Royalty Proceeds means amounts owing
Royalty Proceeds means the share of proceeds or other
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.
Examples of Royalty Proceeds in a sentence
The purpose of the Company is to purchase, hold and manage the Acquired Assets, distribute Royalty Proceeds to the Members, and to engage in any and all activities necessary or incidental thereto; And any other lawful activity for which an LLC may be organized.
The Member shall determine and distribute Royalty Proceeds, along with unaudited financial statements, to the Members no later than 30 days after the end of each calendar quarter in which Company receives a royalty payment.
More Definitions of Royalty Proceeds
Royalty Proceeds has the meaning set forth in Section 6.11(a).
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
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 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, 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;