Advance Minimum Royalty Payments definition

Advance Minimum Royalty Payments. NEWCO shall pay MINERA APOLO, in cash, Advance Minimum Royalty Payments, payable quarterly in arrears, as from the date SIERRA MADRE exercises its Option to proceed with the Development of the Project, as follows: - 3 (three) months after the Option is exercised US$5,000 - 6 (six) months after the Option is exercised US$10,000 - 9 (nine) months after the Option is exercised US$15,000 - 12 (twelve) months after the Option is exercised US$20,000 - 15 (fifteen) months after the Option is exercised and quarterly thereafter US$25,000 NEWCO shall be entitled to deduct all Advance Minimum Royalty Payments against any future Net Smelter Return ("NSR") royalty payments due MINERA APLOLO.
Sample 1

Examples of Advance Minimum Royalty Payments in a sentence

  • If the total dollar amount of Production Royalties due Lessor within that calendar year exceed the dollar amount of the Advance Minimum Royalty Payment due Lessor within that calendar year, Lessee can credit all uncredited Advance Minimum Royalty Payments made in previous years against fifty percent (50%) of the Production Royalties due Lessor within that calendar year.

  • Mining Lease (15 year initial term, and so long thereafter as commercial production continues) • Advance Minimum Royalty: Payments of USD150,000 in years 1-3, USD200,000 in years 4-5 and USD400,000 for year 6 and beyond (unless a feasibility study has been completed).

  • After the third Anniversary Date, and after each Anniversary Date thereafter, Advance Minimum Royalty Payments shall be adjusted to proportionally reflect any net increase or decrease in the Producer Price Index for Mining and Quarrying of Non-Metallic Minerals, Except Fuels, Not Seasonably Adjusted, since the Effective Date and each proceeding Anniversary Date as applicable.

  • MINERAL PROPERTIES (cont’d) (b) BMP Project, Alaska (cont’d) Mining Lease (15 year initial term, and so long thereafter as commercial production continues) • Advance Minimum Royalty: Payments of USD 150,000 in years 1-3, USD 200,000 in years 4-5 and USD 400,000 for year 6 and beyond (unless a feasibility study has been completed).

  • Mining Lease (15 year initial term, and so long thereafter as commercial production continues) • Advance Minimum Royalty: Payments of USD 150,000 in years 1-3, USD 200,000 in years 4-5 and USD 400,000 for year 6 and beyond (unless a feasibility study has been completed).

  • Lessee shall pay to Owner, Annual Advance Minimum Royalty Payments in the amounts and on or before the dates described below: Upon contract Effective Date $ 50,000.00 I st anniversary, 2012 $ 50,000.00 The Anniversary Date, each year of lease thereafter $ 75,000.00 the above payments may be recouped by Lessee by crediting Advance Minimum Royalty Payments against production royalty payments due the same calendar year in which the minimum royalty payments were paid.

  • Lessee shall pay to Lessor advance minimum royalties in the amounts and at the times listed below (each, an “Advance Minimum Royalty Payment”); provided, however, that if this Lease is terminated prior to the due date for the payment of any such Advance Minimum Royalty Payment, Lessee shall have no obligation to make any further Advance Minimum Royalty Payments, the due dates of which occur after such termination.

  • All Advance Minimum Royalty Payments paid by Lessee to Lessor shall constitute prepayment of and advance against Production Royalties (as defined in Article 4) thereafter accruing to Lessor under Article 4 during the term of this Lease.

  • MINERAL PROPERTIES (cont’d) b) BMP Project, Alaska (cont’d) Mining Lease (15 year initial term, and so long thereafter as commercial production continues) • Advance Minimum Royalty: Payments of USD 150,000 in years 1 – 3, USD 200,000 in years 4– 5 and USD 400,000 for year 6 and beyond (unless a feasibility study has been completed).

  • Lessee shall pay to the Payment Agent, the advance minimum royalties due to the Lessor in the amount and at the times listed below (each, an “Advance Minimum Royalty Payment”); provided, however, that if this Lease is terminated prior to the due date for the payment of any such Advance Minimum Royalty Payment, Lessee shall have no obligation to make any further Advance Minimum Royalty Payments, the due dates of which occur after such termination.

Related to Advance Minimum Royalty Payments

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Contract Quarter means a three-month period that commences on January 1, April 1, July 1 or October 1 and ends on March 31, June 30, September 30, or December 31, respectively.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Royalty Rate means the percentage defined in Exhibit B.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Gross advance amount means the sum payable to the payee or for the payee's account as consideration for a transfer of structured settlement payment rights before any reductions for transfer expenses or other deductions to be made from such consideration.

  • Sales Milestone Payment shall have the meaning set forth in Section 8.4.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Advance Payment shall have the meaning set forth in Clause 19.2; “Affected Party” shall have the meaning set forth in Clause 21.1;

  • Net Revenues means revenues less related expenses, including

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Advance Payments means the payments made by Customer in advance of delivery with respect of an Aircraft pursuant to Section 4.2 of the Purchase Agreement.

  • Gross Profits means the gross profits calculated under section 4;

  • Minimum Payments $50 (with respect to all funds in the aggregate.)

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Tax increment revenues means the amount of ad valorem property taxes and specific local taxes attributable to the application of the levy of all taxing jurisdictions upon the captured assessed value of real and personal property in the zone. Tax increment revenues do not include any of the following:

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Net Revenue means an entity’s total revenue less its operating expenses, interest paid, depreciation, and taxes. “Net Revenue” is synonymous with “Profit.”

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Most Referenced Definitions