Net Returns Royalty definition

Net Returns Royalty means the aggregate of: 1. all revenues from the sale or other disposition of ores, concentrates or minerals produced from the mineral properties arisen as from the Mineral Rights (the “Properties”); and 2. all revenues from the operation, sale or other disposition of any facilities the cost of which is included in the definition of “Operating Expenses”, “Capital Expenses” or “Exploration Expenses”; less (without duplication) Working Capital, Operating Expenses, Capital Expenses and Exploration Expenses.

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Net Returns Royalty means the total "Gross Sale Proceeds" or "Deemed Gross Sale Proceeds" less deduction for the following total actual costs paid by, charged to or otherwise incurred by GPM within that calendar quarter which are attributed to handling, treatment and sale of individual Minerals within that calendar quarter;

Net Returns Royalty means a royalty equal 1% of the gross proceeds actually received by the Party paying the royalty, in cash or products, from the sale of diamonds, precious metals, base metals or related products after deduction of all commissions, transportation and third Party refining costs;

Examples of Net Returns Royalty in a sentence

• Upon completion by Optionee of the 100% Option, the Optionee shall recognize to the Optionor a 2.5% Net Returns Royalty, where Net Returns Royalty has the meaning set out in Annex II (hereinafter the “NET RETURN ROYALTY”).

• Only the sale proceeds, if any, of such sampling in excess of one thousand (1,000) tons shall become subject to the Net Returns Royalty.

• If GPM commingles the tailings or waste material produced from the Property with tailings and waste material not produced from the Property, GPM shall record the tonnage amount and source of such tailings and waste material prior to commingling and a Net Returns Royalty, if any, shall be paid based upon a pro rata portion of the average production as determined as a percentage of the volume of the tailings or waste material stored.

• The Net Returns Royalty is defined in Exhibit "B" attached hereto and made a part hereof.

• GPM shall pay Owners a net returns production royalty of two and a half percent (2 1/2%) of the net returns for Minerals mined from the Property ("Net Returns Royalty").

• Should the cumulative cost of satisfying Continuing Obligations be in excess of cumulative amounts accrued in the Reclamation Account, each Member shall be liable for its proportionate share (i.e., its Ownership Interest at the time act, omission or circumstance giving rise to such liability occurred) of the cost of satisfying such obligations, whether or not one or more Members has previously withdrawn, reduced its interest or had its interest converted to a Net Returns Royalty.

• The purchase price for the Claims is deemed (a) ONE MILLION UNITED STATES DOLLARS to be paid at Closing by PPR in the form of (i) FIVE HUNDRED THOUSAND DOLLARS (US$) in good funds, (ii) FIVE MILLION shares of the common stock of BEI, and (b) a Net Returns Royalty of TWO percent of the proceeds of minerals mined and sold from the Claims by BEI (the “Royalty”).

• Lessee shall, on a quarterly basis and in conjunction with each quarterly Net Returns Royalty payment, transmit to Lessor an accurate statement of the amount of Oil Products removed and sold during the quarter for which royalties are paid, and the amount of Costs and Taxes.

• GPM also agrees to pay a one percent (1%) Net Returns Royalty on any other claims owned, acquired or controlled by GPM in the ▇▇▇▇▇▇▇▇▇▇ mining district between August 1, 1997 and December 31, 1999, including, but not limited to the claims and prospecting sites listed in Exhibit B, attached hereto.

• At the Transfer Date, the Company will convey to Optionor a three percent (3%) Net Returns Royalty (the “Royalty”) on the Property as defined in Schedule B.

More Definitions of Net Returns Royalty

Net Returns Royalty means a royalty calculated and paid as provided in Exhibit "C" hereto.

Net Returns Royalty shall have the meaning specified in Schedule D of Schedule C (Joint Venture Agreement) which is attached hereto;

Net Returns Royalty means a royalty interest, calculated as provided in Exhibit D, which shall be conveyed to a withdrawn Member under the circumstances set forth in Section 6.4. (bb) "NOTICE" shall have the meaning set forth in Section 19.1.