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.
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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.
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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.
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Examples of Severance Taxes in a sentence

  • 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.

  • Severance Taxes shall be deemed attributable to the period during which the production of the Hydrocarbons with respect to such Severance Taxes occurred, and liability therefor shall be allocated to Seller for pre-Effective Time Severance Taxes and to Buyer for post-Effective Time Severance Taxes.

  • No Tax Claim or other claim for past due Property Taxes or Severance Taxes exists.

  • Property Taxes based on production (other than Severance Taxes) shall be deemed by the Parties to apply to production in the Tax period for which the Tax is levied.

  • 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.


More Definitions of Severance Taxes

Severance Taxes means all extraction, production, excise, net proceeds, severance, windfall profit and all other Taxes and similar obligations, and any penalties, additions to Tax, and interest levied or assessed thereon, with respect to the Properties that are based upon or measured by the production of Hydrocarbons or the receipt of proceeds therefrom (including such Taxes on flared Hydrocarbons (if any), but not including Property Taxes, Income Taxes, and Transfer Taxes.
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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.
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Severance Taxes has the meaning set forth in Section 11.4.
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Severance Taxes means taxes imposed on the Issuer 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.
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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.
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Severance Taxes means the severance taxes on Oil and Gas arising pursuant to M.C.L. Section 205.301 et seq., as currently in effect and without regard to amendments, if any, to such statute enacted or occurring after the date of execution of this Conveyance which have the effect of either increasing the rate or amount of such tax or increasing the burden of such tax by altering the manner by which such tax is calculated or determined.
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Severance Taxes means all federal, state or local taxes, assessments, levies or other charges, which are imposed upon production from the Properties, 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.
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