Net Returns means the Gross Value received by the Grantor from the sale or other disposition of Minerals, less the following expenses incurred by the Grantor with respect to such Minerals after they leave the Property, as the case may be:
Net Returns for a Calendar Quarter in respect of all of the Products means the Returns less the Allowable Deductions.
Net Returns means for any period the amount of earned revenues actually paid to and received by Xxxxx by any refinery or other purchaser of metals, ores, minerals or mineral substances, or concentrates produced therefrom for products mined from the Property, less all of the following.
Examples of Net Returns in a sentence
Any time following the grant of the Royalty and with a minimum of thirty (30) days prior written notice to the Grantee (the "Reduction Notice"), the Grantor shall have, in its sole discretion, the right and option to purchase one percent (1.0%) of the Royalty (such that the remaining Royalty shall be reduced to 1.0% of Net Returns) for a price equal to $1,000,000 (the "Reduction Price") payable to the Grantee.
More Definitions of Net Returns
Net Returns means the Gross Returns from any and all ores, metals, minerals and materials of every kind and character found in, on or under the Claims ("Valuable Minerals"), extracted, produced and sold or deemed to have been sold from the Claims, less all Allowable Deductions.
Net Returns means the total consideration , in any form, including equity, receivable by the Managing Party from third parties based on exploiting the Project IP minus all IP Protection and Commercialisation Costs incurred by the Managing Party, but excluding research funds received from third parties for further development of the Project IP.
Net Returns inventory previously sold that has been returned to warehouses designated and owned, leased or otherwise controlled by the Borrower and its Subsidiaries for investigation and/or repair of claimed defects.
Net Returns means Gross Proceeds (as defined in Section 2.3(a) below) less Costs and Expenses (as defined in Section 2.3(b) below).
Net Returns has the meaning established in Exhibit B.
Net Returns means the net amount of money or other net proceeds received from the sale of ore, concentrates, sponge, bullion, or any other form in which minerals or materials (metallic or non-metallic) are produced from the Property after deduction of all treatment charges, penalties, cost of ore in transit, smelter charges, transportation costs or other charges made by a purchaser of the product and all umpire charges which Sterling may be required to pay.
Net Returns shall have the meaning specified in Exhibit D.