Taxes and Recording Fees. Grantee shall pay when due any taxes, assessments or other charges (collectively, "Taxes") levied or assessed upon the Improvements by any governmental or quasi-governmental body or any Taxes levied or assessed against Grantor or the Premises that are attributable to the Improvements. Grantee agrees to purchase, affix and cancel any and all documentary stamps in the amount prescribed by statute, and to pay any and all required transfer taxes, excise taxes and any and all fees incidental to recordation of the Memorandum of Easement. In the event of Grantee's failure to do so, if Grantor shall become obligated to do so, Grantee shall be liable for all costs, expenses and judgments to or against Grantor, including all of Grantor's legal fees and expenses.
Taxes and Recording Fees. Buyer shall pay all sales, transfer, use or similar taxes occasioned by the sale or transfer of the Properties and all documentary, transfer, filing, licensing, and recording fees required in connection with the processing, filing, licensing or recording of any assignments, titles or bills of sale (collectively, the “Transfer Taxes”).
Taxes and Recording Fees. All required documentary, filing and recording fees and expenses in connection with the filing and recording of the assignments, conveyances or other instruments required to convey title to the Property to Buyer shall be borne by Buyer. The Parties anticipate that the transfer of the Property to Buyer will not be subject to Texas sales and use tax, either (i) pursuant to Texas Tax Code § 151.306 as an exempt transfer of property jointly owned by both Buyer and Seller prior to the transfer, or (ii) as a nontaxable transfer of tangible personal property incidental to the transfer of real property. The Parties shall cooperate in documenting the nontaxability of the transfer (including, as appropriate, the exchange of properly completed exemption certificates or other substantiation), and Seller shall not collect Texas sales and use tax from Buyer in connection with the transfer. Seller shall be allocated and shall bear and pay all taxes (other than Income Taxes) for any period or portion thereof ending prior to the Effective Time, and Buyer shall be allocated and bear all taxes (other than Income Taxes) for any period or portion thereof that begins at or after the Effective Time. Each Party shall be responsible for its own Income Taxes. For purposes of allocating taxes between the period before the Effective Time and the period on and after the Effective Time, (i) all taxes that are attributable to the severance or production of Hydrocarbons shall be allocated to the period in which the severance or production giving rise to such taxes occurred, (ii) taxes that are based upon or related to income or receipts or imposed on a transactional basis (other than Income Taxes or such taxes described in clause (i)), shall be allocated to the period in which the transaction giving rise to such taxes occurred, and (iii) taxes that are ad valorem, property or other taxes imposed on a periodic basis shall be allocated by prorating each such tax based on the number of days in the applicable period that occur before the date on which the Effective Time occurs, on the one hand, and the number of days in such period that occur on or after the date on which the Effective Time occurs, on the other hand. Each Party shall indemnify and make payments to the other Party as necessary so as to cause each Party to bear responsibility for their share of taxes as allocated under this Section 9.01 within thirty (30) days of written demand therefor.
Taxes and Recording Fees. Any sales taxes, transfer taxes, documentary taxes and recording fees relating to an assignment hereunder shall be paid by the assignee. Subject to the terms of the Cxxx Inlet Operating Agreement, each Party shall be responsible for its own local, state and federal income tax reporting, recognition of gain or loss, if any, and the taxes, if any, payable with respect to the transaction.
Taxes and Recording Fees. Buyer shall pay all sales and use taxes and related penalties and interest, if any, due as a result of this transaction. Buyer shall pay all transfer, documentary filing and recording fees required in connection with the filing and recording of any assignments and furnish Seller copies of recorded and/or filed documents. It is agreed that Buyer shall have no liability with respect to claims concerning (i) any federal, state, local or foreign taxes (including, without limitation, interest and penalties) on or measured by net income (collectively, "Income Taxes"), arising out of the sale of the Properties pursuant hereto, or (ii) any liabilities or obligations relating to taxes resulting from or arising out of the businesses or the ownership or operation of the Properties prior to or at the Closing to the extent of Seller's liability.
Taxes and Recording Fees. Buyer shall pay all sales taxes occasioned by the sale of the Interests, all ad valorem, property, production, excise, severance, windfall profit and other taxes, except income taxes, based upon or measured by the ownership of the property, the production of hydrocarbons or the receipt of proceeds therefrom which apply to or arise from and after the Effective Time together with all documentary, filing and recording fees required in connection with the filing and recording of any assignments or other documents recorded in connection with the sale of the Interests.
Taxes and Recording Fees. 21 Section 8.04 Further Assurances.......................................22 Section 8.05 Survival.................................................22 Section 8.06 Assumption of Liabilities and Indemnity..................22 Section 8.07 Joint Billing Audits: Credits............................22 Section 8.08 Successor Operator.......................................22
Taxes and Recording Fees. All sales and transfer taxes and recording and filing fees incurred in connection with the acquisition of the Purchased Assets will be borne by Buyer.
Taxes and Recording Fees. All sales and transfer taxes and fees (including filing fees, if any) incurred in connection with this Agreement and the transactions contemplated hereby will be borne by the Sellers. Buyer will file all necessary tax returns and other documents required to be filed with respect to all such taxes and filing fees. The Sellers will cooperate with Buyer to the extent necessary to enable it to make such filings and join in the execution of any tax returns or other documents as may be necessary to enable Buyer to comply with the provisions of this Section.
Taxes and Recording Fees. All sales taxes incurred in connection with this Agreement and the transactions contemplated by this Agreement will be borne by Buyer. All other transfer taxes and fees, if any, incurred in connection with this Agreement and the transactions contemplated by this Agreement will be borne by the party obligated by law to pay such expense, or if there is no law obligating a party to pay such, by Seller and Buyer equally. Buyer will file all necessary tax returns and other documents required to be filed with respect to all such taxes and filing fees. Seller will cooperate with Buyer to the extent necessary to enable it to make such filings and join in the execution of any tax returns or other documents as may be necessary to enable Buyer to comply with the provisions of this Section.
