Common use of Operating Taxes Clause in Contracts

Operating Taxes. Except as provided in this Article XIV, Buyer shall be liable for and pay all Taxes that arise as result of the sale, rental, lease, storage, use, consumption or operation of the Assets by Buyer after the Effective Time.

Appears in 2 contracts

Samples: Sale and Purchase Agreement (Vertex Energy Inc.), Sale and Purchase Agreement (PBF Energy Co LLC)

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Operating Taxes. Except as provided in this Article ARTICLE XIV, Buyer shall be liable for and pay all Taxes that arise as result of the sale, rental, lease, storage, use, consumption or operation of the Purchased Assets by Buyer after the Effective Time.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tesoro Corp /New/)

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Operating Taxes. Except as provided in this Article XIVARTICLE XV, (A) Seller shall be liable for and pay all Taxes that arise as result of the sale, rental, lease, storage, use, consumption or operation of the Assets by Seller on or prior to the Effective Time, and (B) Buyer shall be liable for and pay all Taxes that arise as result of the sale, rental, lease, storage, use, consumption or operation of the Assets by Buyer after the Effective Time.

Appears in 1 contract

Samples: Sale and Purchase Agreement (HollyFrontier Corp)

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