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
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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

  • 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 Royalty Owner shall reimburse to the Grantor 99% of all Non-Deductible Crown Royalties paid by the Grantor in respect of the Properties or the production of Petroleum Substances therefrom.

  • 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.

  • The Grantor shall be entitled to set off Monthly Royalty Payments against amounts reimbursable to it pursuant to this Section 2.9. However, the Grantor may, in its sole discretion, waive its right to reimbursement of any Non-Deductible Crown Royalties to the extent of the amount of Non-Deductible Crown Royalties payable by the Grantor.

  • Total fees or compensation to be paid by DISTRICT to CONSULTANT for CONSULTANT’s services described herein shall not exceed $30,000 without a mutually acceptable, written amendment hereto.

  • 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.

  • For greater certainty, the NPI Holder shall not be obligated to reimburse to the Grantor any amounts with respect to Crown Royalties incurred by the Grantor.