Production Royalty definition

Production Royalty means the royalty payable on the Subject Minerals calculated as set forth in Section 2 below.

Production Royalty has the meaning given to such term in Schedule “B”; and

Production Royalty means the payments provided for in Section 4.02.

Examples of Production Royalty in a sentence

• The Production Royalty, payable for each month in which the monthly average of the daily PM London gold fix is in excess of US$1,250 per ounce, is calculated at the rate of 20% of the dollar value of that excess for each ounce of gold produced from the property during that month, to a maximum royalty of US$90 per ounce.

• All Production Royalty Payments shall be paid by Lessee to Lessor on or before the 25th day of each calendar month on all coal mined and produced by Lessee from the Premises which was sold during the preceding calendar month and for which Lessee has received payment.

• For all coal mined and sold by Lessee from the Premises, Lessee shall pay to Lessor a Production Royalty Payment in an amount equal to seven percent (7%) of the Sales Price (as hereinafter defined) received by Lessee.

• Lessee shall keep records of truck scale weights, or river barge dead weight surveys, or railroad car weights, whichever is applicable, together with accurate surveys and progress maps used in conjunction with accepted and recognized engineering methods which shall be taken as the basis for payment of Production Royalty Payments.

• Each payment of Production Royalty Payments hereunder shall be accompanied by a statement from Lessee showing the number of tons of coal mined and sold during the preceding calendar month (showing separately coal produced by the strip, surface, auger or open-pit method of mining and coal produced by any other method of mining), the weighted average of the Sales Price and the computation of royalties payable on such coal so mined and sold during such calendar month.

More Definitions of Production Royalty

Production Royalty means the payments required to be paid pursuant to Article 7;

Production Royalty means the payments required to be paid pursuant to section 12.

Production Royalty refers to the royalty payable by Lessee to Lessor subsequent to the expiration of the Primary Term for Salt Shipped or on the Minimum Tons of Salt to be Shipped.

Production Royalty means the production royalty of three percent (3%) of the Net Smelter Returns from the production of minerals from the Unpatented Mining Claims as they exist at the execution date of this Agreement and a production royalty of one percent (1 %) of the Net Smelter Returns from the production of minerals from the Area of Interest. Stone agrees to grant a Production Royalty in writing to the Vendor in the lands and interests acquired by Stone in the Area of Interest; and

Production Royalty means the "Production Royalty" payable ------------------ pursuant to and in accordance with the Royalty Deeds.

Production Royalty has the meaning set forth in Section 4.1(a).

Production Royalty means the amount in dollars calculated by multiplying the 2% royalty reserved for 606896 times the Net Smelter Return.