Common use of Payment of Taxes and Charges Clause in Contracts

Payment of Taxes and Charges. The Company will from time to time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock upon the exercise of any Warrants, but any taxes or charges in connection with the issuance of Warrant Certificates or certificates for shares of Common Stock in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate for shares of Common Stock until such taxes or charges shall have been paid or it has been established to the Company’s satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it is satisfied that all such taxes and/or charges have been paid.

Appears in 3 contracts

Samples: Series B Warrant Agreement (Xo Communications Inc), Series a Warrant Agreement (Xo Communications Inc), Series C Warrant Agreement (Xo Communications Inc)

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Payment of Taxes and Charges. The Company will from time to time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock Warrant Shares upon the exercise of any Warrants, but provided, however, any additional transfer taxes or charges in connection with the issuance of Warrant Certificates or certificates Certificates for shares of Common Stock Warrant Shares in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate Certificates for shares of Common Stock Warrant Shares and the Warrant Agent shall not be required to deliver any Warrant Certificates or Warrant Shares until such taxes or charges shall have been paid or it has been established to the Company’s 's and the Warrant Agent's satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it to determine if any tax is satisfied that all such taxes and/or charges have been paiddue.

Appears in 2 contracts

Samples: Warrant Agreement (Ampex Corp /De/), Warrant Agreement (Lamonts Apparel Inc)

Payment of Taxes and Charges. The Company will from time to time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock upon the exercise of any Warrants, but any taxes or charges in connection with the issuance of Warrant Certificates or certificates for shares of Common Stock in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate for shares of Common Stock until such taxes or charges shall have been paid or it has been established to the Company’s 's satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it is satisfied that all such taxes and/or charges have been paid.

Appears in 1 contract

Samples: Series a Warrant Agreement (Amf Bowling Worldwide Inc)

Payment of Taxes and Charges. The Company will from time to ---------------------------- time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock upon the exercise of any Warrants, but any taxes or charges in connection with the issuance of Warrant Certificates or certificates for shares of Common Stock in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate for shares of Common Stock until such taxes or charges shall have been paid or it has been established to the Company’s 's satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it is satisfied that all such taxes and/or charges have been paid.

Appears in 1 contract

Samples: Series B Warrant Agreement (Amf Bowling Worldwide Inc)

Payment of Taxes and Charges. The Company will from time to time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock Warrant Shares upon the exercise of any Warrants, but provided, however, any additional transfer taxes or charges in connection with the issuance of Warrant Certificates or certificates Certificates for shares of Common Stock Warrant Shares in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate certificates for shares of Common Stock Warrant Shares and the Warrant Agent shall not be required to deliver any Warrant Certificates or Warrant Shares until such taxes or charges shall have been paid or it has been established to the Company’s 's and the Warrant Agent's satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it to determine if any tax is satisfied that all such taxes and/or charges have been paiddue.

Appears in 1 contract

Samples: Warrant Agreement (Lamonts Apparel Inc)

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Payment of Taxes and Charges. The Company will from time to time ---------------------------- promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock upon the exercise of any Warrants, but any taxes or charges in connection with the issuance of Warrant Certificates or certificates for shares of Common Stock in any name other than that of the registered holder of the Warrant Certificate surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate or certificate for shares of Common Stock until such taxes or charges shall have been paid or it has been established to the Company’s 's satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section unless and until it is satisfied that all such taxes and/or charges have been paid.

Appears in 1 contract

Samples: Warrant Agreement (Paragon Trade Brands Inc)

Payment of Taxes and Charges. The Company will from time to time promptly pay to the Warrant Agent, or make provisions satisfactory to the Warrant Agent for the payment of, all taxes and charges that may be imposed by the United States or any state upon the Company or the Warrant Agent in connection with the issuance or delivery of shares of Common Stock Shares upon the exercise of any Warrants, but any taxes or charges in connection with the issuance of Warrant Certificates Warrants or certificates for shares of Common Stock Shares in any name other than that of the registered holder of the Warrant Certificate Warrants surrendered shall be paid by such registered holder; and, in such case, the Company shall not be required to issue or deliver any Warrant Certificate Warrants or certificate for shares of Common Stock Shares until such taxes or charges shall have been paid or it has been established to the Company’s satisfaction that no tax or charge is due. The Warrant Agent shall have no duty or obligation under this Section 21 unless and until it is satisfied that all such taxes and/or and charges have been paid.

Appears in 1 contract

Samples: Warrant Agreement (Aveo Pharmaceuticals Inc)

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