Altius Royalty definition

Altius Royalty means the three percent (3%) gross sales royalty in favour of Altius on iron ore concentrate from the Kami Project as set out in the Altius Royalty Agreement;
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Examples of Altius Royalty in a sentence

  • The General Partner will assume, on behalf of the Partnership, all rights and obligations under the Altius Royalty Agreement.

  • The Managing General Partner will assume, on behalf of the Partnership, all rights and obligations under the Altius Royalty Agreement.

Related to Altius Royalty

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

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

  • Royalty means an interest in an oil and natural gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof) but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

  • Minimum Royalty means the minimum royalties set forth in Schedule 1. Each Party represents and warrants that: it has the full legal right, power, and authority to execute, deliver, and perform its obligations under this Agreement, and has taken or will take all necessary actions to do so; and its performance of this Agreement constitutes legally binding obligations and will not result in: (i) a breach or default under any agreement or commitment to which it is a party or by which it is bound; or (ii) a violation of any applicable law, regulation, court order, or government directive.

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.