Laserfiche WebLink
<br /> <br />~ remove such property and equipment from the Property at the end of the lease term or upon any other <br />termination ofthis lease. Bradburys shall not be liable for payment of any utility or other charges for <br />asphalt plants, crushers, machinery, pumps, equipment, personal property, telephone lines, electric <br />lines and water lines installed by GJP. <br />' 6. In consideration of the lease of the Property hereunder, GJP agrees to pay to <br />Bradburys as follows: <br />A. GJP shall pay a production royalty to Bradburys at the following rates per ton <br />of sand and gravel (the "product") mined and removed from the Property under this lease: <br />i. The production royalty shall be $0.75 per ton of product, for product <br />which is removed from the Property by GJP for use on either (])the proposed Colorado State <br />Highway Department project to four-lane Highway 50 from Whitewater to Kannah Creek, <br />or (2) the proposed Colorado State Highway Department project to four-lane Highway SO <br />' from Kannah Creek to a point south of Kannah Creek; and <br />ii. The production royalty shall be $O.SO per ton of product for all product <br />t which is mined and removed from the Property by GJP other than the product described in <br />Paragraph 6.A.i., above. <br />B. Subject to the provisions ofParagraph 7, below, no production royalty shall <br />be payable to Bradburys unless and until the product is removed from the Property. <br />C. GJP shall provide Bradburys with a written statement as to all product <br />removed by it during the preceding month and, subject to the provisions of Paragraph 7, <br />below, shall make payments to Bradburys of any royalty due by the 20th day of each month. <br />Such statements shall indicate whether the product was removed for purposes indicated in <br />Paragraph S.A.i. or in S.A.ii. of this lease. <br />D. GJP shall install scales and weigh all materials before or at the time of removal <br />from the Property and shall preserve the weight tickets. Bradburys shall have the right to <br />~ ~ review the weight tickets during GJP's normal business hours. <br />7. GJP shall pay advance royalties to Bradburys as follows: <br />' D:V.~AHIGIPIPEIBRADBURYIIEASE <br />-4- <br /> <br />