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ASS IGHEErS WAR M11 I E S
<br /> • I . Assiynue warrants that it will cutply with the terms of a
<br /> lease document dated April 17, 1979, and thu addendum theroto (Exhibit
<br /> "A") , spocific..rl ly aSsuminy all obl1g,at ion•, r.f the, a:.•, minor (Lo;•.•a;) ua
<br /> forth thoroin excupi as othorwi •.o pr ovido,l herein .
<br /> 2. All payn,unt-, of royoIIiu-, of any tr(,n under ttm I•;n•.v and
<br /> addendum, who t her 1 hey be, t he, r oya I t i o•, u I Gl. 5`, (wr r tit)i ydr d der i nq
<br /> the first year of the initial term of the It!,;,e or por cubic y,ird
<br /> during the subsuyuent two year of the initr,il rurm of the, oasu or dn/
<br /> renewals thereafter (hereinafter referred to ds the "base lease royalty") ;
<br /> or whuther they be delay rentals as sot forth in the ..r)d•.ndum to the
<br /> lease (hereinafter referred to as "delay rentals") ; or whether the/ be
<br /> override royalties as hereinafter- defined (Itoruinaftor referred to as
<br /> "override royalties") , shall be due and payable, as follows :
<br /> A. By the az✓; ignee to the assi•nor five ( �) r!dy•, prior to
<br /> Iho date when Ihu err• iru duo fr om 'tho •r•••• i )n•rr ( I r•v.•..�) tr, th" t '"""'r ,
<br /> i .u. the, base Ioay.0 royoll ies .rnd uvor'ridu ruy , llius d•, •.�:romof t.:r
<br /> dotinod shal I be, due and { dyable by the, to tin: .+ .•, i )nur uu r,r
<br /> bufuro the Ion tIt of each month to lowing the, rnc,nih dur ing ..hicli 1L"
<br /> ;Bdierldl was romovud from the premise5 after Itiitint I'ursu.;nt
<br /> to the addendum, delay rentals Shot I he diun .Ind poyahlr, It/ the a;; irur;o
<br /> To tho assignor un or before ine• 2S1h, prior to the first, of each month ,
<br /> commenting October 1 until inininq cor••mencc
<br /> B. t!iwri recei (,t ut royaltie°, .ter ry rent,i I ,nr,r
<br /> sha11 maku the iale al Icv,•rfion , pdyl 'n; 1-, '11— i ,, -..,r un c,r
<br /> ihu Iiftcunlh of ouch month Ili(,, L.t°.c royalIit •lu—, •�r : r,,, .,r but..r ,; tt.r•
<br /> I it st of each riufWi , .my del .iy r ant.rk. Iht r v• ; r 1 1t• r y rl 1 i.... •.h•rl I br•
<br /> the, ass iynors put :,,i,r•r1 I I h i S j t. iy III o[1 ,1,;1 r rn. it .
<br /> G. uv.qrido ruyalti Is hur in.rlLtr I..f i I ,h.tlI ru ;n
<br /> W. 10 per ton on a l l mal or i a Is t umuved fro:, t he pt the
<br /> mot Ior of -this assiynmunt.
<br /> D. In mahiny remittances of ih,: base Iedso ro/dIties and
<br /> ovurrico royalties, the ass ipoo shall forward to the ❑,signor , wilt, its
<br /> payment, a monthly report for that month precediny for which payments
<br /> are made, showing tiro quantity of maIcridI loaded , by yard, for calculation
<br /> of the base lease royalty and by ton for calculation of the override
<br /> r oya l ty. " LR IT 0" Source of Legal Right. to Ditor
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