Advance Royalty definition

Advance Royalty means the offset contemplated which would allow payments for rent, bonuses, and damages under the terms of the lease to be deducted from the amount of the royalty due to the lessor when the mining operation actually begins.

Advance Royalty has the meaning set forth in Section 12.

Advance Royalty means a payment under a Federal lease in advance of ac- tual production when authorized by the authorized officer to be made in lieu of continued operation. Payments made under the minimum production clause, in lieu of actual production from a Fed- eral lease issued prior to August 4, 1976, and not readjusted after August 4, 1976, are not advance royalty under the pro- visions at 43 CFR 3483.4

Examples of Advance Royalty in a sentence

• If NFLP terminates this License, for the Fiscal Year in which termination occurs ("Termination Fiscal Year") Licensee shall pay NFLP the Royalty on all sales of the Licensed Products made during the Termination Fiscal Year or a pro rated portion of the Minimum Royalty Guarantee owed in excess of the Advance Royalty Payment ("Termination Guarantee"), whichever is greater.

• Licensee may credit the Advance Royalty Payment and Royalty payments made to NFLP during each Fiscal Year to the Minimum Royalty Guarantee for the corresponding Fiscal Year only.

• Regardless of whether any sales occur during any Fiscal Year, Licensee shall also pay NFLP the applicable Advance Royalty Payment and Minimum Royalty Guarantee for each Fiscal Year during the Term.

• Advance Royalty Payments and any payments made to satisfy the Minimum Royalty Guarantee are not refundable.

• Licensee may not credit such amounts to the Advance Royalty Payment, Minimum Royalty Guarantee or any other payment required under this License for any other Fiscal Year.

More Definitions of Advance Royalty

Advance Royalty means four and one-half percent (4.5%) of the Gross Receipts of Licensee for a given period from an individual Sublicensee or an individual entity other than a Sublicensee.

Advance Royalty shall have the meaning set forth in Section 7 hereof.

Advance Royalty has the meaning as defined in Schedule G.

Advance Royalty has the meaning given to that term in section 4.2;”; and

Advance Royalty is: U.S. $15,625

Advance Royalty means a payment under a Federal lease in advance of actual production when authorized by the District Mining Supervisor to be made in lieu of continued operation. Payments made under the minimum production clause, in lieu of actual production from a Federal lease issued prior to 1977 and not readjusted after August 4, 1976, are not advance royalty under the provisions at 30 CFR 211.23.

Advance Royalty means a royalty payable by the Corporation and IMM to 606896 of $18,000 and a further $18,000 on July 31 each year in the event commercial production has not commenced on the Harrison Lake Mineral Claims on or before July 31, 2008 if the Corporation and IMM continue to hold an interest in the Harrison Lake Mineral Claims;