Royalty Interests definition

Royalty Interests means, collectively, the royalty interests created under each of the Conveyances.

Royalty Interests means, collectively, the Perpetual Royalty Interests and the Term Royalty Interests.

Royalty Interests has the meaning set forth in the recitals to this Agreement.

Examples of Royalty Interests in a sentence

• Independent petroleum engineers estimate the net proved reserves attributable to the Royalty Interests.

• Management estimated the fair value of the Royalty Interests by calculating the difference between the present value of the future payment stream using management's estimate of a market interest rate of approximately 15% and the face value of the loan being USD$25 million and the stated interest rate of the loan (7%).

• These Royalty Interests are over potential future projects which have not yet been defined.

• Revenues from Royalty Interests are recognized in the period in which amounts are received by the Trust.

• As a result, the Company has determined the fair value of the Royalty Interests by estimating the fair value of the consideration received.

More Definitions of Royalty Interests

Royalty Interests means all Royalties now owned or hereafter acquired by or for the benefit of a Credit Party, in or relating to a Project, with the Collateral Royalties in existence as of the Closing Date described on Schedule 1.1(a) hereto and all other Royalties (other than the Collateral Royalties) in existence and held by a Credit Party as of the Closing Date described on Schedule 1.1(d) hereto, and all Metals received or receivable with respect thereto, now held or hereafter acquired by a Credit Party, whether pursuant to a Royalty Agreement or otherwise.

Royalty Interests has the meaning set forth in Section 5.10(a).

Royalty Interests means the royalty interests conveyed to the Trust by the Conveyances.

Royalty Interests means any royalty, overriding royalty, net profits interest, production payment, master limited partnership interest or other interest in properties containing aggregate reserves or the right to receive (or to cause another Person to receive) all or a portion of the production or the proceeds from the sale of production attributable to such reserves.

Royalty Interests means, whether now owned or hereafter acquired, existing now or in the future, any and all overriding royalty interests (including participating and non-participating interests), royalty interests, net profits interests, production payment interests, non-cost bearing ownership interests, and all other leasehold burdens or burdens upon Hydrocarbon production and similar rights, titles, interests or estates owned by or for the benefit of the Loan Parties related to (i) Hydrocarbons that may be produced and saved and (ii) any other Hydrocarbon Interests.

Royalty Interests means royalty and overriding royalty interests owned by the Settlement Class Members.

Royalty Interests means all carried profits, net profits, net revenue, royalty interests (including the obligation attributable thereto to pay all ad valorem, property, production, severance and similar taxes and assessments based on or measured by the ownership of Petroleum and Natural Gas Rights or the production of Petroleum Substances in respect of such Petroleum and Natural Gas Rights) and similar Petroleum and Natural Gas Rights reserved or payable (by way of a share in production of Petroleum Substances or by way of money) to any Person or entity.