Common use of Payment of Taxes upon Certificates for Shares Issued upon Conversion Clause in Contracts

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Securities shall be made without charge to the converting Securityholders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Securities converted; provided, however, that the Issuer shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder of the Security converted, and the Issuer shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Appears in 6 contracts

Samples: Indenture (Comcast Cable Communications LLC), Comcast Corp, Indenture (Comcast Corp)

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Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock Common Shares upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 5 contracts

Samples: Indenture (FMC Corp), Indenture (Developers Diversified Realty Corp), Indenture (Developers Diversified Realty Corp)

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Common Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders Holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 5 contracts

Samples: Indenture (BRMK Management, Corp.), Indenture (Ventas Inc), BRMK Management, Corp.

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Debt Securities shall be made without charge to the converting Securityholders holders of Debt Securities for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Debt Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder of the Debt Security converted, and the Issuer Company shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 5 contracts

Samples: Indenture (Constellation Brands, Inc.), Indenture (Constellation Brands, Inc.), Indenture (Roberts Trading Corp)

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock Common Shares upon the conversion of Debt Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance Issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may my be directed by, the holders of the Debt Securities converted; , provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has be been paid.

Appears in 4 contracts

Samples: Indenture (Bre Properties Inc /Md/), Indenture (Bre Properties Inc /Md/), Bre Properties Inc /Md/

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Class A Common Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 2 contracts

Samples: Indenture (Xo Communications Inc), Indenture (Xo Communications Inc)

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Securities shall be made without charge to the converting Securityholders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders Holders of the Securities converted; provided, however, that the Issuer shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Appears in 2 contracts

Samples: Indenture (Loop Media, Inc.), Formfactor Inc

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names name as may be directed by, the holders Holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 2 contracts

Samples: Indenture (Century Communications Corp), Indenture (Century Communications Corp)

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Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Underlying Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders Holders of the Securities converted; provided, however, that the Issuer shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Appears in 2 contracts

Samples: Itt Corp /Nv/, Itt Corp /Nv/

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Common Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 1 contract

Samples: Level 3 Communications Inc

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Securities shall be made without charge to the converting Securityholders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be 80 directed by, the holders of the Securities converted; provided, however, that the Issuer shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder of the Security converted, and the Issuer shall not be required to issue or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to the Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Appears in 1 contract

Samples: Indenture (Comcast Cable Communications Inc)

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Common Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) 107 in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names as may be directed by, the holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates certificate unless or until the person Person or persons Persons requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 1 contract

Samples: Pep Boys Manny Moe & Jack

Payment of Taxes upon Certificates for Shares Issued upon Conversion. The issuance of certificates for shares of Capital Stock upon the conversion of Securities shall be made without charge to the converting Securityholders Holders for any tax (including, without limitation, all documentary and stamp taxes) in respect of the issuance and delivery of such certificates, and such certificates shall be issued in the respective names of, or in such names name as may be directed by, the holders Holders of the Securities converted; provided, however, that the Issuer Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder Holder of the Security converted, and the Issuer Company shall not be required to issue or deliver such certificates unless or until the person or persons -95- requesting the issuance thereof shall have paid to the Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Appears in 1 contract

Samples: Century Communications Corp

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