Common use of Remittance of Taxes Clause in Contracts

Remittance of Taxes. Each Contributing Party will be responsible for duly and timely remitting all Taxes imposed on or with respect to the Contributed Interests due prior to the Closing Date, and Remora Holdings will be responsible for duly and timely remitting all Taxes due on or after the Closing Date, in each case to the relevant Tax Authority.

Appears in 2 contracts

Samples: Contribution Agreement (Remora Royalties, Inc.), Assignment and Assumption Agreement (Remora Royalties, Inc.)

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Remittance of Taxes. Each Contributing Party will be responsible for duly and timely remitting all Taxes imposed on or with respect to the Contributed Interests Assets and Contributed Entities due prior to the Closing Date, and Remora Holdings the MLP will be responsible for duly and timely remitting all Taxes due on or after the Closing Date, in each case to the relevant Tax Authority.

Appears in 2 contracts

Samples: Management Services Agreement (Kimbell Royalty Partners, LP), Management Services Agreement (Kimbell Royalty Partners, LP)

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