Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.
Asset Taxes means ad valorem, property, excise, severance, production, sales, use, and similar Taxes based upon or measured by the ownership or operation of the Assets or the production of Hydrocarbons or the receipt of proceeds therefrom, but excluding, for the avoidance of doubt, Income Taxes and Transfer Taxes.
Asset Taxes means all Property Taxes and Severance Taxes.
Examples of Asset Taxes in a sentence
Assignor shall assume responsibility for, and shall bear and pay, all Asset Taxes assessed with respect to the ownership and operation of the Assetsfor any period ending prior to the Effective Time.
All Asset Taxes with respect to the ownership or operation of the Assets arising on or after the Effective Time shall be allocated to and borne by Assignee.
More Definitions of Asset Taxes
Asset Taxes means ad valorem, property, excise, sales, use, severance, production or similar Taxes (including any interest, fine, penalty or additions to Tax imposed by a Governmental Authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom. Notwithstanding the foregoing, Asset Taxes shall not include: (a) income, capital gains, franchise Taxes and similar Taxes; and (b) transfer Taxes.
Asset Taxes means Property Taxes and Severance Taxes.
Asset Taxes has the meaning set forth in Section 8.1(b).
Asset Taxes means ad valorem, property or similar Taxes based upon or measured by the ownership or operation of the Transferred Assets, but excluding, for the avoidance of doubt, Income Taxes and Transfer Taxes.
Asset Taxes means the aggregate amount payable by the direct and indirect shareholders of Holdings in respect of personal asset taxes (or equivalent taxes) solely in connection with the ownership of the Borrower to the extent of the Borrower’s ownership of the Acquired Shares for any fiscal year of such shareholders, provided that the amount of such personal assets taxes (or equivalent taxes) for any fiscal year that shall constitute “Asset Taxes” hereunder shall not exceed (i) $1,666,667 for the fiscal year of such shareholders ending in 2011, (ii) $3,333,333 for the fiscal year of such shareholders ending in 2012, (iii) $4,333,333 for the fiscal year of such shareholders ending in 2013, (iv) $5,666,667 for the fiscal year of such shareholders ending in 2014, (v) $7,333,333 for the fiscal year of such shareholders ending in 2015 and (vi) $9,333,333 for the fiscal year of such shareholders ending in 2016.
Asset Taxes means all Property Taxes (including, for the avoidance of doubt, Oil and Gas Property Taxes and all Other Property Taxes) and Severance Taxes.
Asset Taxes means all ad valorem, severance, property, production, sales, use, excise and similar Taxes assessed against the Purchased Assets or based upon or measured by the ownership of the Purchased Assets or the production of Hydrocarbons or the receipt of proceeds therefrom, other than Income Taxes and Transfer Taxes.