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 transfer 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 Common Shares upon the exercise of any Warrants, but any such taxes in connection with the issuance of Warrant Certificates or certificates for Common 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 Common Share certificate until such taxes shall have been paid or it has been established to the Company's satisfaction that no tax is due.

Appears in 2 contracts

Samples: Warrant Agreement (American Energy Services Inc), Warrant Agreement (Hiv Vac 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 transfer 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 Shares Stock upon the exercise of any Warrants, but any such transfer taxes in connection with the issuance of Warrant Certificates or certificates for shares of Common Shares 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 Share certificate Stock until such taxes shall have been paid or it has been established to the Company's satisfaction that no tax is due.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Metromedia International Group Inc), Warrant Agreement (Atlantic Coast Entertainment Holdings 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 transfer 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 Shares Stock upon the exercise of any Exchange Warrants, but any such transfer taxes in connection with the issuance of Warrant Certificates or certificates for shares of Common Shares 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 Share certificate Stock until such taxes shall have been paid or it has been established to the Company's satisfaction that no tax is due.

Appears in 2 contracts

Samples: Warrant Agreement (Epoch Pharmaceuticals Inc), Warrant Agreement (Epoch Pharmaceuticals Inc)

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

Appears in 1 contract

Samples: Warrant Agreement (Data Systems Network Corp)

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 transfer 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 Shares Stock upon the exercise of any Warrants, but any such taxes in connection with the issuance of Warrant Certificates or certificates for shares of Common Shares 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 certificates for shares of Common Share certificate Stock until such taxes shall have been paid or it has been established to the Company's satisfaction that no tax is due.

Appears in 1 contract

Samples: Warrant Agreement (International Sports Wagering 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 transfer 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 Shares Stock upon the exercise of any WarrantsWarrant, but any such transfer taxes in connection with the issuance of Warrant Certificates or certificates for shares of Common Shares 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 Share certificate Stock until such taxes shall have been paid or it has been established to the Company's satisfaction that no tax is due.

Appears in 1 contract

Samples: Warrant Agreement (United Equities Commodities Co)

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 transfer 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 Shares Stock upon the exercise of any Warrants, but any such taxes or charges in connection with the issuance of Warrant Certificates or certificates for shares of Common Shares 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 nor be required to issue or deliver any Warrant Certificate or certificate for shares of Common Share certificate Stock until such taxes shall have been paid or it has been established to the Company's or Warrant Agent's satisfaction that no tax or charge is due.

Appears in 1 contract

Samples: Warrant Agreement (Del Global Technologies Corp)

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