Existing Royalties definition

Existing Royalties has the meaning set forth in Section 6.4.3.

Existing Royalties means the obligation to pay royalties to third parties as indicated in Exhibit E.

Existing Royalties means the royalties described in Schedule “A” payable to various third parties on certain Monster Lake Mining Rights ;

Examples of Existing Royalties in a sentence

• The Company is now working on a step out drilling program to identify additional resources.

• In FY 2009, the Postal Service experienced a 26 billion piece drop in mail volume, the largest decline in its history.

• Balmoral will assume, fulfill and perform all of the obligations and liabilities of American Bonanza in relation to ownership or control of the Purchased Interest as at the Effective Date under all contracts and commitments of American Bonanza related to the Purchased Interest including the Existing Royalties and Rights and American Bonanza’s obligations under the Exploration Agreement with Option to Purchase dated July 17, 1998 between Cyprus Canada Inc.

• Each of the Partners represents that it is not aware of any material facts or circumstances that have not been disclosed in this agreement, which should be disclosed to the other Partner in order to prevent the representations and warranties in this Agreement from being materially misleading, other than the Existing Royalties.

• The members of the CSG Group hereby grant to Xxxxxx the sole and exclusive right and option, in accordance with the other provisions of this Article 4, on or before the third anniversary of the Effective Date (“First Option Deadline”), to acquire a 49% Earned Interest, free and clear of all Encumbrances except the Existing Royalties (“First Option”).

More Definitions of Existing Royalties

Existing Royalties means (i) the CFEM statutory royalty imposed by Laws 7990/1989 and 8001/1990 (as amended), which is currently set at 1.5% of gross revenue, and may be amended from time to time by a Governmental Authority; (ii) a landowner royalty on any of the Mining Properties that is provided for in the Brazilian Mining Code (Decree-law No. 227/1967); and (iii) any royalty granted by the Mine Owner to a third party seller of any interest in the Mining Properties set out in Schedule A, Part 2 on acquisition of such interest by Mine Owner.

Existing Royalties has the meaning specified in the Option Agreement.

Existing Royalties means those royalties set forth in Schedule "C" attached hereto.

Existing Royalties means the lessors' royalties, overriding royalties, reversionary interests and similar burdens granted in accordance with normal and customary practice listed in Schedule "E" hereto, which for greater certainty, shall not include: (i) royalties held by entities owned or controlled, directly or indirectly, by Oren Xxxxxx xx which otherwise are insiders (as that term is defined in the United States Bankruptcy Code) of Oren Xxxxxx; (xi) royalties granted to collateralize any outstanding obligation of any kind to any entity or (iii) any recoupment claim or royalty owed by any of the Vendors or Subsidiaries to Nuclear Developers, Ltd.;

Existing Royalties means the 3% net smelter return royalty that was reserved by and granted to Eagle Trail in respect of the minerals from the Mineral Rights described in Schedule A pursuant to an agreement between Eagle Trail and Guinness, which royalty was subsequently subdivided into 3 royalties (2 of which were assigned) that are currently payable as follows:

Existing Royalties means the royalties as detailed in the Underlying Agreements;

Existing Royalties means those particular royalties encumbering the Property as of the Closing Date and defined herein as the Xxxxxxxx Royalty, the Xxxxxxxx-Xxxxx Royalty, the ARO-NV Third Party Royalty, the ARO-NV-Xxxxxx Royalty and the TXAU-Xxxxxx Royalty and no others;