Common use of Adjustment for Tax Purposes Clause in Contracts

Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 10.05, as the Parent’s Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock shall not be taxable to such holders.

Appears in 1 contract

Samples: Indenture (Harrahs Entertainment Inc)

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Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Exchange Price, in addition to those required by this Section 10.055(h), as the Parent’s Board of Directors 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 other securities, Exchangeable Debenture or distributions of securities Exchangeable Debenture convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock stockholders shall not be taxable to such holderstaxable.

Appears in 1 contract

Samples: Oppenheimer Holdings Inc

Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 10.055.06, as the Parent’s Board of Directors 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 other securities, securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock shareholders shall not be taxable to such holderstaxable.

Appears in 1 contract

Samples: First Supplemental Indenture (Chippac Inc)

Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Exchange Price, in addition to those required by this Section 10.055(h), as the Parent’s Board of Directors 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 other securities, Second Exchangeable Debenture or distributions of securities Second Exchangeable Debenture convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock stockholders shall not be taxable to such holderstaxable.

Appears in 1 contract

Samples: Oppenheimer Holdings Inc

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Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 10.055.06, as the Parent’s Board of Directors 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 other securities, securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock stockholders shall not be taxable to such holderstaxable.

Appears in 1 contract

Samples: Fairchild Semiconductor International Inc

Adjustment for Tax Purposes. The Parent shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 10.05, as the Parent’s 's Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Parent to its holders of Common Stock shall not be taxable to such holders."

Appears in 1 contract

Samples: Harrahs Entertainment Inc

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