Common use of Taxes on Conversions Clause in Contracts

Taxes on Conversions. The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares on conversion of the Debenture pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares in a name other than that of the Holder, 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 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 will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares on conversion exercise of the Debenture pursuant heretothis Warrant. The Company shall not, however, be required to pay any tax or duty which 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 Shares in a name other than that of the Holderholder, 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 duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares Stock on conversion of the Debenture Securities pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares Stock in a name other than that of the HolderHolder of the Security or Securities to be converted, and no such issue or delivery shall be made unless and until the Person 100 requesting such issue has paid to the Company the amount of any such tax or duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all stamp or similar taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares Stock on conversion of the Debenture Debentures pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares Stock in a name other than that of the HolderHolder of the Debenture or Debentures 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 dutytax, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares Stock on conversion of the Debenture Notes pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares Stock in a name other than that of the HolderHolder 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 duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. 96- 108 The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares Stock on conversion of the Debenture Securities pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares Stock in a name other than that of the HolderHolder of the Security or 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 duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all excise and transfer taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares on conversion of the Debenture Notes pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue issuance and delivery of shares of Common Shares in a name other than that of the HolderHolder 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 dutytax, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and --------------------- all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares Stock on conversion of the Debenture Debentures pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares Stock in a name other than that of the HolderHolder of the Debenture or Debentures 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 dutytax, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares on conversion of the Debenture Securities pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares in a name other than that of the HolderHolder of the Security or 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 duty, or has established to the satisfaction of the Company that such tax or duty has been paid.

Taxes on Conversions. The Company will pay any and all taxes and duties that may be payable in respect of the issue or delivery of shares of Common Shares on conversion of the Debenture Securities pursuant hereto. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of shares of Common Shares in a name other than that of the HolderHolder of the Security or 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 duty, or has established to the satisfaction of the Company that such tax or duty has been paid.