Common use of Contest of Property Tax Valuation Clause in Contracts

Contest of Property Tax Valuation. OPERATOR shall timely and diligently protest to a final determination any valuation it deems unreasonable. Pending such determination, OPERATOR may elect to pay under protest. Upon final determination, OPERATOR shall pay the taxes and any interest, penalty or cost accrued as a result of such protest. In either event, OPERATOR shall charge each PARTY its share.

Appears in 6 contracts

Samples: Joint Operating Agreement (Ridgewood Energy K Fund LLC), Agreement (Beta Oil & Gas Inc), Joint Operating Agreement (Ridgewood Energy L Fund LLC)

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