Common use of Adjustment for Tax Purposes Clause in Contracts

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 5 contracts

Samples: Indenture (Americredit Corp), Indenture (Symantec Corp), Indenture (Rf Micro Devices Inc)

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Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable. Any such change in the Conversion Rate shall also be made to the Conversion Price.

Appears in 3 contracts

Samples: Indenture (Bell Microproducts Inc), Indenture (Bell Microproducts Inc), Indenture (Invision Technologies Inc)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.64.07, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 2 contracts

Samples: Indenture (Integra Lifesciences Holdings Corp), Indenture (Integra Lifesciences Holdings Corp)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shareholders shall not be taxabletaxable or that the tax resulting from such transaction be diminished. Any such change in the Conversion Rate shall also be made to the Conversion Price.

Appears in 2 contracts

Samples: Indenture (Thoratec Corp), Indenture (Mgi Pharma Inc)

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Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.64.7, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock (or any event treated as such for federal income tax purposes) hereafter made by the Company to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Indenture (Cypress Semiconductor Corp /De/)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exerciseable or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Appears in 1 contract

Samples: Purchase Agreement (Lexar Media Inc)

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