Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares are issued in a name other than such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 12 contracts

Samples: First Supplemental Indenture (Arris Group Inc), Indenture (Terremark Worldwide Inc), Supplemental Indenture (Five Star Quality Care Inc)

AutoNDA by SimpleDocs

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares are issued in a name other than such HolderXxxxxx’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such HolderXxxxxx’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such HolderXxxxxx’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 5 contracts

Samples: Indenture (Genta Inc De/), Genta Incorporated (Genta Inc De/), Indenture (Genta Inc De/)

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock Shares upon the conversion. However, such Holder shall pay any such tax tax, duty or duty transfer fee which is due because such shares are issued in a name other than such HolderXxxxxx’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock Shares to be issued in a name other than such HolderXxxxxx’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such HolderXxxxxx’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 2 contracts

Samples: Indenture (Fortuna Silver Mines Inc), First Majestic Silver Corp

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares are issued in a name other than such Holder’s 's name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s 's name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 2 contracts

Samples: Indenture (SFBC International Inc), Certain Registration Rights Agreement (Terremark Worldwide Inc)

Taxes on Conversion. If a Holder converts its Securitysubmits a 2001 ------------------- Convertible Security for conversion, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, issue of shares of Common Stock upon the conversion. However, such the Holder shall pay any such tax or duty which is due because such the Holder requests the shares are to be issued in a name other than such the Holder’s 's name. The Conversion Agent may refuse to deliver a certificate the certificates representing the shares of Common Stock to be being issued in a name other than such the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such the shares are to be issued in a name other than such the Holder’s 's name. Nothing herein shall preclude any tax withholding required by law or regulationregulations.

Appears in 2 contracts

Samples: Fourth Supplemental Indenture (CSX Corp), Fourth Supplemental Indenture (CSX Corp)

Taxes on Conversion. If a Holder converts its SecurityNote, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares of Common Stock are issued in a name other than such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 2 contracts

Samples: First Supplemental Indenture (Alpha Natural Resources, Inc.), First Supplemental Indenture (Massey Energy Co)

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares of Common Stock are issued in a name other than such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 2 contracts

Samples: Indenture (Alpha Natural Resources, Inc.), Alpha Natural Resources, Inc.

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock Shares upon the conversion. However, such Holder shall pay any such tax tax, duty or duty transfer fee which is due because such shares are issued in a name other than such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock Shares to be issued in a name other than such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 2 contracts

Samples: SSR Mining Inc., Indenture (Silver Standard Resources Inc)

Taxes on Conversion. If a Holder converts its a Security, the Company Issuer shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, issue of shares of Common Stock upon the conversion. However, such the Holder shall pay any such tax or duty which is due because such the Holder requests the shares are to be issued in a name other than such the Holder’s 's name. The Conversion Agent may refuse to deliver a certificate the certificates representing the shares of Common Stock to be being issued in a name other than such the Holder’s 's name until the Conversion Agent receives a sum that the Issuer deems to be sufficient to pay any tax or duty which will be due because such the shares are to be issued in a name other than such the Holder’s 's name. Nothing herein shall preclude any tax withholding required by law or regulationregulations.

Appears in 1 contract

Samples: Enron Corp/Or/

AutoNDA by SimpleDocs

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which that is due because such shares are issued in a name other than such Holder’s 's name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which that will be due because such shares are to be issued in a name other than such Holder’s 's name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 1 contract

Samples: Toreador Resources Corp

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock Shares upon the conversion. However, such Holder shall pay any such tax tax, duty or duty transfer fee which is due because such shares are issued in a name other than such Holder’s name. The Conversion Agent Company may refuse to deliver a certificate representing the shares of Common Stock Shares to be issued in a name other than such Holder’s name until the Conversion Agent Company receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 1 contract

Samples: Indenture (Platinum Group Metals LTD)

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock upon the conversion. However, such Holder shall pay any such tax or duty which is due because such shares are issued in a name other than such Holder’s 's name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock to be issued in a name other than such Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will shall be due because such shares are to be issued in a name other than such Holder’s 's name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 1 contract

Samples: Playboy Enterprises Inc

Taxes on Conversion. If a Holder converts its SecurityNote, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Company Common Stock upon the conversion. However, such Holder shall pay any such tax tax, duty or duty transfer fee which is due because such shares are issued in a name other than such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the shares of Company Common Stock to be issued in a name other than such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 1 contract

Samples: Indenture (Hi-Crush Inc.)

Taxes on Conversion. If a Holder converts its Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue, if any, of shares of Common Stock Shares upon the conversion. However, such Holder shall pay any such tax tax, duty or duty transfer fee which is due because such shares are issued in a name other than such Holder’s 's name. The Conversion Agent may refuse to deliver a certificate representing the shares of Common Stock Shares to be issued in a name other than such Holder’s Hxxxxx's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because such shares are to be issued in a name other than such Holder’s Hxxxxx's name. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 1 contract

Samples: Equinox Gold Corp.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!