Severance Taxes. ASSIGNOR shall bear and pay all severance or other taxes measured by Hydrocarbon production from the Property, or the receipt of proceeds therefrom, to the extent attributable to production from the Property before the Effective Date. ASSIGNEE shall bear and pay all such taxes on production from the Property on and after the Effective Date. ASSIGNOR shall withhold and pay on behalf of ASSIGNEE all such taxes on production from the Property between the Effective Date and the Closing Date, if the Closing Date follows the Effective Date, and the amount of any such payment shall be reimbursed to ASSIGNOR as a closing adjustment to the Purchase Price pursuant to Section 2.2. If either party pays taxes owed by the other, upon receipt of evidence of payment the nonpaying party will reimburse the paying party promptly for its proportionate share of such taxes.
Severance Taxes. Seller shall bear and pay all severance or other Taxes based upon or measured by Hydrocarbon production from the Assets, or the receipt of proceeds therefrom, to the extent attributable to production from the Assets before the Effective Time. Buyer shall bear and pay all such Taxes on production from the Assets from and after the Effective Time. Seller shall withhold and pay on behalf of Buyer all such Taxes on production from the Assets between the Effective Time and the Closing Date, and the amount of any such payment shall be reimbursed to Seller as an adjustment to the Base Purchase Price pursuant to Section 2.4. If either Party pays any such Taxes owed by the other, and the amount of such payment is not taken into account as an adjustment to the Base Purchase Price under Section 2.4, then upon receipt of evidence of payment the nonpaying Party will reimburse the paying Party promptly for the nonpaying Party’s share of such Taxes
Severance Taxes. Seller shall pay such severance tax and all assessments as may now or hereafter be required to be paid by the laws of the State of Oregon, if any, in connection with its removal of the Timber hereunder.
Severance Taxes. SELLER shall bear and pay all severance or other taxes measured by Hydrocarbon production from the Property, or the receipt of proceeds therefrom, to the extent attributable to production from the Property before the Effective Date. BUYER shall bear and pay all such taxes on production from the Property on and after the Effective Date. SELLER shall withhold and pay on behalf of BUYER all such taxes on production from the Property between the Effective Date and the Closing Date, if the Closing Date follows the Effective Date, and the amount of any such payment shall be reimbursed to SELLER as a closing adjustment to the Purchase Price pursuant to Section 2.2. If either party pays taxes owed by the other, upon receipt of evidence of payment the nonpaying party will reimburse the paying party promptly for its proportionate share of such taxes.
Severance Taxes. Farmoutee shall bear any severance taxes owing on its share of production.
Severance Taxes. Seller shall bear and pay all severance or other taxes measured by Hydrocarbon production from the Property, or the receipt of proceeds therefrom, to the extent attributable to production from the Property before the Effective Date. Seller shall withhold and pay (or cause the first purchaser to withhold and pay) on behalf of Buyer all such taxes on production from the Property between the Effective Date and the Closing Date. Subject to the obligations of Seller under the preceding sentence, Buyer shall bear and pay all such taxes on production from the Property on and after the Effective Date. If either party pays taxes owed by the other, upon receipt
Severance Taxes. KMG and/or KMG Sub shall bear and pay all severance or other taxes measured by Hydrocarbon production from the Property, or the receipt of proceeds therefrom, to the extent attributable to production from the Property before the Calculation Date. W&T shall bear and pay all such taxes on production from the Property on and after the Calculation Date. KMG shall withhold and pay on behalf of W&T all such taxes on production from the Property between the Calculation Date and the Closing Date, and the amount of any such payment shall be reimbursed to KMG as a closing adjustment to the Base Merger Consideration pursuant to Section 2.2. If either party pays taxes owed by the other, upon receipt of evidence of payment the nonpaying party will reimburse the paying party promptly for its proportionate share of such taxes.
Severance Taxes. If any tax should be levied or assessed against Geothermal Resources appurtenant to or produced from the Leased Premises, Lessor shall pay its share of such taxes attrituable to the royalties paid hereunder and Lessee shall pay the remainder.
Severance Taxes. SELLER shall bear and pay all severance or other taxes measured by production from the Property, or the receipt of proceeds therefrom, to the extent attributable to production from the Property before the Effective Date. BUYER shall bear and pay all such taxes on production from the Property on and after the Closing Date.
Severance Taxes. REFUNDS, AND EXPENSE REIMBURSEMENTS DUE TO EEI. Buyer and EEI acknowledge and agree to the following:
9.4.1. Prior to the execution of this Agreement, EEI has commenced with Trio and successfully concluded certain actions to (i) reduce severance tax rates assessable against production from the Well and (ii) obtain a reimbursement from the Texas State Comptroller (the "COMPTROLLER") of severance taxes paid to the Comptroller by GTO and Trio on behalf of the interest owners in the Well for all periods prior to the Effective Time (the "REFUNDS");
9.4.2. GTO signed (1) a power of attorney to Trio, in order for Trio to re-file prior RRC reports required to obtain the Refunds and (2) an assignment to Trio of all rights to receive any Refunds, such that all Refunds were to be sent to Trio;
9.4.3. As the contract operator of the Well, Trio re-filed GTO's prior RRC filings in order obtain all Refunds from the Comptroller;
