Adjustment for Tax Reasons. The Company may make such increases in each Fixed Conversion Rate, in addition to any other increases required by this Section 2.8, if it deems it advisable to avoid or diminish any income tax to holders of Vale’s common shares resulting from any dividend or distribution of Vale’s common shares (or issuance of rights or warrants to acquire Vale shares) or from any event treated as such for income tax purposes or for any other reasons; provided that the same proportionate adjustment must be made to each Fixed Conversion Rate.
Appears in 2 contracts
Samples: First Supplemental Indenture (Vale S.A.), First Supplemental Indenture (Vale S.A.)
Adjustment for Tax Reasons. The Company may make such increases in each Fixed Conversion Rate, in addition to any other increases required by this Section 2.8, if it deems it advisable to avoid or diminish any income tax to holders of Vale’s common preferred class A shares resulting from any dividend or distribution of Vale’s common preferred class A shares (or issuance of rights or warrants to acquire Vale shares) or from any event treated as such for income tax purposes or for any other reasons; provided that the same proportionate adjustment must be made to each Fixed Conversion Rate.
Appears in 2 contracts
Samples: Second Supplemental Indenture (Vale S.A.), Second Supplemental Indenture (Vale S.A.)
