Crown Royalty definition

Crown Royalty or "Crown Royalties" means the payments to be made to the Province of Alberta pursuant to the Alberta Crown Agreement or under the generic crown royalty scheme;
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Crown Royalty or “Crown royalties” means the payments to be made to the Province of Alberta pursuant to the Syncrude Royalty Amending Agreement and the Syncrude Bitumen Royalty Option Agreement or under the generic Crown royalty regime;
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Crown Royalty means the royalty payable or royalty share of Petroleum Substances deliverable to the Ministry pursuant to the Regulations;
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Examples of Crown Royalty in a sentence

  • Bank shall have the right without the consent of or notice to any Borrower to sell, assign, transfer, negotiate, or grant participation in all or any part of, or any interest in, Bank’s obligations, rights and benefits hereunder.

  • T▇▇ ▇▇ ▇▇▇ ▇▇ ▇▇▇ : Section 30, All Oil Sands from top Peace River to Base Pekisko Portion of Alberta Crown Oil Sands Lease 740307A365 50% 40% 10% 100% (i) Crown Royalty (ii) GOR of 3% on 40% of production payable by NAOL to Andora THIS IS SCHEDULE “B” ATTACHED TO AND FORMING PART OF THE DEMONSTRATION PROJECT JOINT OPERATING AGREEMENT MADE AS OF JULY 30, 2▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ OIL LTD., ANDORA ENERGY CORPORATION AND DEEP WELL OIL & GAS (ALBERTA) LTD.

  • Effective as of the date of this Agreement, the Agreement to Market Crown Royalty Bitumen dated February 16, 2011 between the parties (the “Original Marketing Agreement”) is hereby amended and restated as set forth in this document effective as of November 7, 2012.

  • APMC and the Marketing Agent entered into an Agreement to Market Crown Royalty Bitumen dated February 16, 2011 which the Parties wish to amend and restate as of November 7, 2012.

  • Mannville ------------------------------------------------------------------------------------------------------------------------------------ Alberta Crown PNG Lease # SW & Lsds 11 & 12 of 26, 12-5 W4M 20% Crown Royalty & 0.5% GOR payable to 0403030044 Petroleum to base Mannville Covenant Resources Ltd.

  • This Agreement is entered into as contemplated by and as a companion to an “Agreement to Process Crown Royalty Bitumen” (the “Processing Agreement”) concurrently entered into between the parties to this Agreement.

  • Capitalized terms used in this Schedule have the definitions as set out in the Agreement to Process Crown Royalty Bitumen (the “Processing Agreement”) entered into between Alberta Petroleum Marketing Commission and North West Redwater Partnership.

  • ENCUMBRANCES Crown Royalty payable to the Province of Alberta A six and one half (6.5%) Gross Overriding Royalty (GOR) payable to Nearshore Petroleum Corporation This is a Summary Schedule “B” attached to and forming part of a Joint Operating Agreement dated as of December 9, 2004 among DEEP WELL OIL & GAS, INC.


More Definitions of Crown Royalty

Crown Royalty means a amount payable to the government of the applicable Canadian province in relation to the production of petroleum, natural gas or related hydrocarbons from an oil or gas well located on Crown lands;
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Crown Royalty means the money the Government collects from the resource development industry, where Government owns the resource. A royalty is a type of tax on a company or individual who is taking a resource. The amount of money which an individual or company has to pay to Government as a royalty depends upon the amount of the resource which is produced in any given year and upon the royalty rates prescribed in Government’s legislation.
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