NSR Royalty definition

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

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

NSR Royalty means net smelter return royalty.

Examples of NSR Royalty in a sentence

• The reasonable expenses of any audit or other examination permitted hereunder shall be paid by Payee, unless the results of such audit or other examination permitted hereunder disclose a deficiency in respect of the NSR Royalty payments paid to Payee hereunder greater than $5,000, in which event the costs of such audit or other examination shall be paid by the Payor.

• The Payor shall, prior to such stockpiling or commingling, measure, weigh and analyze samples of such commingled materials in accordance with sound mining and metallurgical practices and the Payor shall keep accurate records as a basis for computing any NSR Royalty payments.

• Payee may, from time to time, perform audits or other examinations of all of the books and records of the Payor to confirm the calculation of the NSR Royalty and compliance with the terms of the Agreement including this Appendix.

• If the Payor elects to extract Minerals of value therefrom and utilizes or sells the same, the Payee shall receive payments in respect of the NSR Royalty during Commercial Production of such Minerals.

• Payee shall be named as a loss payee on all property, liability and other insurance policies held by Payor and relating to the Properties, the Minerals or the NSR Royalty.

More Definitions of NSR 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 forth in Section 3.1;

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

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 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 a defined percentage of the NSR.