Royalty Agreement definition
Examples of Royalty Agreement in a sentence
The purpose of the Mining Pledge granted under this Agreement is to serve as a guaranty, and the Collateral to serve as security, in favor and for the benefit of the Secured Party in relation to the payment and performance of the Secured Obligations by the Payor and the Guarantors, when due under the Royalty Agreement.
Capitalized terms in the first letter that are not defined in this Agreement shall have the definitions assigned to them in the Royalty Agreement.
Secured Obligations The payment by the Payor and any Guarantor of the Royalty as agreed in the Royalty Agreement as well as the payment of any fees, expenses, indemnities, interest, collection fees (including attorney’s fees) and any other amount, obligation or liability, owed pursuant to or related to the payment of the Royalty.
Nature of the Secured Obligations The payment by the Payor and/or any Guarantor of the Royalty as agreed in the Royalty Agreement, as well as the payment of any fees, expenses, indemnities, interest, collection fees (including attorney’s fees) and any other amount, obligation or liability owed pursuant to or related to the payment of the Royalty (collectively, the “Secured Obligations”).