Adjustment for Tax Reasons. The Company may make such increases in each Fixed Conversion Rate, in addition to any other increases required by this Section 2.8, if it deems it advisable to avoid or diminish any income tax to holders of CVRD’s common shares resulting from any dividend or distribution of CVRD’s common shares (or issuance of rights or warrants to acquire CVRD shares) or from any event treated as such for income tax purposes or for any other reasons; provided that the same proportionate adjustment must be made to each Fixed Conversion Rate.
Appears in 2 contracts
Samples: First Supplemental Indenture (Vale Capital LTD), First Supplemental Indenture (Companhia Vale Do Rio Doce)
Adjustment for Tax Reasons. The Company may make such increases in each Fixed Conversion Rate, in addition to any other increases required by this Section 2.8, if it deems it advisable to avoid or diminish any income tax to holders of CVRD’s common preferred class A shares resulting from any dividend or distribution of CVRD’s common preferred class A shares (or issuance of rights or warrants to acquire CVRD shares) or from any event treated as such for income tax purposes or for any other reasons; provided that the same proportionate adjustment must be made to each Fixed Conversion Rate.
Appears in 2 contracts
Samples: Companhia Vale Do Rio Doce, Vale Capital LTD
