royalty share taken in kind in conformity with the applicable contracts, laws and regulations.
ROYALTY SETTLEMENT. The United States and any State and any royalty owner who is entitled to take in kind a share of the substances now unitized hereunder shall hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the working interest owner in case of the operation of a well by a working interest owner as herein provided for in special cases, shall make deliveries of such royalty share taken in kind in conformity with the applicable contracts, laws, and regulations. Settlement for royalty interest not taken in kind shall be made by working interest owners responsible therefore under existing contracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obligations for the payment of any royalties due under their leases. Royalty due the United States shall be computed as provided in 30 CFR Group 200 and paid in value or delivered in kind as to all unitized substances on the basis of the amounts thereof allocated to unitized Federal land as provided in Section 11 at the rates specified in the respective Federal lease, or at such other rate or rates as may be authorized by law or regulation and approved by the AO; provided, that for leases on which the royalty rate depends on the daily average production per well, said average production shall be determined in accordance with the operating regulations as though each participating area were a single consolidated lease.. Royalty due on account of State lands shall be computed and paid on the basis of all unitized substances allocated to such lands.
ROYALTY SETTLEMENT. The United States and all Royalty Owners who, under existing contracts, are entitled to take in kind a share of the substance now unitized hereunder produced from any tract, shall hereafter be entitled to the right to take in kind their proportionate share of the Unitized Substances allocated to such tract, and Unit Operator shall make deliveries of such royalty share taken in kind in conformity with the applicable contracts, laws and regulations. Settlement for Royalty Interest not taken in kind shall be made by Working Interest Owners responsible therefor under existing contracts, laws and regulations on or before the last day of each month for Unitized Substances produced during the preceding calendar month; provided, however, that nothing herein contained shall operate to relieve the lessees of any land from their respective lease obligations for the payment of any royalties due under their leases.
ROYALTY SETTLEMENT. The United States and the Indians and any State and any royalty owner who is entitled to take in kind a share of the substances now unitized hereunder shall hereafter be entitled to the right to lake in kind its share of the unitized substances, and Unit Operator, or the working interest owner in case of the operation of a well by a working interest owner as herein provided for in special cases, shall make deliveries of such royally share taken in kind in conformity with the applicable contracts, laws, and regulations. Settlement for royalty interest not taken in kind shall be made by working interest owners responsible therefore under existing contracts, laws and regulations, or by the Unit Operator on or before the last day of each month lor unitized substances produced during the preceding calendar month; provided, however, that nothing-in this section shall operate to relieve the lessees of any land front their respective lease obligations for the payment of any royalties due under their leases. If gas obtained from lands not subject to this agreement is introduced into any participating area hereunder, for use in repressuring, stimulation of production, or increasing ultimate recovery in conformity with a plan of development and operation approved by the AO and the Land Commissioner and the Division, a like amount of gas, after settlement as herein provided for any gas transferred from any other participating area and
ROYALTY SETTLEMENT. On or around March 31, 2020, Cool will issue to RoyalCan Investment LP 10,400,000 common shares of Cool for the benefit of Delavaco, Bliss, ICFR, and ▇▇▇▇▇▇▇ in the following amounts; Delavaco 4,100,000 common shares, Bliss 2,100,000 common shares, ICFR 2,100,000 common shares, and ▇▇▇▇▇▇▇ 2,100,000 common shares.
ROYALTY SETTLEMENT. The Ute Indian Tribe and the Ute Distribution Corporation are entitled to the entire royalty share of production produced from the Project Area. In accordance with the applicable leases, these Royalty Owners are entitled to take in kind a share of the Project Substances now combined hereunder and produced from any Tract. Such right to take in kind as to the Royalty Owner's share of production set forth in paragraph 12 shall continue with regard to the production of Project Substances. If these Royalty Owners so elect to take in kind, the Project Operator shall make deliveries of such Royalty Share in kind in conformity with the applicable contracts, laws and regulations. Settlement for the royalty share not taken in kind shall be made by the Project Operator and the Working Interest Owners hereby designate the Project Operator to make all such payments and file all required production reports. The Working Interest Owners and Project Operator will execute any necessary division orders. These payments and all production reports shall be prepared and filed in accordance with the existing leases, laws and regulations on or before the last day of each month for oil produced during the preceding calendar month and on or before sixty days from the end of the month during which gas was produced; provided, however, that nothing herein contained shall operate to relieve the lessees of any Project Land from their respective lease obligations for the payment of any royalties due under their leases.
ROYALTY SETTLEMENT. The Uuited States, the Indians. and auy royalty owuer who is entitled to take in kind n slrare of the substances now unitized hereunder shall hereafter be entitled to the right to take in kind its sltore of tiie unitized substauces, and Unit Operator, or the woritiug interest owner in ease of the operation ofa well by a working interest owner as herein provided for in special cases, shall make deliveries of such royalty slrare taken in kiud iu cotifottnity with tire applicable contracts, laws, and regulations. Settlement for toynlty interest not taken in kind shall be made by working interest owuers responsible therefore tinder existing contracts. Laws and regulations, or by the Uuit Operator on or before the last day of each mouth for unitized substances produced during tire preceding calendar month: provided, liowevcr, tlrnt nothing in tins section stall operate to relieve the responsible ponies ofany Laud from their respective lease obligations for the payment ofany royalties due under their leases. .to 'aa.iajsn«i 'aaiuuri aqi Xq tapimajaq suopidigigo pim sadaguud g|ujo tioigdumstn nqi uodn pauotitpttoa si Xqiuaq pint aq (jugs oiatatg laafqns asuag jo ptiug tn isaiaiui jo aatiuXauioa jo tajsituq 'itmd Xuu puu 'sammimai nomoarSs siqi giitin isaiautt tit siossaaans jiaqt puu oiotaq saiuud sipjo sisu.ntn stp01 taadsati|iim pmr| atp tpiM dtmnnit sjttutUAoa aqoipanusuoa aqnuqs irtataqsinuuaAoaatu. 'ONVn HUM Nfiy SINVKH-^OD 'il „sat|iimmb dutXud ill paaitpotd si s «1jo [to su taycataqi duog os pnu uogndadas qansjoaiop atp mug stoaX uwi imp ssag ▇▇▇▇ ,ioj mq 'joatatp tutai atp rej papa pita aaioj tit aimttuoa [[Bigs uoiitod pa2itimwiou 01 so asuag qans Xuo im;i jaAawoq ^SpKSQ ttotitKtijnii jo aivp aAipajja atp jo so peigmittioa ton sptnq aip puu paumnuoo spuug atp 01 so sasuag ag&rudas out; papdades sq pcqs uugd qans Xtto Xq pataAoa uatu aip apisgno uud tit puu trtqiLw pnl h i aiu imp spuug Siuaiuqtiia tiugd (gntfl) qans Xtiu 01 pajgtuitnoa tagtaiatg .10 uojoiaiaq
ROYALTY SETTLEMENT. The United States and any State and any royalty owner, who is entitled to take in kind a share of the substances now unitized hereunder shall be hereafter be entitled to the right to take in kind its share of the unitized substances, and Unit Operator, or the non-unit operator in the case of the operation of a well by a non-unit operator as herein provided for in special cases, shall make deliveries of such royalty share taken in kind in conformity with the applicable contracts, laws, and regulations. Settlement for royalty interest not taken in kind shall be made by an operator responsible therefore under existing contracts, laws and regulations, or by the Unit Operator on or before the last day of each month for unitized substances produced during the preceding calendar month; provided, however, that nothing in this section shall operate to relieve the responsible parties of any land from their respective lease obligations for the payment of any royalties due under their leases.