Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant thereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock in a name other than that of the Holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 12 contracts

Samples: Indenture (Smartalk Teleservices Inc), Indenture (Occusystems Inc), Registration Rights Agreement (Apollo Investment Fund Iv Lp)

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Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant thereto; provided, however, -------- ------- that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock in a name other than that of the Holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 5 contracts

Samples: Indenture (Total Renal Care Holdings Inc), Data Processing Resources Corp, United States Filter Corp

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Capital Stock on conversion of Securities pursuant thereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Capital Stock in a name other than that of the Holder holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends shall pay no protection tax that may be payable with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 4 contracts

Samples: Indenture (Bear Stearns Companies Inc), Indenture (Bear Stearns Capital Trust V), Bear Stearns Capital Trust I

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities Notes pursuant thereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock in a name other than that of the Holder of the Securities Notes to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of SecuritiesNotes.

Appears in 4 contracts

Samples: Indenture (Surety Capital Corp /De/), Cellular Communications International Inc, Fine Host Corp

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock Series A on conversion of Securities Debentures pursuant theretohereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock Series A in a name other than that of the Holder of the Securities Debentures to be converted and no such issue or delivery shall be made unless and until the person Person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 3 contracts

Samples: Supplemental Indenture (Citizens Utilities Capital L P), Supplemental Indenture (Citizens Utilities Capital L P), Citizens Utilities Capital L P

Taxes on Conversion. The Company will shall pay any and all documentary, stamp or similar issue or transfer taxes that may be payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant thereto; providedhereto. The Company shall not, however, that the Company shall not be required to pay any such tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock or the portion, if any, of the Securities which are not so converted in a name other than that of the Holder of in which the Securities to be so converted were registered, and no such issue or delivery shall be made unless and until the person Person requesting such issue or delivery has paid to the Company the amount of any such tax or has established, established to the satisfaction of the Company, Company that such tax has been paid. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Aon Corp

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock Conversion Proceeds on conversion of Securities Debentures pursuant thereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock Conversion Proceeds in a name other than that of the Holder holder of the Securities Debentures to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of SecuritiesDebentures.

Appears in 2 contracts

Samples: Supplemental Indenture (Sunamerica Inc), Indenture (Sunamerica Capital Trust Vi)

Taxes on Conversion. The Company will shall pay any and all documentary, stamp or similar issue or transfer taxes that may be payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant thereto; providedhereto. The Company shall not, however, that the Company shall not be required to pay any such tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock or the portion, if any, of the Securities which are not so converted in a name other than that of in which the Holder of the Securities to be securities so converted were registered, and no such issue or delivery shall be made unless and until the person Person requesting such issue or delivery has paid to the Company the amount of any such tax or has established, established to the satisfaction of the Company, Company that such tax has been paid. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 2 contracts

Samples: Hanover Compressor Co /, Hanover Compressor Co /

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Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant thereto; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock in a name other than that of the Holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities. SECTION 13.8.

Appears in 1 contract

Samples: Indenture (Checkpoint Systems Inc)

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Company Common Stock on conversion of Securities this Note pursuant theretohereto; providedPROVIDED, howeverHOWEVER, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Company Common Stock in a name other than that of the Holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securitiesthis Note.

Appears in 1 contract

Samples: Dynamic Materials Corp

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock on conversion of Securities pursuant theretotherefor; provided, however, that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock in a name other than that of the Holder of the Securities to be converted and no such issue or delivery shall be made unless and until the person Person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of Securities.

Appears in 1 contract

Samples: Execution Copy (Getty Images Inc)

Taxes on Conversion. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America or Canada or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of shares of Common Stock Shares on conversion of Securities Subordinated Debentures pursuant theretohereto; provided, however, provided that the Company shall not be required to pay any tax which may be payable in respect of any transfer involved in the issue or delivery of shares of Common Stock Shares in a name other than that of the Holder holder of the Securities Subordinated Debentures to be converted and no such issue or delivery shall be made unless and until the person requesting such issue or delivery 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. The Company extends no protection with respect to any other taxes imposed in connection with conversion of SecuritiesSubordinated Debentures.

Appears in 1 contract

Samples: Supplemental Indenture (Inco LTD)

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