Underlying Royalty means any royalties on the Claims that are part of the lease, purchase or option of said Claim from the owner or any royalties that may be imposed by the provincial government;
Underlying Royalty means the royalty to be paid to the Underlying Royalty Holder; and
Underlying Royalty means the Net Smelter Returns Royalty granted to Xxxxxx Dodge Corporation of Canada, Limited pursuant to the Xxxxxx Dodge Agreement.
Examples of Underlying Royalty in a sentence
On October 28, 2014, the Company was notified that Noka exercised its right to reduce the Underlying Royalty rate from 5% to 2% by issuing 3,000,000 shares to the original property vendors.
The Underlying Royalty rate can be reduced from 5% to 2% by Noka through the issuance of shares.
The Underlying Royalty is subject to a purchase right in favour of the Company, exercisable by the Company by paying $500,000 for each 0.5% of the Underlying Royalty.
In the event the Optionee does not make the election aforesaid within the period of 30 days, the Optionor may acquire the Underlying Royalty for its own account.
The Underlying Royalty rate can be reduced from 5% to 2% by Pacton through the issuance of shares.
More Definitions of Underlying Royalty
Underlying Royalty means the Net Smelter Return granted to Perry English pursuant to the English Agreement;
Underlying Royalty means the royalty to be paid to the Underlying Royaltyholder, on the terms and conditions set out in Schedule “B”; and
Underlying Royalty means the existing 3.0% net smelter return royalty on certain concessions comprising the Panuco Project.
Underlying Royalty has the meaning attributed to such term in Recital A hereto, as described in Schedule “B”.
Underlying Royalty means the 4% net smelter return in respect to the Unification Paco property and the Discordia property referred to on Schedule "A" and in the Underlying Agreement.
Underlying Royalty means the 2.5 % Net Smelter Returns granted to Xxxxxxx by RNC pursuant to the Mineral Property Agreement.
Underlying Royalty means the one point three percent (1.3%) net smelter return royalty which is due and payable by the Optionee to order and direction of OY SES Finland Ltd. in connection with certain of the mineral claims comprising the Property which were recently acquired by the Optionee from OY SES Finland Ltd. in 2006; and