Laserfiche WebLink
.... .i'. '. - - _ - <br />B8Gic223b PhGE 1'J`-iO <br />ROYALTIES. United shall pay Ford a royalty of <br />t ,pe ton for each ton (2000 lbs) of sand, gravel and related materia removed from <br />the Leased remises. <br />t=_uaran <br />ore c <br />are nun wi ~ ns actua <br />removed and sold i <br />ROYALTY payment <br />Reclamation Permit. <br />mum annual royalty payments totaling T <br />of the first five (5) years. Payments made <br />removed and sold shall constitute a cu <br />e future over the term of the L as <br />ha be due upon the issuance of the lot <br />my Thousand Dollars <br />ier this paragraph that <br />ive credit against tons <br />The first PRE-PAID <br />r Division of Minerals <br />5. ACCOUNTIN No sand, gravel or r ated materials shall be removed <br />from the Leased Premises wit ut being weighed o certified scales, and United shall <br />maintain an accurate record of 11 such removals. United shall, on a monthly basis, <br />generate a report showing actual to s removed and ebit that amount against the Pre-Paid <br />credit. If during any one year p riod the Pr Paid amount is exceeded and any <br />accumulated credit is exceeded, the al; <br />following the month of removal. Ford o <br />reasonable notice to United, during nor <br />United's, and to engage, at its expense, ; <br />nce du will be paid by the 25th of the month <br />its age is shall have the right at any time, upon <br />d~al b siness hours, to inspect such records of <br />`rein eoendent audit of such records. <br />b. ROYALTY DISPUTE. If h e should arise any dispute as to whom the <br />royalties hereunder are payable, then Unit d ma interplead royalties into court until any <br />controversy as to the entitlement to pay nt shall ave been resolved. Such interpleading <br />shall not be deemed a default hereunde .Ford sha indemnify and hold harmless United <br />against any demand by any other part whatsoever r any right to compensation for the <br />removal and sale of sand, grave] an related material from the Leased Premises. <br />7. CONTINGENC <br />following provisions. United <br />any of the provisions cannot <br />7,1 United <br />alignment, which provides <br />IBS. United <br />[ This entire agr <br />until March 1, 1997 to <br />:solved, this Lease bect <br />be successful in their eft <br />to the Leased Premises, a <br />nt is contingent upon the <br />'ve these contingencies. If <br />null and void. <br />to declare the B Road <br />is Right-of--Way. <br />7,2 Unjfed must successfully obtain a Mesa Co <br />Permit allowing the a tvities necessary for the extraction and sale <br />4. PR <br />tees Ford 'r <br />f a <br />Conditions[ Use <br />nd and gravel. <br />2 <br />