Common use of Taxes on Shares Issued Clause in Contracts

Taxes on Shares Issued. The delivery of stock certificates upon conversion of Securities shall be made without charge to the Holder converting a Security for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates upon conversion on conversions of Securities shall be made without charge to the converting Holder converting a Security for any tax in respect of the issue thereof. The Issuer 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 Security Securities converted, and the Issuer 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 Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates upon conversion on conversions of Securities shall be made without charge to the Holder converting a Security holder for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Taxes on Shares Issued. The delivery of stock ---------------------- certificates upon conversion of Securities shall be made without charge to the Holder converting a Security for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer the amount of such tax or shall have established to the satisfaction of the Issuer that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates upon conversion on conversions of Securities shall be made without charge to the Holder converting a Security Securityholder for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates upon conversion on conversions of Securities shall be made without charge to the converting Holder converting a Security for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.

Taxes on Shares Issued. The delivery issuance of stock certificates upon conversion on conversions of Securities this Term Note shall be made without charge to the Holder converting a Security for any tax in respect of the issue or transfer thereof. The Issuer Issuers 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 Security convertedHolder, and the Issuer Issuers 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 Issuer Issuers the amount of such tax or shall have established to the satisfaction of the Issuer Issuers that such tax has been paid.

Taxes on Shares Issued. The delivery issue of stock certificates upon conversion on conversions of Securities shall be made without charge to the Holder converting a Security holder for any tax in respect of the issue thereof. The Issuer 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 Security converted, and the Issuer 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 Issuer Company the amount of such tax or shall have established to the satisfaction of the Issuer Company that such tax has been paid.