The Xxxxxxxxx Royalty Sample Clauses

The Xxxxxxxxx Royalty. The Xxxxxxxxx Lease is subject to annual lease payments and an underlying production royalty of 4% net smelter returns in favor of Xxxxxxxxx (the “Xxxxxxxxx Royalty”) as more particularly described in Schedule “A”; 2.5.1.1 Royalty Buy Down on the Xxxxxxxxx Lease. In the event Optionor exercises the Option in the aforesaid manner, Xxxxxxxxx covenants and agrees that, from and after the date of exercise of the Option (the “Exercise Date”) and notwithstanding section 5 of the Xxxxxxxxx Lease, Optionor, as tenant, shall have the sole, exclusive and irrevocable right and option (the “Xxxxxxxxx Buy Down Option”) to buy down the Production Royalty (as such term is defined in the Xxxxxxxxx Lease) on gold in favor of Xxxxxxxxx, as owner, from 4% net smelter returns to 2% net smelter returns on the following terms and conditions: 2.5.1.1.1 One royalty “point” or 1% net smelter returns (the “First Point”) for US$1,000,000 cash payable on or before the fifth anniversary of the Exercise Date or US$5,000,000 cash payable after the fifth anniversary of the Exercise Date but on or before the tenth anniversary of the Exercise Date; and 2.5.1.1.2 An additional one royalty “point” or 1% net smelter returns (the “Second Point”) for an additional US$5,000,000 payable on or before the tenth anniversary of the Exercise Date,
Sample 1
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The Xxxxxxxxx Royalty. The Xxxxxxxxx Lease is subject to annual lease payments and an underlying production royalty of 4% net smelter returns in favor of Xxxxxxxxx (the “Xxxxxxxxx Royalty”) as more particularly described in Schedule “A”;
Sample 1

Related to The Xxxxxxxxx Royalty

  • Sxxxxxxx-Xxxxx The Company is, or on the Closing Date will be, in material compliance with the provisions of the Sxxxxxxx-Xxxxx Act of 2002, as amended, and the rules and regulations promulgated thereunder and related or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the date hereof.

  • Xx Xxxxxx No waiver or modification of this Agreement or any of its terms is valid or enforceable unless reduced to writing and signed by the party who is alleged to have waived its rights or to have agreed to a modification.

  • XX XXXXXXX XXXXXXX the parties hereof have caused this Agreement to be executed in duplicate on the day and year first above written.

  • Xxxxxx Xxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxx Xxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 6 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxx Xxxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxx Xxxxxxx Purchase Order and Sales Contact Email 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxx Xxxxxxxx Purchase Order and Sales Contact Email 2 2 Purchase Order and Sales Contact Phone 2 3 Company Website 4 Entity D/B/A's and Assumed Names 5 Primary Address 2 Primary Address City 7 Primary Address State 2 8 Primary Address Zip 9 Search Words Identifying Vendor Certification of Vendor Residency (Required by the State of Texas)

  • Xxxxxxxx-Xxxxx The Company is, or on the Closing Date will be, in material compliance with the provisions of the Xxxxxxxx-Xxxxx Act of 2002, as amended, and the rules and regulations promulgated thereunder and related or similar rules or regulations promulgated by any governmental or self-regulatory entity or agency, that are applicable to it as of the date hereof.

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