Royalty definition

Royalty means an interest in an oil and gas lease that gives the owner of the interest the right to receive a portion of the production from the leased acreage (or of the proceeds of the sale thereof), but generally does not require the owner to pay any portion of the costs of drilling or operating the wells on the leased acreage.

Royalty means an interest, including an overriding royalty and a net profits interest, in gross production or the proceeds therefrom which does not require the owner thereof to bear any of the cost of production, development, operation or maintenance.

Royalty has the meaning set forth in Section 3.1.

Examples of Royalty in a sentence

• This Royalty Agreement shall be governed by and construed in accordance with the laws of _.

• Faculty are responsible for determining, in advance, the terms of sponsorship and executing a Copyright/Patent Royalty Agreement with the sponsor.

• Royalty income from copyrighted materials and patents shall be distributed as listed below.

• Royalty Fees and Licence Fees mean Fees designated as such in Market Data Fees or XXX Form 1, as amended from time to time by NZX in accordance with this Agreement.

• Xxxx Xxxxxx Current Lessee of Record: ZPZ Delaware I LLC, Northern Oil & Gas, Inc., CM Resources, LLC, Colgate Production, LLC Description of Land Committed: SW/4SW/4 of Section 34, T19S-R28E, Xxxx Number of Acres: 40 Royalty Rate: 12.5% Name and Xxxxxxx XXXX Owners: Colgate Royalties, LP – 0.07751770, Xxxxxxx X.

More Definitions of Royalty

Royalty has the meaning set forth in Section 4.1.

Royalty has the meaning set forth in Section 2(a).

Royalty has the meaning set forth in Section 5.1.

Royalty shall have the meaning ascribed in Section 4 below.

Royalty means a payment made as a consideration for the use of or the right to use—

Royalty means any amount, paid in money or in kind, in respect of Mines and Minerals produced by a Person holding an Existing Mineral Right, but not including any payment made for a service, for the creation of special purposes funds, for the issuance of a right or interest or for the granting of an approval or authorization, any payment required regardless of the ownership of the Mines and Minerals, or any payment for incentives.

Royalty. ’ means any payment based on the value or volume of production which is due to the United States or an Indian tribe or an Indian allottee on production of oil or gas from the Outer Continental Shelf, Federal, or Indian lands, or any minimum royalty owed to the United States or an Indian tribe or an In- dian allottee under any provision of a lease;