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

  • Net Crown Royalty Volume = Gross Crown Oil Royalty Volume * Transition Relief Multiplier2.

  • It is our understanding that the Option Lands are in good standing and that they are unencumbered except for the applicable Crown Royalty and except where indicated above.

  • Enhanced Oil Recovery Calculation Update (Release 18.0.0)‌PAS EOR calculation, using the Transition Relief Multiplier in the injection scheme master (introduced in Release 15), has been corrected to eliminate a potential rounding issue related to Net Crown Royalty volume.

  • The royalty trigger factor will determine the transportation adjustment to the reference price at each facility.• If you do not file the AEUB Facility to Meter Station Connection Report, the facilities that you operate will receive a default royalty trigger factor of 0 for the Crown Royalty charge type.

  • To view the changes in the UDF handbook, go to the Natural Gas website’s Royalty Related Information page, under Crown Royalty Detail Statement (April 2008).

  • Royalty Relief Volume = Gross Crown Oil Royalty Volume - Net Crown Royalty Volume Note: There are no changes to the following:EOR calculation prior to 2014-01• Prior to 2014-01, EOR was calculated with a total relief volume entered for the injection scheme and allocate back to the wells on the injection scheme.

  • It is our understanding that the Option Lands are in good standing and that they are unencumbered except for the applicable Crown Royalty.

  • REMINDERSChanges to the Crown Royalty Default Report 7ABWG99999 PURDISP to IF 8Statutory Requirement and Recalculation of 2009 Royalty 8Audits in Progress 8Industry Recalculation of 2009 Royalty 9F.

  • 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.

  • In addition to the Injection Well Incentive, under the Crown Royalty and Incentive Regulation, M.R 109/94, incremental recoverable reserves attributed to a project of enhanced recovery are classified as third tier oil.


More Definitions of Crown Royalty

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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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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Related to Crown Royalty

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

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

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

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

  • 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.

  • 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.

  • 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.

  • 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;

  • Royalty Interest is defined in Section 1.01.

  • 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 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.

  • 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.

  • 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.

  • 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:

  • 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 interest owner means a person or the estate of a person, other than a working interest owner, who owns the right to or interest in any portion of the oil and/or gas, or proceeds from the sale thereof, from a tract.

  • NSR means net smelter return.

  • Sublicense Revenues means [***].

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

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

  • Sublicense Revenue means [***].

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

  • Royalty Rate means the percentage defined in Exhibit B.

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

  • Net Sales means [***].

  • License year means the period of time for which a