Second Priority. Payment of subordinated smelter license royalties owed to MMC (in the event that smelter license royalties owed to MMC pursuant to the Smelter License Agreement are subordinated as provided in Section 12.8).
Appears in 2 contracts
Sources: Joint Venture and Shareholders Agreement (Freeport McMoran Copper & Gold Inc), Joint Venture and Shareholders Agreement (Freeport McMoran Copper & Gold Inc)