New Royalty definition

New Royalty means any royalty or other charge or tax imposed on or in relation to the extraction, recovery or mining of minerals (including, for example, a resource rent tax) after the Ratification Date;
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New Royalty means the 1.5% net smelter returns royalty in respect of the Property in the form of the agreement attached hereto as Schedule “B”.
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New Royalty has the meaning given in clause 15.4(f);
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Examples of New Royalty in a sentence

  • After 2015, the Syncrude Project will be subject to the New Royalty Framework that applies to the entire oil sands industry.

  • The Confirmation Order shall be deemed to constitute approval of the New Royalty Rights Agreement and all the transactions contemplated therein, and all actions to be taken, undertakings to be made, and obligations to be incurred in connection therewith, and authorization of the Reorganized Debtors to enter into and execute the New Royalty Rights Agreement and such other documents as may be required in connection therewith.

  • On the Effective Date, the Reorganized Debtors shall enter into the New Royalty Rights Agreement with Iroko.

  • Subsequently, CG Power created 5 fixed deposits with IndusInd Bank aggregating to Rs.229 crore and the balance Rs.65 crore out of Rs.294 crore was utilized by CG Power.AHL and CG Power entered into Avantha Brand Usage Agreement dated 31.02.2019 (“New Royalty Agreement), while the New Royalty Agreement was executed between AHL and CG Power, it is understood that AHL and CG Power were still in talks to revise the terms pertaining to consideration payable by CG Power to AHL.

  • Information on the Alberta Royalty Framework Details on the changes to the Natural Gas Deep Drilling Program, New Royalty Formula and Gas Cost Allowance are available on the Alberta Energy Internet address: www.energy.alberta.ca.From “Our Business”, navigate to “Natural Gas”, “Legislation, Guidelines & Policies”, “Gas Royalty Information Bulletins”.

  • On January 1, 2009, the Alberta government’s New Royalty Framework came into effect.

  • Alberta royalties are based on the New Royalty Framework including the Transitional Royalties which came into effect January 1, 2009, the Drilling Royalty Credit and the New Well Incentive Program, which were both announced March 3, 2009.

  • In the event Licensee is required to pay third party royalty(ies) on patents not owned by USC in order to manufacture, use or sell a PRODUCT, then the royalty rate on the NET SALES PRICE of such PRODUCT shall be reduced by the following formula: New Royalty Rate = (SPACE) minus either (i) (SPACE) or (ii) (SPACE) of the royalty rate owed to the third party, whichever is less.

  • In the event Licensee is required to pay third party royalty(ies) on patents not owned by USC in order to manufacture, use or sell a PRODUCT, then the royalty rate on the NET SALES PRICE of such PRODUCT shall be reduced by the following formula: New Royalty Rate = minus either (i) one and or (ii) of the royalty rate owed to the third party, whichever is less.

  • However, where NCT holds less than 50% of the voting rights in any such company (but more than 30%), then that company shall cease to have the benefit of the New Royalty Rates as described in paragraph (b) of the definition of Royalty Rate in the General License.


More Definitions of New Royalty

New Royalty means section 102 of the Act in force upon the coming-into-force of section 23 of an Act to Amend the Quartz Mining Act, S.Y. 2008, c. 19.
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Related to New Royalty

  • Royalty Payments has the meaning set forth in Section 7.3.1.

  • Royalty Payment has the meaning set forth in Section 6.1.

  • Royalty means an interest in an oil and natural 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.

  • Minimum Royalty has the meaning set forth in Section 4.4(c).

  • Royalties means all royalties, fees, expense reimbursement and other amounts payable by a Loan Party under a License.

  • 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.

  • Third Party Royalties means royalties payable by either Party to a Third Party in connection with the manufacture, use or sale of Franchise Products.

  • Royalty Year means, (i) for the year in which the First Commercial Sale occurs (the “First Royalty Year”), the period commencing with the first day of the Calendar Quarter in which the First Commercial Sale occurs and expiring on the last day of the Calendar Year in which the First Commercial Sale occurs and (ii) for each subsequent year, each successive Calendar Year.

  • Overriding Royalty Interest means an interest in the oil and gas produced pursuant to a specified oil and gas lease or leases, or the proceeds from the sale thereof, carved out of the working interest, to be received free and clear of all costs of development, operation, or maintenance.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Sublicense Income means any payments that Company receives from a Sublicensee in consideration of the sublicense of the rights granted Company under Section 2.1., including without limitation license fees, royalties, milestone payments, and license maintenance fees, but excluding the following payments: (a) payments made in consideration for the issuance of equity or debt securities of Company at fair market value, and (b) payments specifically committed to the development of Licensed Products.

  • Sublicense Fees shall have the meaning set forth in Section 7.3 below.

  • Royalty Rate means the percentage defined in Exhibit B.

  • Sublicensing Revenue means all fees, royalties and other compensation paid to LICENSEE by any Sublicensee for performing any rights or licenses which are subject to this Agreement. If the compensation is other than cash, then the Sublicensing Revenue shall be the cash equivalent of such other than cash compensation.

  • Royalty Period means the partial calendar quarter commencing on the date on which the first Licensed Product is sold or used and every complete or partial calendar quarter thereafter during which either (a) this Agreement remains in effect or (b) Company has the right to complete and sell work-in-progress and inventory of Licensed Products pursuant to Section 8.5.

  • Sublicense Revenue means [***].

  • Net Sales means [***].

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • Sublicense Revenues means [***].

  • Royalty owner means any owner of oil and gas in place, or oil and gas rights, to the extent that the owner is not an operator as defined in subsection (17) of this section;

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Royalty Interest is defined in Section 1.01.

  • Milestone Payments means, collectively, the Development Milestone Payments and Sales Milestone Payments.

  • License Fees means the license fees, including all taxes thereon, paid or required to be paid by Licensee for the license granted under this Agreement.

  • Royalty Report has the meaning set forth in Section 6.3(a).

  • Milestone Payment means a payment identified in the Implementation Plan to be made following the issue of a Satisfaction Certificate in respect of Achievement of the relevant Milestone;