Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. If a Holder converts a Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates representing Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because Common Stock is to be delivered in a name other than the Holder’s name.

Taxes on Conversion. If a Holder converts a Note, the The Company shall pay any documentary, stamp or similar issue or transfer tax or duty due on the issue of any shares issue, if any, of Common Stock upon the conversionconversion of a Note. However, the such Holder shall pay any such tax which or duty that is due because the Holder requests the such shares to be are issued in a name other than the such Holder’s name. The Conversion Agent may refuse to deliver a certificate representing the certificates representing Common Stock being to be issued in a name other than the such Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because Common Stock is such shares are to be delivered issued in a name other than the such Holder’s name.

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

Taxes on Conversion. If a Holder converts a NoteSecurity, the Company Issuer shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common Stock upon the such conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because Common Stock is the shares are to be delivered issued in a name other than the Holder’s name.

Taxes on Conversion. If a Holder converts a Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates or effect the book-entry transfer representing Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because Common Stock is to be delivered or transferred in a name other than the Holder’s name.

Taxes on Conversion. If a Holder converts a Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s 's name. The Conversion Agent may refuse to deliver the certificates representing Common Stock being issued in a name other than the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because Common Stock is to be delivered in a name other than the Holder’s 's name.