Asset Taxes definition

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.

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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

For purposes of the preceding sentence, the period for such ad valorem, property, or other Asset Taxes shall begin on the date on which ownership of the applicable Purchased Asset gives rise to liability for such Tax and shall end on the day before the next such date.
The Seller shall be allocated and bear all Asset Taxes attributable to (i) any Pre-Closing Tax Period and (ii) the portion of any Straddle Period ending on the Closing Date (determined in accordance with Section 4.06(b)).
The Buyer’s share of Asset Taxes as set forth in Section 4.06(a).
No Tax audits or administrative or judicial proceedings with respect to Asset Taxes are being conducted or are pending or have been threatened in writing.
There are no agreements, waivers, or other arrangements in force or effect providing for an extension of time with respect to the due date for the filing of any Tax Return for Asset Taxes or for the assessment or collection of any Asset Tax.

More Definitions of Asset Taxes

Asset Taxes means ad valorem, property, excise, severance, production or similar taxes (including any interest, fine, penalty or additions to tax imposed by Governmental Authorities 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, income, capital gains and franchise 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 has the meaning set forth in Section 8.1(b).

Asset Taxes means any and all Taxes in the nature of a severance, production, ad valorem, property or similar Tax that is attributable to the ownership of any Asset, the production or removal of Hydrocarbons, or the receipt of proceeds therefrom.

Asset Taxes means sales, use, ad valorem, property, excise or similar Taxes based upon the operation or ownership of the Assets but excluding, for the avoidance of doubt, (a) Income Taxes and (b) Transfer Taxes.

Asset Taxes has the meaning set forth in Section 6.4(b).

Asset Taxes means any Taxes with respect to the ownership or operation of the Transferred Assets other than (a) Taxes based on net or gross income, and (b) Transfer Taxes.