Crown Royalties definition

Crown Royalties with respect to any period, means any amount paid or payable to or received or receivable by the Crown respecting such period by virtue of an obligation imposed by statute or a contractual obligation substituted for an obligation imposed by statute such as a royalty, tax (other than municipal or school tax), lease rental, or bonus or other amount in lieu (or in respect of the late or non-payment) thereof that may be reasonably regarded as being in relation to petroleum and natural gas rights or the production of Petroleum Substances;
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Crown Royalties means, with respect to any period, any amount paid or payable to or received or receivable by the Crown, with respect to such period, by virtue of an obligation imposed by statute or a contractual obligation substituted for an obligation imposed by statute such as a royalty, tax (other than municipal or school tax), lease rental, or bonus or other amount in lieu (or in respect of the late or non-payment) thereof that may be reasonably regarded as being in relation to petroleum and natural gas rights or the production of Petroleum Substances;
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Crown Royalties means royalties or other payments payable to any government in Canada in respect of the acquisition, development or ownership of or production from the Properties, including, without limitation, the Saskatchewan surcharge payable by resource corporations.
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Examples of Crown Royalties in a sentence

  • If production recommences from zones previously ordered to be shut-in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • Such royalty reduction was initially prescribed in December 2004, retroactive to the date of shut-in of the gas production.If production recommences from zones previously ordered to be shut-in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • The Royalty Owner shall reimburse to the Grantor, ninety nine percent (99%) of all Non-Deductible Crown Royalties payable by the Grantor in respect of the Properties or the production of Petroleum Substances therefrom, provided that the Grantor may at its sole discretion elect to waive its right to any part of or all of such reimbursement.

  • The Farmers’ Advocacy Office has concerns about the Board’s apparent jurisdictional expansion by including non-regulator permitted land uses in their entry orders, and in the process awarding less compensation than Crown Royalties charged for those items.

  • Such royalty reduction was initially prescribed in December 2004, retroactive to the date of shut-in of the gas production.If production recommences from zones previously ordered to be shut- in, gas producers may pay an incremental royalty to the Crown on production from the reinstated pools, along with Alberta Gas Crown Royalties otherwise payable.

  • The Purchaser shall cause the Company to preserve such data and other information as may reasonably be required in connection with a Tax Return or returns relating to Alberta Crown Royalties, as the case may be, of the Company for any taxation year or fiscal period ending on or prior to Closing, until the end of any applicable limitation period under any applicable law with respect to Taxes or Alberta Crown Royalties, as the case may be.

  • We estimate 2007 annualized Crown Royalties to be approximately $665 million ($465 million after tax) based on three months of actual results together with 2007 forward crude oil pricing of US$63.14 per barrel as at March 31, 2007; current forecasts of production, capital and operating costs for the remainder of 2007; and a Canadian/US foreign exchange rate of $0.87.

  • Redcherries Red Crown Royalties W G Redfield Carmen Redmond Redstone Gas Partners LLC Dennis Rehrig Representative Dennis Rehberg Jessica Rhoades Robert B.

  • The NPI Holder shall reimburse to the Grantor ninety-nine percent (99%) of all Crown Royalties payable by the Grantor in respect of the Property Interests or the production of Petroleum Substances therefrom.

  • We estimate 2007 annualized Crown Royalties to be approximately $590 million ($430 million after tax) based on sixFor more information about Suncor Energy visit our website www.suncor.com Suncor Energy Inc.

Related to Crown Royalties

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

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

  • Third Party Royalties means royalties or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

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

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

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • 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.

  • Sublicensing Revenue means all amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Sublicense Revenues means [***].

  • Royalty means an interest in an oil and 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.

  • Net Smelter Returns means the gross proceeds received by the Purchaser in any year from the sale of Product from the mining operation on the Property, less successively: (i) the cost of transportation of such Product to a smelter or other place of treatment, and (ii) smelter and treatment charges;

  • Sublicense Revenue means [***].

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

  • Net Sales means [***].

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

  • 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.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Royalty Interest is defined in Section 1.01.

  • Net Revenues means revenues less related expenses, including

  • Net Smelter Return means the aggregate proceeds received by the Optionee from time to time from any smelter or other purchaser from the sale of any ores, concentrates, metals or any other material of commercial value produced by and from the Property after deducting from such proceeds the following charges only to the extent that they are not deducted by the smelter or other purchaser in computing the proceeds:

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • License year means the period of time for which a