Examples of Advance Royalty Payments in a sentence
Advance Royalty Payments and any payments made to satisfy the Minimum Royalty Guarantee are not refundable.
Such Advance Royalty Payments shall be paid to Xxxxxxx and in equal payments of Twelve Thousand Five-hundred Dollars ($12,500 USD), made quarterly, on or before the expiration of Forty-five (45) days after the reporting close of each prior calendar quarter.
The above mentioned Advance Royalty Payments would apply as long as PLATA REAL maintains any rights to THE LOT or any portion thereof, or any other mineral interest within the Area of Influence of Clause Seventeen and until commercial production commences on THE LOT.
All Advance Royalty Payments paid by PLATA REAL to LA CUESTA prior to production would be credited against the Royalty that becomes due as provided in the Fifth Clause.
It is expressly understood that, should PLATA REAL initiate commercial production, and should the Royalty referred to herein above be determined and same be less than the amount of the minimum Advance Royalty Payments described in Clause Six, PLATA REAL shall continue paying to LA CUESTA every six months, the amount of $20,000 United States dollars (twenty thousand United States dollars).
Advance Royalty Payments made in common stock shall be paid on the basis of the previous 90 day moving average price but not less than $.10 per share.
At the election of the Licensee, the first and second Advance Royalty Payments may be paid in cash or in shares of restricted common stock of Regent Technologies, Inc.
In the case where commercial production has commenced on THE LOT, but the calculated Royalty is less than the minimum Advance Royalty Payments as described above, then the Advance Royalty Payment would apply.
Advance Royalty Payment: If, within 4 years of the Approval Date we have not commenced production, you will receive from us Advance Royalty Payments of $5,000 per year and; if such production has not commenced within 6 years of the Approval Date, then Advance Royalty Payments will increase to $10,000 per year.
Advance Royalty Payments (current portion included in Prepaid Expenses and Other) The Company is required, under certain royalty lease agreements, to make minimum royalty payments whether or not mining activity is being performed on the leased property.