Common use of Taxes on Conversions Clause in Contracts

Taxes on Conversions. The issue of stock certificates on conversions of Convertible Securities shall be made without charge to the converting Holder of Convertible Securities for any tax in respect of the issue thereof. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares in any name other than that of the Holder of any Registered Convertible Security converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The issue of stock certificates on conversions conversion of Convertible Securities Debentures shall be made without charge to the converting Holder of Convertible Securities Debentureholder for any issue tax in respect of the issue thereof. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock (or other security) in any name other than that of the Holder of any Registered Convertible Security Debenture converted, and the Company shall be not be required to issue or deliver any such stock certificate unless and until the Person person or Persons persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The issue of stock certificates on conversions of Convertible Securities shall be made without charge to the converting Holder of Convertible Securities for any tax in respect of the issue thereof. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares in any name other than that of the Holder of any Registered registered Convertible Security converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The issue of stock certificates on conversions conversion of Convertible Securities Debentures shall be made without charge to the converting Holder of Convertible Securities Debentureholder for any issue tax in respect of the issue thereof. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Stock (or other security) in any name other than that of the Holder of any Registered Convertible Security Debenture converted, and the Company shall be not be required to issue 66 or deliver any such stock certificate unless and until the Person person or Persons persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Conversions. The issue of stock certificates on conversions conversion of Convertible Securities Debentures shall be made without charge to the converting Holder of Convertible Securities Debentureholder for any issue tax in respect of the issue thereof. The Company shall not, however, be required to pay any tax which may be payable in respect of any transfer involved in the issue and delivery of shares of Class A Common Stock (or other security) in any name other than that of the Holder of any Registered Convertible Security Debenture converted, and the Company shall be not be required to issue or deliver any such stock certificate unless and until the Person person or Persons persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.