Royalty Holder definition

Royalty Holder means the party or its successors or assigns that becomes entitled to a Royalty, as provided in the Agreement, it being agreed that as of the date of the Agreement, the Royalty Holder is AHL Holdings Ltd.

Royalty Holder means Minera Rio Tinto, S.A. de C.V.,

Royalty Holder means AHL Holdings Ltd.;

Examples of Royalty Holder in a sentence

• Each such quarterly payment to the Royalty Holder shall be accompanied by a statement in reasonable detail showing the calculation of the payment.

• The Royalty Holder, upon written notice, shall have the right to have an independent firm of certified public accountants audit the records that relate to the calculation of the Net Smelter Return Royalty within two (2) months after receipt of a payment under Section 2.3.2. hereof.

• The Royalty Holder shall be deemed to have waived any right it may have had to object to a payment made for any calendar quarter, unless it provides notice in writing of such objection within 2 months after receipt of final payment for the calendar quarter.

• All notices, payments and other required communications (herein “Notices”) permitted or required hereunder shall be in writing, and shall be addressed to the respective domiciles of the Grantor and the Royalty Holder in the form and as set out in the Agreement to which this Schedule is attached.

• Furthermore, the right to receive such Net Smelter Return Royalty as and when due shall not be deemed to constitute the Grantor the partner, agent or legal representative of the Royalty Holder or to create any fiduciary relationship between them for any purpose whatsoever.

More Definitions of Royalty Holder

Royalty Holder shall, collectively, mean the Concessionaires and their respective permitted successors and assigns,

Royalty Holder means “Owner”, as defined in the Agreement, his heirs, executors and assigns;

Royalty Holder means the entity entitled to receive the Royalties and "Net Smelter Returns" means, subject to section 2 hereof, the actual amount of payment received or deemed to have been received by the holder(s) of a 100% working interest (the "Owner") in the Properties from any refiner, smelter, mill, mint, processor or other treatment facility or purchaser (collectively, a "Purchaser") for ores, concentrates, precipitates, bullion and/or minerals (the "Products") mined and extracted from the Properties, including from the reprocessing and/or sale of any tailings and/or residues produced from or located on the Properties and delivered for treatment and/or sale. In calculating Net Smelter Returns, there shall be deducted. therefrom only: (i) the costs of transporting Products (except ore) from the Properties to a Purchaser; (ii) sampling, assaying, representation and umpire charges made or levied in connection with the sampling and assaying carried out after the Products (except ore) have left the Properties; (iii) all charges and penalties for smelting, refining and/or similar treatment of, the Products; (iv) insurance premiums for insurance of the Products (except ore) after the Products have left the Properties; (v) any government royalties, duties and other assessments and any sales, excise, production, extraction, ad valorem, goods and service and other taxes on the Products (but not income taxes or Quebec mining duties) if such charges are based on production of Products or payable out of the net or gross proceeds received or shown as deductions therefrom; and For greater certainty, no custom milling or other similar treatment or beneficiation charges incurred on or off the Properties shall be deducted in calculating Net Smelter Returns. The Royalty Holder further acknowledges and agrees that the Owner shall have the right to market and sell or refrain from selling Products in any manner it may elect, that the Owner shall have the right to engage in forward sales, future trading or commodity options trading, and other price hedging, price protection, and speculative arrangements which may involve the possible delivery of Products and that the Royalty Holder shall not be entitled to participate in any profits nor be obligated to share in any losses generated by said activities. Accordingly, with respect to gold or silver produced, the actual amount of payment received by the Owner shall in all cases be deemed to be the amount equal to the relevant number of ounce...

Royalty Holder has the meaning set forth in the recitals.

Royalty Holder means Giauque Holdings Ltd., a private company controlled by David Webb’s family trust.

Royalty Holder means Recreation Properties, Ltd., 000 Xxxx 00xx Xxxxxx, Xxxxx X, Xxxxx, Xxxxxxxx 00000-0000, the holder of the Royalties;

Royalty Holder means Sprott Private Resource Streaming and Royalty (US Collector), LP, a limited partnership existing under the laws of the State of Delaware, and its successors and permitted assigns.