Proration of Taxes. Payment of any and all state and local real property and personal property taxes levied on the Property and not otherwise provided for in this Agreement shall be prorated between the parties as of the closing of any transaction on the basis of a thirty (30) day month. The parties acknowledge that there are presently no real property taxes assessed against unpatented mining claims, including the unpatented mining claims which constitute the Property.
Appears in 12 contracts
Samples: Mining Lease Agreement, Mining Lease and Option to Purchase Agreement (Romarco Minerals Inc), Mining Lease and Option to Purchase Agreement (Romarco Minerals Inc)
