NSR Royalty definition

NSR Royalty has the meaning assigned to it in Paragraph 2.1.

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NSR Royalty has the meaning ascribed to it in section 2.5 below.

NSR Royalty means a net smelter returns royalty to be paid by the Optionee to the Optionor pursuant to Part 5 of this Agreement;

Examples of NSR Royalty in a sentence

The Optionee may purchase the remaining 2% of the NSR Royalty for an additional $1,000,000.
At Owner discretion and election, the payment of Precious Metals NSR Royalty may be paid in Cash or In-kind as defined in Exhibit B.
The Payee may request an audit of the sales and related financial records maintained by the Payor be conducted to verify the calculation of the NSR Royalty for a particular calendar quarter.
In addition to Claimholder's NPI, Claimholder hereby reserves a five (5%) percent net smelter returns royalty ("NSR Royalty") for all commodities produced.
The Payor shall be required to build a sampling tower and the Parties shall retain independent mining consultants to determine the pro rata amount which is subject to the NSR Royalty and the decision of the independent mining consultants shall be binding on the Parties.

More Definitions of NSR Royalty

NSR Royalty means net smelter return royalty.

NSR Royalty means a net smelter returns royalty to be paid by Candente pursuant to Subsection 10.1, all as further set out in Schedule "B";

NSR Royalty has the meaning set out in Section 4.1;

NSR Royalty means a net smelter return royalty payable by the Optionee to the Optionor equal to two percent (2%) on the proceeds from production, as described in Schedule “B” for all minerals derived from the Property, and subject to the provisions of Section 4.1;

NSR Royalty has the meaning attributed to that term in Section 4.5;

NSR Royalty means the 1.5% copper only net smelter return royalty granted by Target to Glencore Operations Australia Pty Limited under the Glencore NSR Royalty Agreement.

NSR Royalty means net smelter return royalty, being a royalty based on the gross proceeds received from the sale of minerals less the cost of smelting, refining, freight and other related costs.