Common use of Proration of Taxes Clause in Contracts

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.

Appears in 3 contracts

Samples: Purchase Agreement, Mining Lease and Option to Purchase Agreement (Max Resource Corp.), Mining Lease and Option to Purchase Agreement (Max Resource Corp.)

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Proration of Taxes. Payment of any and all state and local real property and personal property taxes levied on the property Surface of 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.

Appears in 2 contracts

Samples: Geothermal Lease Agreement (Nevada Geothermal Power Inc), Geothermal Lease Agreement (Nevada Geothermal Power Inc)

Proration of Taxes. Payment of any and all state and local real property and personal property taxes levied on the property Property, if any, 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.

Appears in 1 contract

Samples: Exploration Option Agreement (Ioneer LTD)

Proration of Taxes. Payment of any and an all state and local real property and personal property taxes levied on the property Surface of 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.

Appears in 1 contract

Samples: Geothermal Lease Agreement (Nevada Geothermal Power Inc)

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Proration of Taxes. Payment of any and all state and local real property and personal property taxes levied on the property 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.

Appears in 1 contract

Samples: Exploration and Mining Lease and Option to Purchase Agreement (Tombstone Exploration Corp)

Proration of Taxes. Payment of any and all state and local real property and personal property taxes taxies 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.

Appears in 1 contract

Samples: Mining Sublease and Option to Purchase Agreement (Entourage Mining LTD)

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