Ad Valorem Taxes and Assessments. Seller shall be responsible for all ad valorem taxes and assessments on the Goods and Services for all periods prior to Due date of proforma invoice. Purchaser is a tax-exempt entity and shall be responsible for no ad valorem taxes whatsoever. Seller's ad valorem tax liability survives due date of proforma invoice and includes liability for rollback taxes, if any.
Appears in 2 contracts
Sources: Memorandum of Understanding (RVPlus Inc.), Memorandum of Understanding (RVPlus Inc.)