Common use of PAYMENT OF CERTAIN TAXES UPON CONVERSION Clause in Contracts

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 49 contracts

Samples: Indenture (Omeros Corp), Indenture (B. Riley Financial, Inc.), Indenture (B. Riley Financial, Inc.)

AutoNDA by SimpleDocs

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 22 contracts

Samples: Indenture (Forest City Enterprises Inc), Indenture (Wendys International Inc), Indenture (Forest City Enterprises Inc)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock the Exchange Securities on conversion of Securities pursuant hereto. 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 shares of its Common Stock the Exchange Securities in a name other than that of the Holder of the Security or Securities 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 10 contracts

Samples: Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD), Indenture (Nabors Industries LTD)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder of the Security or Securities 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 7 contracts

Samples: Indenture (Penn Virginia Corp), Indenture (Penn Virginia MC CORP), Indenture (Penn Virginia Corp)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities Debentures pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder of the Security Debenture or Securities Debentures 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 4 contracts

Samples: Indenture (Wabash National Corp /De), Exchange Agreement (Insignia Financial Group Inc /De/), Indenture (Insignia Financing I)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities Debentures pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder of the Security Debenture or Securities Debentures 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 4 contracts

Samples: Sun Healthcare Group Inc, Calenergy Capital Trust Vi, Sun Healthcare Group Inc

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock Stock, or other securities or property of the Company, as applicable, on conversion of Securities pursuant hereto. 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 shares of its Common Stock Stock, or other securities or property of the Company, as applicable, in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 4 contracts

Samples: Senior Indenture (Bowater Inc), Bowater Inc, Bowater Inc

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the Company will pay any and all documentary, stamp or similar taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid. Nothing herein shall preclude any tax withholding required by law or regulation.

Appears in 3 contracts

Samples: Satisfaction And (Ddi Capital Corp/Dynamic Details Inc), Ddi Corp, Ddi Corp

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder of the Security or Securities 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 2 contracts

Samples: Indenture (Axys Pharmecueticals Inc), Axys Pharmecueticals Inc

AutoNDA by SimpleDocs

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock Shares on conversion of Securities pursuant hereto. 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 shares of its Common Stock Shares in a name other than that of the Holder of the Security or Securities 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 has established, to the satisfaction of the Companysatisfaction, that such tax has been paid.

Appears in 1 contract

Samples: Patterson Energy Inc

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder of the Security or Securities 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 has established, to the satisfaction of the Company, that such tax has been paid.. 77

Appears in 1 contract

Samples: Subordinated Indenture (Stone Energy Corp)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. The 66 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 1 contract

Samples: Indenture (Fluor Corp)

PAYMENT OF CERTAIN TAXES UPON CONVERSION. 67- 77 Except as provided in the next sentence, the Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.

Appears in 1 contract

Samples: Quantum Corp /De/

PAYMENT OF CERTAIN TAXES UPON CONVERSION. Except as provided in the next sentence, the The Company will pay any and all taxes that may be payable in respect of the issue or delivery of shares of its Common Stock on conversion of Securities pursuant hereto. 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 shares of its Common Stock in a name other than that of the Holder 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 has established, to the satisfaction of the Company, that such tax has been paid.. 77

Appears in 1 contract

Samples: International Paper Capital Trust Iii

Time is Money Join Law Insider Premium to draft better contracts faster.