Examples of Royalty Agreements in a sentence
During each of 2004, 2005, 2006 and 2007, the Company entered into separate Royalty Agreements (“Agreements”) whereby it sold a basic royalty on a portion of the gold production at its Seabee Gold Operation.
Awalé is required to pay a 2% net smelter royalty to Sandstorm on any products sold from the Awalé and Aforo properties as detailed in the Net Smelter Returns Royalty Agreements dated December 29, 2017.
The royalties are payable on all products which include any and all metals, minerals and products or by-products thereof.The Royalty Agreements are secured over the Company’s subsidiary, CMLB, which holds the Company’s mineral rights in Cornwall, UK, and a share charge over CML’s holding in CMLB.
The Borrower shall not, and shall not suffer or permit any other Obligor or any Specified Entity to be a party to any streaming, prepaid metal sales financing arrangements (other than Permitted Indebtedness) with respect to metals not yet produced or to any royalty arrangement (other than the Royalty Agreements) or to any offtake finance agreement (other than the Offtake Agreements entered into in the ordinary course and any provisional or true-up payments thereunder).
Also, it includes costs of the Caspian Star project (USD 885 thousand) for construction of apartments and offices in Aktau.