Common use of Adjustment for Tax Purposes Clause in Contracts

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.610.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Warrant Price, in addition to those required by this Section 4.65, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions adjustments in the Conversion Price, in addition to those required by Section 4.6709, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxabletaxable to the recipient thereof.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions adjustments in the Conversion Price, in addition to those required by Section 4.6609, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxabletaxable to the recipient thereof.

Adjustment for Tax Purposes. The Company Corporation shall be entitled to make such reductions in the Conversion Price, in addition to those required by other provisions of this Section 4.69, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company Corporation to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.63.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities Securities or distributions of securities Securities convertible into or exchangeable for stock Capital Stock hereafter made by the Company to its stockholders shall not be taxable, provided that such reduction does not have an adverse effect for tax purposes, or otherwise, on holders of the Securities.

Adjustment for Tax Purposes. The Company Group shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64(e), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities Notes or distributions of securities Notes convertible into or exchangeable for stock Capital Stock hereafter made by the Company Group to its stockholders shall not be taxable, provided that such reduction does not have an adverse effect for tax purposes, or otherwise, on Holders of the Notes.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company McDATA to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions a distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shareholders shall not be taxable; provided that no such reduction shall give rise to a right of the Company to optionally redeem the securities pursuant to Section 3.1.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.612.5, as it the Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders holders of Common Stock shall not be taxabletaxable to such holders.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company Pioneer to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions decreases in the Conversion Price, in addition to those required by Section 4.64.05, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions adjustments in the Conversion PriceRate, in addition to those required by Section 4.6, as it in its reasonable discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Exchange Price, in addition to those required by Section 4.65.05, as it the Company’s Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Company Guarantor to its stockholders holders of Common Stock shall not be taxabletaxable to such holders.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.612.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion PriceRate, in addition to those required by Section 4.61406, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Exchange Price, in addition to those required by Section 4.610.04, as it in its discretion it shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company PCC to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.67.11, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities other securities, or distributions a distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions a distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company Corporation shall be entitled to make such reductions in the Conversion Price, in addition to those required by the preceding sections of this Section 4.66(c), as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company Corporation to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those otherwise required by this Section 4.62(f), as it the Company’s Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions distribution of rights to purchase stock or securities securities, or distributions any distribution of securities convertible into or exchangeable for stock hereafter stock, made after the Issuance Date by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.612.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.68.5, as it the Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders holders of Common Stock shall not be taxabletaxable to such holders.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities Notes or distributions of securities Notes convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable, PROVIDED that such reduction does not have an adverse effect for tax purposes, or otherwise, on holders of the Notes.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.610.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.65.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities Notes or distributions of securities Notes convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable, provided that such reduction does not have an adverse effect for tax purposes, or otherwise, on holders of the Notes.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.612.5, as it the Board of Directors in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities other securities, or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders holders of Common Stock shall not be taxable, or to diminish such taxes, to such holders.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock (or any event treated as such for federal income tax purposes) hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.66.6, as it in its discretion shall determine to be advisable in order that to avoid or diminish any tax to stockholders in connection with any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxablestockholders.

Adjustment for Tax Purposes. The Company --------------------------- shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.610.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Warrant Price, in addition to those required by this Section 4.68, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or securities, distributions of securities convertible into or exchangeable for stock or similar transactions hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities securities, or distributions distribution of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.612.06, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxabletaxable or shall be diminished.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.6, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company Brocade to its stockholders shareholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.610.05, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions subdivision of shares, distributions distribution of rights to purchase stock or securities securities, or distributions of a distribution or securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.

Adjustment for Tax Purposes. The Company shall be entitled to make such reductions in the Conversion Price, in addition to those required by Section 4.64.07, as it in its discretion shall determine to be advisable in order that any stock dividends, subdivisions of shares, distributions of rights to purchase stock or securities or distributions of securities convertible into or exchangeable for stock hereafter made by the Company to its stockholders shall not be taxable.