Common use of PERSONAL PROPERTY TAX Clause in Contracts

PERSONAL PROPERTY TAX. Each Joint Owner will be responsible and liable for, and will indemnify, defend and hold the other Joint Owners harmless from liability for, personal property taxes assessed on such Joint Owner’s interest in the Aircraft.

Appears in 3 contracts

Samples: Aircraft Joint Ownership Agreement, Aircraft Joint Ownership Agreement (Nelnet Inc), Aircraft Joint Ownership Agreement (Nelnet Inc)

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PERSONAL PROPERTY TAX. Each Joint Owner will be responsible and liable for, and will indemnify, defend and hold the other Joint Owners harmless from liability for, personal property taxes assessed on such Joint Owner’s 's interest in the Aircraft.

Appears in 2 contracts

Samples: Aircraft Joint Ownership Agreement, Aircraft Joint Ownership Agreement (Nelnet Inc)

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