Common use of Taxes Due upon Conversion Clause in Contracts

Taxes Due upon Conversion. If a Holder converts a Security, the Company will pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of the Common Stock upon the conversion, unless the tax is due because the Holder requests that any shares be issued in a name other than the Holder’s name, in which case the Holder will pay that tax.

Appears in 6 contracts

Samples: Indenture (Arbor Realty Trust Inc), Supplemental Indenture (Granite Point Mortgage Trust Inc.), Indenture (Arbor Realty Trust Inc)

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Taxes Due upon Conversion. If a Holder converts a Security, the Company will shall pay any documentary, stamp or similar issue or transfer tax due on the issue of any shares of the Common Stock upon the conversion, unless the tax is due because the Holder requests that any shares be issued in a name other than the Holder’s name, in which case the Holder will shall pay that tax.

Appears in 1 contract

Samples: Mfa Financial (Mfa Financial, Inc.)

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