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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 13.06, 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 shall not be taxable.

Appears in 6 contracts

Samples: Indenture (Oscient Pharmaceuticals Corp), Indenture (Oscient Pharmaceuticals Corp), Indenture (Affymetrix Inc)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases adjustments in the Conversion Rate, in addition to those required by Section 13.061406, 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: Third Supplemental Indenture (Diamond Offshore Drilling Inc), Fifth Supplemental Indenture (El Paso 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 13.064.06, 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 (Mgi Pharma Inc), Indenture (Thoratec 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 13.0614.06, 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 shall not be taxable.

Appears in 2 contracts

Samples: Indenture (Oscient Pharmaceuticals Corp), Indenture (Guardian II Acquisition CORP)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases adjustments in the Conversion Rate, in addition to those required by Section 13.061506, 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 1 contract

Samples: Second Supplemental Indenture (Weatherford International Inc /New/)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion Rate, in addition to those required by Section 13.065.06, as it in its discretion shall determine to be advisable in order that to avoid or diminish any tax to stockholders in connection with 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 taxablestockholders.

Appears in 1 contract

Samples: Indenture (Rambus 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 13.065.6, 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 1 contract

Samples: Indenture (Actuant Corp)

Adjustment for Tax Purposes. The Company shall be entitled to make such increases in the Conversion RatePrice, in addition to those required by Section 13.065.6, 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 1 contract

Samples: Indenture (Actuant Corp)