Ad Valorem and Similar Taxes. All ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller and Buyer as of the Effective Time. Seller shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for the period of time from and after the Effective Time.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pedevco Corp), Purchase and Sale Agreement (Lucas Energy, Inc.)
Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller and Buyer as of the Effective Time. Seller shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for the period of time from and after the Effective Time.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Storm Cat Energy CORP), Purchase and Sale Agreement (Comstock Resources Inc), Purchase and Sale Agreement (Legacy Reserves L P)
Ad Valorem and Similar Taxes. All ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller Sellers and Buyer as of the Effective Time. Seller Sellers shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for the period of time from and after the Effective TimeTime with respect to the Assets.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Everflow Eastern Partners Lp), Purchase and Sale Agreement (Everflow Eastern Partners Lp)
Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller and Buyer Purchaser as of the Effective Time. Seller shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer Purchaser shall assume responsibility for the period of time from and after the Effective Time.
Appears in 2 contracts
Samples: Sale and Purchase Agreement (Eagle Mountain Corp), Stock Purchase Agreement (Ivanhoe Energy Inc)
Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller Sellers and Buyer as of the Effective Time. Seller Sellers shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for the period of time from and after the Effective Time.
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Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller and Buyer each Party as of the Effective Time. The Seller shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and the Buyer shall assume responsibility for such taxes attributable to the period of time from and after the Effective Time.
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Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance property and similar taxes and assessments based upon or measured by the value of the Assets shall be divided or prorated between Seller Sellers and Buyer as of the Effective Time. Seller Sellers shall retain assume responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for the period periods of time from and after the Effective Time.
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Ad Valorem and Similar Taxes. All ad Ad valorem, property, severance and similar taxes and assessments based upon or measured by the value of the Assets Assigned Interests shall be divided or prorated between Seller and Buyer as of the Effective Time. Seller shall retain responsibility for such taxes attributable to the period of time prior to the Effective Time and Buyer shall assume responsibility for such taxes attributable to the period of time from and after the Effective Time.
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