Common use of The Production Royalty Clause in Contracts

The Production Royalty. As used herein, “Payor” means the Party obligated to pay the Production Royalty (and its successors and assigns), and “Payee” means the Party entitled to receive the Production Royalty (and its successors and assigns).

The Production Royalty. (a) As used herein, “Payor” means the Party obligated to pay the Production Royalty (and its successors and assigns), and “Payee” means the Party entitled to receive the Production Royalty (and its successors and assigns).

The Production Royalty. As used herein, “"Payor” " means the Party obligated to pay the Production Royalty (and its successors and assigns), and “"Payee” " means the Party entitled to receive the Production Royalty (and its successors and assigns).

The Production Royalty. (a) As used herein, “"Payor” " means the Party obligated to pay the Production Royalty (and its successors and assigns), and “"Payee” " means the Party entitled to receive the Production Royalty (and its successors and assigns).