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What is the definition of a royalty payer?

April 26, 2017definition payer Royalty

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What is the definition of a royalty payer?

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A royalty payer is either a Royalty Client as defined under the Natural Gas Royalty Regulation, 2009, an Operator, as defined under the Petroleum Royalty Regulation, 2009 or an Operator as defined under the Oil Sands Royalty Regulation, 2009.