Severance Taxes definition

Severance Taxes mean all extraction, production, sales, use, excise, severance, and all other similar Taxes with respect to the Assets that are based upon or measured by the production of Hydrocarbons or the receipt of proceeds therefrom, but not including Property Taxes, Income Taxes, and Transfer Taxes imposed on any transfer of the Assets under this Agreement.

Severance Taxes means all federal, state or local taxes, assessments, levies or other charges, which are imposed upon production from the AMI Interests, including excise taxes on production, severance or gross production, as well as any interest, penalties and fines assessed or due in respect of any such taxes, whether disputed or not.

Severance Taxes means taxes imposed at the time oil or gas is produced from a well which are based on or measured by the amount or value of such production.

Examples of Severance Taxes in a sentence

• After Closing, Buyer shall timely file or cause to be filed all required reports and returns for, related to, or incident to Severance Taxes for any Straddle Period that are due after the Closing Date and shall timely pay or cause to be paid to the taxing authorities all Severance Taxes for all taxable periods including the Closing Date.

• The Operator shall file all tax returns and reports required by law and pay all applicable taxes [other than income or other taxes provided in Article 20.2.2 (Production and Severance Taxes)] and assessments levied with respect to activities and operations conducted under this Agreement.

• The Company shall be liable for all Severance Taxes attributable to the portion of the Straddle Period after the Effective Time.

• Laramie or Delta, as applicable, shall timely file or cause to be filed all required Tax Returns for, related to or incident to Severance Taxes that are due on or prior to the Closing Date and shall timely pay or cause to be paid all Taxes due with respect thereto.

• After Closing, the Company shall timely file or cause to be filed all required reports and returns for, related to, or incident to Severance Taxes for any Straddle Period that are due after the Closing Date and shall timely pay or cause to be paid to the taxing authorities all Severance Taxes for any Severance Tax period during which the Closing Date occurs.

More Definitions of Severance Taxes

Severance Taxes means all extraction, production, excise, net proceeds, severance, windfall profit and all other similar Taxes, and any penalties, additions to such Taxes, and interest levied or assessed thereon, with respect to the Assets that are based upon or measured by the production of Hydrocarbons or the receipt of proceeds therefrom, but not including Property Taxes, Income Taxes, and Transfer Taxes.

Severance Taxes means taxes imposed on the Borrower or such production at the time Hydrocarbons are produced from a well situated on any of the Leases or on lands pooled therewith which are based on or measured by the amount or value of such Hydrocarbon production allocable to the Properties.

Severance Taxes has the meaning set forth in Section 11.4.

Severance Taxes as defined in Section 11.03(a).

Severance Taxes means all severance, extraction, production, excise, sales and similar Taxes and obligations, and any penalties, additions to Tax, and interest levied or assessed thereon, with respect to the Oil and Gas Interests that are based upon or measured by the severance or production of Hydrocarbons or the receipt of proceeds therefrom, but not including Property Taxes, Income Taxes and Transfer Taxes.

Severance Taxes is defined in Section 7.1(b)(ii).

Severance Taxes means Taxes arising from the severance, extraction or production of natural resources, including coal, raw coal, oil and other minerals and natural resources. “Shipping Reserves” means any reserve established by Administrative Agent in its Reasonable Credit Judgment for amounts payable to (a) Norfolk Southern Railway or its Affiliates (or any successor owner or operator of Lamberts Point Terminal), (b) CSX Transportation or its Affiliates (or any successor owner or operator of Chesapeake Bay Piers) or (c) any additional rail carrier or rail forwarder utilized by Borrowers from time to time.