Royalty Statements. Royalty payments will be accompanied by a statement showing in reasonable detail on a Product by Product basis for the relevant quarter: (a) the quantities and grades of Products produced and for which there was a Sale in the quarter; (b) the actual proceeds of Sale received in the quarter; (c) the Allowable Deductions in the quarter; and (d) other pertinent information in sufficient detail to explain the calculation of the Royalty payment.
Appears in 2 contracts
Samples: Option Agreement (Guinness Exploration, Inc), Option Agreement (Coastport Capital Inc.)
Royalty Statements. Royalty payments will be accompanied by a statement showing in reasonable detail on a Product by Product basis for the relevant quarter:
(a) the quantities and grades of Products Cobalt produced and for which there was a Sale in the quarter;
(b) the actual proceeds Gross Proceeds of Sale received in the quarterquarter (including without limitation by reason of a Loss);
(c) the Allowable Deductions in the quarter;
(d) any adjustments to provisional settlements; and
(de) other pertinent information in sufficient detail to explain the calculation of the Royalty payment.
Appears in 1 contract
Samples: Net Smelter Return Royalty Agreement
Royalty Statements. Royalty payments will be accompanied by a statement showing in reasonable detail on a Product by Product basis for the relevant quarterSale:
(a) the quantities and grades of Products produced and for which there was a Sale in the quartersold;
(b) the actual proceeds of Sale received in Gross Proceeds for the quarter;Sale; and
(c) the Allowable Deductions in for the quarter; and
(d) other pertinent information in sufficient detail to explain the calculation of the Royalty paymentSale.
Appears in 1 contract
Royalty Statements. Royalty payments will be accompanied by a statement showing in reasonable detail on a Product by Product basis for the relevant quarter:
(a) the quantities and grades of Products produced and for which there was a Sale in the quarter;
(b) the actual proceeds Gross Proceeds of Sale received in the quarter;
(c) the Allowable Deductions in the quarter; and
(d) other pertinent information in sufficient detail to explain the calculation of the Royalty payment.
Appears in 1 contract
Samples: Net Smelter Return Royalty Agreement (Solitario Exploration & Royalty Corp.)
