Royalties and Taxes. Seller shall pay or cause to be paid and shall be solely responsible for all royalties, overriding royalties and payments out of production, together with all applicable federal, provincial, municipal and local taxes, levies or surcharges imposed by authorities that are applicable on Gas delivered hereunder before title to such Gas passes to Buyer at the Delivery Point. Buyer shall be solely responsible for the above enumerated payments, taxes, levies or surcharges that are applicable on Gas delivered hereunder when and after title to such Gas passes to Buyer at the Delivery Point.
Royalties and Taxes. 5.8.1 The Producer and each of the Magnolia Owners will be solely responsible for payment of the royalties and taxes attributable to its share of production.
5.8.2 This Agreement and the operations hereunder are not intended to create, and will not be construed to create a joint venture, association or partnership with respect to the Parties. If, for United States federal income tax purposes, this Agreement is regarded as a partnership, each Party elects to be excluded from the application of all or any part of the provisions of Subchapter “K”, Chapter 1, Subtitle “A” of the United States Internal Revenue Code of 1986, as amended (the “Code”), to the extent permitted and authorized by Article 761(a) of the Code and the regulations promulgated thereunder, or similar provisions of applicable state Laws.
Royalties and Taxes. 17.1 The Supplier shall, subject as hereinbefore provided, pay or cause to be paid all royalties, taxes (including any environmental or similar tax), tariffs and other sums arising in respect of the production, gathering, transportation, processing and handling of Natural Gas prior to or upon delivery to the Customer at the Delivery Point and shall indemnify and hold harmless the Customer against any such royalties, taxes, tariffs, and other sums.
17.2 The Customer shall pay or cause to be paid all royalties, taxes (including any environmental or similar tax), tariffs and other sums arising in respect of the transportation, handling and use of Natural Gas after delivery to the Customer at the Delivery Point and shall indemnify and hold harmless the Supplier against any such royalties, taxes, tariffs and other sums.
Royalties and Taxes. (a) Producer shall be liable for and pay, and shall indemnify Operator against all actions, claims, damages, liabilities, losses, costs and expenses arising from any royalties, overriding royalties, product payments, taxes, levies and other assessments or encumbrances of any nature in respect of Producer's Inlet Substances, or its share of the Gas Products or Facility Products attributable thereto.
(b) Applicable Goods and Services Taxes ("GST"), sales taxes and similar levies shall be added to amounts payable under this Agreement. When Operator is required to charge GST, or similar value added tax, Operator's invoice shall include information prescribed by the Input Tax Credit Information Regulations under the Excise Tax Act (Canada), and any information prescribed for any similar applicable value added tax.
Royalties and Taxes. 16 13.1 Royalties..........................................................................................16 13.2 Taxes..............................................................................................17
Royalties and Taxes. All rents and royalties due and payable under the Subject Leases have been paid or otherwise accounted for and all Hydrocarbon severance and production Taxes, windfall profit Taxes, and all property Taxes payable by Grantor with respect to the Mortgaged Property have been paid.
Royalties and Taxes. 11.1. The Licensee shall pay the Licensor the following royalties annually for the Licences: (i) __________ per cent (__________ %) of the annual production value of the Specified Products and (ii) __________ per cent (__________ %) of the Licensee’s net annual turnover for the Specified Products (i.e. the turnover after deduction of any additional charges, such as, but not limited to, insurance costs, transport costs, taxes, etc.). [optional] The Licensee shall pay an amount of __________ euro [amount in words] (€ __________) [amount in numbers] per Specified Product sold in the Territory.
11.2. [optional] The minimum royalty payments to the Licensor shall be at least __________ euro [amount in words] (€ __________) [amount in numbers] in the first year of this Agreement, __________ euro [amount in words] (€ __________) [amount in numbers] in the second year of this Agreement and __________ euro [amount in words] (€ __________) [amount in numbers] in the third year of this Agreement for the rights granted to the Licensee herein.
11.3. If the Licensee is required by law to make any deductions or to withhold any amounts from royalties due to the Licensor, the Licensee shall make the deduction or withhold the amounts for remittance to the appropriate tax authorities and promptly furnish the Licensor with receipts evidencing payment of the same and with other useful evidence in so far as is acceptable to the tax authorities.
11.4. [optional] Any amounts due and payable by the Licensee upon which a deduction or withholding obligation is based shall be increased to the extent necessary to ensure that the Licensor receives and retains after tax an amount equal to that which it would have received in the absence of such deduction or withholding obligation.
11.5. Each party shall provide assistance to the other so as to enable it to comply with all tax-related obligations and formalities.
Royalties and Taxes of the Sublicense shall be replaced with the following: Notwithstanding the aforesaid, the license provided under Section 2 of this Agreement is royalty-free until the end of the month in which the World Health Organization (WHO) declares the end of the Public Health Emergency of International Concern regarding COVID-19 (“Royalties-Free Sales”). For the avoidance of doubt, such Royalties Free Sales shall not apply to the Thailand (Public Sector) and the private sector of South Africa and royalties are applied according to the terms of this Section 5A.
Royalties and Taxes. 19.1.1 Each company comprising Second Party shall be subject to royalty and corporate income tax imposed by the Petroleum Law under this Agreement.
19.1.2 First Party agrees to meet and discharge any royalty and corporate income tax obligations relating to each company comprising Second Party’s share of production as imposed by the Petroleum Law. Each company comprising Second Party shall prepare the corporate income tax declaration as required by the Petroleum Law and submit same to First Party for review and audit one month prior to the due date for submitting the declaration to the relevant tax authority. First Party shall notify such company comprising Second Party of any comments thereon, in which event such company comprising Second Party shall prepare a revised corporate income tax declaration incorporating such comments and submit same to First Party prior to the due date mentioned above. First Party shall process the tax declaration and obtain a tax certificate from the competent tax authority in the name of each company comprising Second Party, substantially in the form attached hereof as Exhibit “F”. Such certificate shall promptly be delivered to each company comprising Second Party For the purpose of corporate income tax and royalty calculations, the official selling price of GSPLAJ shall be used for calculating the revenue derived from disposal of Crude Oil, the actual selling price according to the gas sales agreement(s) shall be used for calculating the revenue derived from disposal of the Natural Gas and for calculating the revenue derived from disposal of Liquid Hydrocarbon by-Products, the prices referred to in Article 12.3.3 shall be used.
Royalties and Taxes to the best of Vendor's knowledge, all ad ------------------- valorem, property, production, severance and similar taxes and assessments based on or measured by the ownership of property or the production of Petroleum Substances or the receipt of proceeds therefrom and all royalties and rentals in respect of the Assets which have become due and payable prior to the Effective Time have been properly and fully paid and discharged;
