Common use of Adjustment for Tax Purposes Clause in Contracts

Adjustment for Tax Purposes. The Company may make such increases in the Exercise Rate, in addition to those otherwise required by this Section, as it considers to be advisable in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.

Appears in 11 contracts

Samples: Warrant Agreement (Transportation Technologies Industries Inc), Warrant Agreement (Transportation Technologies Industries Inc), Warrant Agreement (Transportation Technologies Industries Inc)

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Adjustment for Tax Purposes. The Company may make such increases in the Exercise Rate, in addition to those otherwise required by this Section, as it considers determines in its sole discretion to be advisable make in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.

Appears in 1 contract

Samples: Warrant Agreement (Coinstar Inc)

Adjustment for Tax Purposes. The Company may make such increases in the Exercise Rate, in addition to those otherwise required by this SectionSection 5.1, as it considers to be advisable in order that any event treated for Federal federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.

Appears in 1 contract

Samples: Warrant Agreement (Cellnet Data Systems Inc)

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Adjustment for Tax Purposes. The Company may in its sole discretion make such increases in the Exercise Rate, in addition to those otherwise required by this Section, as it considers to be advisable in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.

Appears in 1 contract

Samples: Warrant Agreement (Transtechnology Corp)

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