Common use of Production Taxes Clause in Contracts

Production Taxes. (a) Except as disclosed in Schedule 4.14, during the period of Seller’s ownership of the Assets, all ad valorem, property, production, severance, and similar taxes and assessments (including penalties and interest) based on or measured by the ownership of the Assets, the production of Hydrocarbons, or the receipt of proceeds therefrom that have become due and payable before the Effective Time have been properly paid, other than taxes which have been contested in good faith.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc), Purchase and Sale Agreement (Petroquest Energy Inc)

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Production Taxes. (a) Except as disclosed in Schedule 4.144.13, during the period of Seller’s ownership of the Assets, all ad valorem, property, production, severance, severance and similar taxes and assessments (including penalties and interest) based on or measured by the ownership of the Assets, the production of Hydrocarbons, Hydrocarbons or the receipt of proceeds therefrom that have become due and payable before the Effective Time have been are being properly paid, other than taxes which have been are being contested in good faith.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (W&t Offshore Inc), Purchase and Sale Agreement (Callon Petroleum Co)

Production Taxes. (a) Except as disclosed in Schedule 4.144.16, during the period of Seller’s ownership of the Assets, all ad valorem, property, production, severance, severance and similar taxes and assessments (including penalties and interest) based on or measured by the ownership of the Assets, the production of Hydrocarbons, Hydrocarbons or the receipt of proceeds therefrom that have become due and payable before the Effective Time have been are being properly paid, other than taxes which have been are being contested in good faith.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Houston Exploration Co), Purchase and Sale Agreement (Houston Exploration Co)

Production Taxes. (a) Except as disclosed in Schedule 4.145.15, during the period of Seller’s ownership of the Assets, all ad valorem, property, production, severance, severance and similar taxes and assessments (including penalties and interest) based on or measured by the ownership of the Assets, the production of Hydrocarbons, Hydrocarbons or the receipt of proceeds therefrom that have become due and payable before the Effective Time have been are being properly paid, other than taxes which have been are being contested in good faithfaith (which are described on Schedule 5.15).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Energy Partners LTD)

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Production Taxes. (a) Except as disclosed in Schedule 4.14, to Seller’s Knowledge, during the period of Seller’s ownership of the Assets, all ad valorem, property, production, severance, and similar taxes and assessments (including penalties and interest) based on or measured by the ownership of the Assets, the production of Hydrocarbons, or the receipt of proceeds therefrom that have become due and payable before the Effective Time have been properly paid, other than taxes which have been contested in good faith.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Petroquest Energy Inc)

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