Common use of Taxes and Royalties Paid Clause in Contracts

Taxes and Royalties Paid. To the Vendor’s Knowledge, all royalties and 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, payable in respect of the Assets prior to the Effective Time have been properly paid and discharged, or will be paid by the Vendor upon coming due;

Taxes and Royalties Paid. To the Vendor’s Knowledgeknowledge, all royalties and 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 Hydrocarbon Substances, or the receipt of proceeds therefrom, payable in respect of the Assets prior to the Effective Time have been properly fully paid and discharged, or will be paid by the Vendor upon coming due;

Taxes and Royalties Paid. To the Vendor’s KnowledgeVendors’ knowledge, all royalties and 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, payable in respect of the Assets prior to the Effective Time have been properly fully paid and discharged, or will be paid by the Vendor Vendors upon coming due;