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

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

  • 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.

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

  • 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.

  • 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.

  • The New Royalty Framework for Alberta was announced on October 25, 2007 by Premier Ed Stelmach.

  • On the Effective Date, the Amended and Restated Royalty Rights Agreements and the New Royalty Rights Agreements shall constitute legal, valid, binding, and authorized obligations of the Reorganized Debtors, enforceable in accordance with their terms.

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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 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 or payments actually paid by the Company or its Affiliates to an unaffiliated third party for the right to use or exploit technology, products or proprietary rights of such third party to create or sell Licensed Product/s, which third party’s rights would otherwise be infringed or violated.

  • 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 amounts (including, without limitation, payments received for the purchase of equity in excess of the fair market value of such equity, license fees, milestone and other time or event based payments and royalties on sales of products, but excluding any research funding payments received and actually used for such purpose) received by a Party under an agreement or license attributable to Collaboration Products or from sales of Collaboration Products to end users less any withholding tax or other tax related reductions.

  • 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 Product means, either (a) an Alnylam Royalty Product, or (b) an Inex Royalty Product.

  • Royalty Interest is defined in Section 1.01.

  • Milestone Payments means payments made in connection with any Permitted Acquisition or other acquisition (including any license or the acquisition of any license) of any rights in respect of any drug or other pharmaceutical product (and any related property or assets) to sellers (or licensors) of the assets or Equity Interests acquired (or licensed) therein based on the achievement of specified revenue, profit or other performance targets (financial or otherwise).

  • License Fees means all non-refundable fees payable by Licensee to OT with respect to the granting of Software Licenses; “License Model” means the description of the conditions, limitations and restrictions associated with the Software License which govern the use of the Software, as set out in the applicable License Model Schedule;

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