Rock Royalty definition

Rock Royalty means the amount of royalty from time to time payable to the Optionor after Commencement of Commercial Production from the sale of Rock pursuant to Section 11.06.
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Rock Royalty means the amount in dollars calculated by multiplying the 7.5% royalty reserved for 606896 times the Gross Rock Revenue;
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Examples of Rock Royalty in a sentence

  • As of the Closing Date, it has no Subsidiaries and currently has no equity position in any other Person with the exception of Panwood Oil and Gas Company, 5400 Investors, LLC., Providence Energy Joint Venture No. 2 , and White Rock Royalty Partnership No.1. .

  • The Purchaser acknowledges the Seller’s interest in and entitlement, subject only to the Leader Option, to the Advance Royalty, to the Production Royalty and to the Rock Royalty, all of which shall be calculated and paid as set out in Schedule “III” of Schedule “C” attached hereto and to the Production Share Payment described in Section 10 below, provided that the Purchaser maintains an ownership interest in the Mineral Claims pursuant to either this Agreement or the Joint Venture Agreement.