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 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
No Tax Claim or other claim for past due Property Taxes or Severance Taxes exists.
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 Debtors sought and obtained approval by the Bankruptcy Court to pay Severance Taxes, Lessor Royalties, ORRIs and Delay Rentals as such accrue, including those accruing on account of prepetition production.
OTHER RECEIPTSOil and Gas Severance Taxes and Donations are included in Other Receipts.
This fund receives monies from the Oil and Gas Royalties, Interest, Donations and Oil and Gas Severance Taxes.
More Definitions of Severance 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 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.
Severance Taxes has the meaning set forth in Section 9.3.
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.
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.
Severance Taxes as defined in Section 11.03(a).
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.