Net Profit Interests definition

Net Profit Interests means a share of production or proceeds from production derived from rights to various commodity assets (without the obligation to pay any of the costs of explorations and development).
Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may
Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may provide for a minimum or maximum dollar amount per year or in total, may be for an indefinite or fixed period of time, and may be based upon operating or net profits in excess of a base amount.

Examples of Net Profit Interests in a sentence

  • As of the date of this Management’s Discussion and Analysis (“MD&A”), Abitibi Royalties holds interests amongst others, in the following assets: The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Returns (“NSR”) and Net Profit Interests (“NPI”), is jointly operated by Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc.

  • Abitibi Royalties holds interests amongst others, in the following assets: The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Returns (“NSR”) and Net Profit Interests (“NPI”), is jointly operated by Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc.

  • Pursuant to the Final Sale Order, Bennu acquired the Purchased Assets burdened by certain ORRIs and Net Profit Interests (as defined in the Final Sale Order), including those that are the subject of the underlying adversary proceedings.

  • As of the date of this Management’s Discussion and Analysis, Abitibi Royalties holds interests amongst others, in the following assets:The Canadian Malartic Mine, where Abitibi Royalties owns various Net Smelter Returns (“NSR”) and Net Profit Interests (“NPI”), is jointly operated by Agnico Eagle Mines Limited (“Agnico Eagle”) and Yamana Gold Inc.

  • This Net Profit Interests Agreement will be effective on September 2, 2003.

  • This amended and restated agreement replaces the Amended and Restated Net Profit Interests Agreement made effective as of September 2, 2003 between Baytex Energy Ltd., as Grantor, and Baytex Energy Trust, as the NPI Holder.

  • The parties covenant and agree that they will execute any other instruments and documents that (i) are requested by West Coast; (ii) may become necessary or convenient to effectuate and carry out the purposes of this Operating Agreement; or (iii) may become necessary or convenient to obtain minimum withholding tax liabilities relating to West Coast's Net Profit Interests.

  • The Net Profit Interests acquired by an I/P Partnership may not exceed 75% of the net profits attributable to the aggregate Working Interests in all of the Producing Properties acquired by the Partnerships together.

  • Net Profit Interests A share of production or proceeds from production derived from rights to various commodity assets (without the obligation to pay any of the costs of explorations and development).

  • Net Smelter Return Royalties and Net Profit Interests generally E-13 FRANCO-NEVADA MINING CORPORATION LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) (tabular amounts in thousands of Canadian dollars except where otherwise indicated) comprise a one-time acquisition cost.


More Definitions of Net Profit Interests

Net Profit Interests means rights to receive a percent of operating or net profits that may be either fixed or variable, may provide for a minimum or maximum dollar amount per year or in
Net Profit Interests shall have the meaning ascribed to those terms in Section 2.7(a).

Related to Net Profit Interests

  • Net Profit means such profit as is calculated in accordance with paragraph 61;

  • Net Income means, with respect to any specified Person, the net income (loss) of such Person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends, excluding, however:

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.