Common use of Taxes on Conversions Clause in Contracts

Taxes on Conversions. The Company shall pay any and all stamp, documentary or issuance taxes that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Notes pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax that may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the Holder of the Note or Notes to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The Company shall pay any and all stamp, documentary or issuance taxes that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Notes Securities pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax that may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the Holder of the Note Security or Notes Securities to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The Except as provided in the next sentence, the Company shall will pay any and all stamptaxes and duties, documentary excluding any taxes relating to the net or issuance taxes gross income or gain to the Holder on conversion, that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Notes pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax that or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the Holder of the Note or Notes to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such taxtax or duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company shall will pay any and all stamporiginal issuance, documentary or issuance transfer, stamp and other similar taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Convertible Notes pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax that which may be payable in respect of any transfer involved in the issue and delivery of shares of its Common Stock in a name other than that of the Holder of the Convertible Note or Convertible Notes to be converted, and no such issue or delivery shall be made unless and until the Person person requesting such issue has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The Company shall will pay any and all stamp, documentary or issuance transfer and stamp taxes that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Notes Convertible Debentures pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any income tax that payable with respect to conversion of Convertible Debentures or any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the Holder holder of the Note Convertible Debenture or Notes Convertible Debentures to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The Except as provided in the next sentence, the Company shall will pay any and all stamp, documentary or issuance taxes (other than taxes on income) and duties that may be payable in respect of the issue or delivery of shares of Common Stock Shares on conversion of Notes pursuant hereto, but . A Holder delivering a Note for conversion shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be liable for and will be required to pay any tax that or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock Shares in a name other than that of the Holder of the Note or Notes to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such taxtax or duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Except as provided in the next sentence, the Company shall pay any and all stampdocumentary, documentary stamp or issuance taxes similar issue or transfer tax due that may be payable in respect of the issue or delivery of shares of Common Stock on conversion of Notes pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax or duty that may be payable in respect of (i) income of the Holder, or (ii) any transfer involved in the issue and delivery of shares of Common Stock in a name other than that of the Holder of the Note or Notes to be converted, and no such issue or delivery shall be made unless and until the Person requesting such issue has paid to the Company the amount of any such taxtax or duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company shall will pay any and all stamp-------------------- original issuance, documentary or issuance transfer, stamp and other similar taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Convertible Notes pursuant hereto, but shall not pay any taxes measured by net income or otherwise imposed on Holders in connection with a conversion. The Company shall not, however, be required to pay any tax that which may be payable in respect of any transfer involved in the issue and delivery of shares of its Common Stock in a name other than that of the Holder of the Convertible Note or Convertible Notes to be converted, and no such issue or delivery shall be made unless and until the Person person requesting such issue has paid to the Company the amount of any such tax, or has established to the satisfaction of the Company that such tax has been paid.