Common use of Net Smelter Returns Clause in Contracts

Net Smelter Returns. For the purposes of this Agreement, the term "Net Smelter Returns" shall mean the net proceeds actually paid to the Optionee from the sale by the Optionee of minerals mined and removed from the Property, after deduction of the following:

Appears in 2 contracts

Sources: Option Agreement (Capital Mineral Investors Inc), Option Agreement (Capital Mineral Investors Inc)

Net Smelter Returns. For the purposes of this Agreement, the term "Net Smelter Returns" shall mean the net proceeds actually paid to the Optionee Purchaser from the sale by the Optionee Purchaser of minerals mined and removed from the Property, after deduction of the following:

Appears in 1 contract

Sources: Purchase Agreement (Capital Mineral Investors Inc)