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;
Appears in 4 contracts
Samples: Up Agreement (Paramount Energy Trust), Up Agreement (Paramount Energy Trust), Employment Agreement (Paramount Energy Trust)
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;
Appears in 1 contract
Samples: Partnership Interest Sale Agreement (Canetic Resources Trust)
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;
Appears in 1 contract
Samples: Asset Sale Agreement