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

  • 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.

  • 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.

  • 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.


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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Related to Crown Royalty

  • 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 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.

  • Net Sales means [***].