AD VALOREM TAX Sample Clauses
AD VALOREM TAX. During the last five (5) years, the Subject Property has not been subject to the benefit of any law reducing the ad valorem tax rate based upon any open space or any other special valuation use.
AD VALOREM TAX. Subject to the provisions in the Mortgage, Borrower shall submit proof, on an annual basis, that all ad valorem real property taxes have been timely paid.
AD VALOREM TAX. REVENUES
AD VALOREM TAX. The ad valorem tax payable by the Mining Company, levied at a rate of three percent (3%) is calculated on turnover after deduction of transport, refining and selling costs. Taxes are payable quarterly in arrears, within 15 days. In accordance with the provisions of the Implementing Decree of the Mining Code, the payment of the ad valorem tax exempts the Mining Company from payment of all taxes related to the export of the Product from the mine and in particular the Single Exit Duty (DUS).
AD VALOREM TAX. Subject to the provisions in the Mortgage, Borrower shall submit proof, on an annual basis, that all real property taxes have been timely paid.
AD VALOREM TAX. Severance, ad valorem or other taxes against the Assets shall be prorated as of the Effective Date. To be clear, 2011 ad valorem taxes (valued based on 2010 production and payable in 2012) shall be for Seller's account. A portion of 2012 ad valorem taxes (valued based on 2011 production and payable in 2013) shall be prorated to the Effective Date and be credited to Synergy on the Preliminary Settlement Statement. An estimate shall be made of unpaid severance and other production taxes through the Effective Date, (to the extent not withheld by third party operators or production purchasers), and this estimated amount of 2012 taxes shall be credited to Synergy on the Preliminary Settlement Statement. Synergy shall be responsible for payment of 2012 ad valorem taxes which are payable in 2013. The estimate shall be a good faith estimate and shall serve as a final settlement amount for such taxes. There shall be no post-closing adjustment for such taxes. Seller represents that it has paid 2011 ad valorem taxes (payable in 2012), and will disclaim all rights to amounts held by third party operators or production purchasers for payment of 2011 and 2012 ad valorem taxes on the Assets. Seller will provide proof of its payment of 2011 ad valorem taxes, which were paid in 2012.
AD VALOREM TAX. Tenant shall also pay, in addition to base rent, all ad valorem, real estate taxes, assessments assessed, imposed or levied against the leased premises and the common area during any fiscal year which occurs wholly or partly during the term of the lease. Partial yearly terms shall be prorated. Landlord shall deliver or email to tenant written notice of the amount due and tenant shall pay to Landlord (not county Tax Collector) within ten (10) days thereafter. Lost discounts or delinquent payments shall be the responsibility of the Tenant.