Ad Valorem Sample Clauses

Ad Valorem. Taxes If any underground storage Gas is subject to ad valorem property taxes during the Initial Term of this Agreement, Buyer shall be responsible for payment of such taxes regardless of whether title to such underground storage Gas is held by Buyer or Seller except if Seller injects Gas into underground storage for its own account or withdraws Gas from underground storage for purposes other than meeting the city gate requirements of Buyer, then Seller shall be responsible for payment of all applicable ad valorem taxes on the amounts so injected or withdrawn.