Royalty Deed definition

Royalty Deed means the deed between the Company, Glencore and CMPL, under which CMPL is required, on a quarterly basis, to pay to Glencore a royalty equal to 1.5% of Net Smelter Returns (as defined in the Royalty Deed) and grant security interests created as a result of the Royalty Deed. Net Smelter Returns are equal to the gross revenue minus permitted deductions for all marketable and metal-bearing copper material, in whatever form or state, that is mined, produced, extracted or otherwise recovered from the Royalty Area. Glencore has the right to transfer its interest in the Royalty Deed (subject to limited restrictions, and subject to a right of last refusal granted to CMPL) and the security created as a result of the Royalty Deed.

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Royalty Deed means the Royalty Deed for the NSR in the form of Exhibit E.

Royalty Deed shall have the meaning ascribed to that term in Section 2.4(a) of this Agreement.

Examples of Royalty Deed in a sentence

• The Royalty Deed will provide that Grantor shall pay to Grantee a perpetual royalty, determined in accordance with this Schedule E, in an amount equal to 1.50% of Net Smelter Returns (the “Royalty Percentage”) from all Product produced from the Royalty Property.

• Therefore, it is further understood and agreed that MSX shall remain liable for all Net Returns that may become due to Glamis under this Royalty Deed, regardless of any transfers by MSX, its successors or assigns, of all or any interest in the Cerro San ▇▇▇▇▇ Project or in the Properties.

• The Minority Royalty of the Minority Interest Holder shall be a royalty interest in and a burden upon the properties included in the Nevada JV Assets existing as of the date it becomes a Minority Interest Holder (the “Royalty Property”), which will be more particularly described in the Royalty Deed.

• The Quit Claim Deed and Assignment shall be recorded in the Pershing County records before the Royalty Deed is recorded.

• Nevada JV will be the “Grantor” under the Royalty Deed and the Minority Interest Holder will be the “Grantee” under the Royalty Deed.

More Definitions of Royalty Deed

Royalty Deed means the form of Royalty Deed attached to this Agreement as Exhibit C.

Royalty Deed means that certain Perpetual Non-Participating Production Royalty Deed executed by Wildcat in favor of Lender of even date herewith, and all amendments and modifications thereto, in the form attached as Exhibit C.

Royalty Deed means the net smelter royalty deed dated the same date as this Agreement.

Royalty Deed means a Production Royalty Deed, in the form attached hereto as Exhibit C by and between A▇▇▇▇▇ ▇▇▇▇▇ and P▇▇▇▇▇▇▇ Royalty Company, a wholly owned subsidiary of Stockholder, pursuant to which M▇. ▇▇▇▇▇ grants a 1% net smelter returns production royalty to Pershing Royalty Company on all minerals produced from certain claims leased to the Gold Operating Subsidiaries by M▇. ▇▇▇▇▇.

Royalty Deed means the Hong Kong law governed royalty deed entered or to be entered into between the Borrower and the Agent.

Royalty Deed shall have such meaning as set forth in Section 3.01(c).

Royalty Deed has the meaning given in Section 5.