NSR Royalty definition

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

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 net smelter return royalty.

Examples of NSR Royalty in a sentence

• The vendors retain a 1% NSR Royalty on the property, subject to the Company’s right to purchase the NSR at any time for US$1.4 million.

• Western has the option to repurchase 0.75% of the NSR Royalty (resulting in a rate of 2%) for US$59 million if the amount is paid on or before December 31, 2017.

• The property is subject to an underlying 3% NSR Royalty, from which the Company may buy-back 2.0% at a price of $500,000 per one-half percentage point bought back.

• As of February 28, 2012, AXMIN elected to take a 1.5% NSR Royalty Interest in the Gora Deposit, located on the Sounkounkou permit.

• The terms of the NSR Royalty also provide that commencing 36 months after the effective date, minimum annual payment payable to the Optionor pursuant to the NSR Royalty will be $20,000.

More Definitions of NSR Royalty

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 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 has the meaning attributed to that term in Section 4.5;

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 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.

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.