Common use of For Other Minerals Clause in Contracts

For Other Minerals. “Net Smelter Returns”, in the case of all Minerals other than Precious Metals and the beneficiated products thereof (“Other Minerals”), shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production and delivered to the Payor by (ii) the average of the New York Commodities Exchange final daily spot prices of the appropriate Other Mineral for the Delivery Month, and subtracting from the product of (i) and (ii) only the following if actually incurred:

For Other Minerals. “Net Smelter Returns”, in the case of all Minerals other than Precious Metals and the beneficiated products thereof (“"Other Minerals”"), shall be determined by multiplying (i) the gross amount of the particular Other Mineral contained in the Monthly Production and delivered to the Payor by (ii) the average of the New York Commodities Exchange final daily spot prices of the appropriate Other Mineral for the Delivery Month, and subtracting from the product of (i) and (ii) only the following if actually incurred:

For Other Minerals. “Net Smelter Returns”", in the case of all ------------------ ------------------- Minerals other than Precious Metals and the beneficiated products thereof (“"Other Minerals”"), shall be determined by multiplying (ia) the gross amount of -------------- the particular Other Mineral contained in the Monthly Production and delivered to the Payor during the preceding calendar month by (iib) the average of the New York Commodities Exchange final daily spot prices reported for the preceding calendar month of the appropriate Other Mineral for the Delivery MonthMineral, and subtracting from the product of (iSubsections 1.4(a) and (ii) only the following if actually incurred:1.4