Royalty Proceeds definition

Royalty Proceeds means amounts owing

Royalty Proceeds means any and all net cash proceeds that the Republic (or Staatsolie as the Republic’s agent) receives from the sale of Royalty Barrels by the Trading Company pursuant to the Marketing Contract during the Oil-linked Securities Period, and such “net cash proceeds” shall mean the proceeds of sales of Royalty Barrels received from buyers of such Royalty Barrels minus the marketing fees and taxes due to the Trading Company, in accordance with the provisions of the Marketing Contract, and for the avoidance of doubt includes (without limitation) the following amounts received under the Marketing Contract in respect of such royalty in kind: (i) the proceeds of any insurance claim, (ii) debts which have been collected, (iii) amounts received after the enforcement of any credit support in connection with the Marketing Contract, (iv) amounts refunded or paid to Staatsolie pursuant to the audit provisions in the Marketing Contract, and (v) the proceeds of any damages claim.

Royalty Proceeds has the meaning set forth in Section 6.11(a).

Examples of Royalty Proceeds in a sentence

• The foregoing sentence does not restrict the right of Assignor to deduct Chargeable Costs in calculating the volumes of the Term Royalty Gas or Term Royalty Proceeds.

• In the event that Assignor overestimates the cost of any Taxes for which it has set aside Reserved Amounts, the excess amount shall be applied against any other Chargeable Costs (which shall be reduced by an amount equal to such excess Reserved Amounts so expended), or paid as Term Royalty Proceeds in the month following the month in which it is determined that Assignor has set aside excess Reserved Amounts.

• Assignor may thereafter conclusively rely upon the authority of those Persons to receive payments of Term Royalty Proceeds and shall be under no further duty to inquire into the authority or performance of such Persons.

• If more than five Persons are ever entitled to receive payment of any part of the Term Royalty Proceeds, Assignor may suspend payments of all Term Royalty Proceeds until the concurrent owners or claimants of the Term Royalty Interest or the right to receive payment of Term Royalty Proceeds appoint no more than five Persons in writing to receive all payments of Term Royalty Proceeds on their behalf.

• Term Royalty Proceeds shall be calculated by multiplying the volume of Term Royalty Gas (on an mcf basis) for the applicable month by the Sales Price less the Chargeable Costs associated with such Term Royalty Gas for the applicable month.

More Definitions of Royalty Proceeds

Royalty Proceeds means the share of proceeds or other

Royalty Proceeds means the share of proceeds or other revenue derived from or attributable to any production of oil and gas attributable to the royalty share, without deduction or

Royalty Proceeds means the gross amount of the proceeds received by the Company on account of the Company’s ownership of the Acquired Assets, less the Administrative Expenses.

Royalty Proceeds means any cash and other consideration received by DTTNP pursuant to the Royalty Agreement, any assets held by DTTNP due to investing such cash and other consideration and any assets held as a return on or realization of such investments.

Royalty Proceeds means the share of proceeds or other revenue derived from or attributable to any production of oil and gas attributable to the royalty share, but shall not include payments of bonus, delay rentals or shut-in royalties;

Royalty Proceeds means the share of proceeds or other revenue derived from or attributable to any production of oil and gas attributable to the royalty share, but shall not include payments of bonus, delay rentals, shut-in royalties or any additional royalty payable to the Commissioners of the Land Office or other governmental entity, pursuant to and valued according to the terms of its oil and gas lease, which is calculated separately from the royalty portion of actual proceeds from the sale of oil or gas;

Royalty Proceeds means the gross amount of the proceeds received by the Company on