NSR Royalty has the meaning ascribed to it in section 2.5 below.
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";
Examples of NSR Royalty in a sentence
Upon the commencement of Commercial Production, XRI shall pay to EPL a royalty equal to 2% of the Net Smelter Returns with respect to the Property, on the terms set out in Schedule “B” (the “NSR Royalty”), provided that one half (1/2) of the NSR Royalty may be bought down at any time upon payment to EPL of $2,000,000 (for a remaining net NSR Royalty of 1%).
Upon such notice, EPL shall take all necessary steps to immediately transfer to XRI an undivided 80% legal and beneficial right, title and interest in and to Property, free and clear of any Adverse Interests, subject only to the NSR Royalty.
More Definitions of NSR Royalty
NSR Royalty means the 2% net smelter returns royalty to be paid to the Optionor in respect of the Property pursuant to the royalty terms attached as Schedule B hereto.
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 has the meaning attributed to that term in Section 4.5;
NSR Royalty has the meaning set forth in Section 2(A).
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 has the meaning set forth in section 4.1;
NSR Royalty means a defined percentage of the NSR.