Common use of Taxes on Shares Issued Clause in Contracts

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

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

Taxes on Shares Issued. The delivery of stock certificates on upon conversions of Convertible Securities shall be made without charge to the Holder holder converting a Convertible Security 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 delivery of stock registered in any name other than of the Holder holder of any Convertible Security converted, and the Company shall not be required to deliver any such stock certificate unless and until the person or persons requesting the delivery 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 Shares Issued. The delivery of stock certificates on conversions of Convertible Securities shall be made without charge to the Holder converting a Convertible Security 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 delivery of stock registered in any name other than of the Holder of any Convertible Security converted, and the Company shall not be required to deliver any such stock certificate unless and until the person or persons requesting the delivery 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 Shares Issued. The delivery issue of any stock certificates on conversions of Convertible Securities shall be made without charge to the converting Holder converting a Convertible Security for any tax in respect of the issue and delivery 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 stock registered in any name other than that of the Holder of any Convertible Security Securities converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the person Person or persons Persons requesting the delivery 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 Shares Issued. The delivery of stock certificates on conversions of Convertible Securities shall be made without charge to the Holder converting a Convertible Security 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 delivery of stock registered in any name 106 other than of the Holder of any Convertible Security converted, and the Company shall not be required to deliver any such stock certificate unless and until the person or persons requesting the delivery 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 Shares Issued. The delivery issuance of stock certificates on conversions of Convertible Securities Debentures shall be made without charge to the converting Holder converting a Convertible Security for any tax in respect of the issue issuance 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 a stock registered certificate in any name other than that of the Holder of any Convertible Security Debenture 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 delivery 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 Shares Issued. The delivery issuance of stock certificates on conversions of Convertible Securities Notes shall be made without charge to the converting Holder converting a Convertible Security for any tax in respect of the issue issuance 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 a stock registered certificate in any name other than that of the Holder of any Convertible Security Note 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 delivery 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 Shares Issued. The delivery of stock certificates on conversions or conversion of Convertible Securities shall be made without charge to the Holder converting a Convertible Security for any tax in [illegible] 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 delivery of stock registered in any name other than of the Holder of any the Convertible Security converted, and the Company shall not be required to deliver any such stock certificate unless and until the person or persons requesting the delivery thereof shall have paid to the Company the amount of such tax or [illegible] shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates on ---------------------- conversions of Convertible Securities shall be made without charge to the Holder converting a Convertible Security Securityholder 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 stock registered in any name other than that of the Holder holder of any 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 delivery 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 Shares Issued. The delivery of stock certificates on conversions of Convertible Securities shall be made without charge to the Holder converting a Convertible Security 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 delivery of stock registered in any name other than of the Holder of any Convertible Security converted, and the Company shall not be required to deliver any such stock certificate unless and until the person or persons requesting the delivery thereof shall 100 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.