Common use of Taxes on Shares Issued Clause in Contracts

Taxes on Shares Issued. The issue of stock certificates on conversions of Securities shall be made without charge to the converting Holder for any tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder of any Securities converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The issue of stock certificates certificates, if any, on conversions conversion of Securities Debentures shall be made without charge to the converting Holder for any documentary, stamp or similar issue or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any such tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder holder of any Securities Debenture converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The issue of stock certificates on conversions of Securities Debentures shall be made without charge to the converting Holder Debentureholder for any documentary, stamp or similar issue or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any such tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock such certificates in any name other than that of the Holder holder of any Securities Debenture converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The issue of stock certificates on conversions of Securities Debentures shall be made without charge to the converting Holder Debentureholder for any documentary, stamp or similar issue or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any such tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder holder of any Securities Debenture converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. Nothing herein shall preclude any tax withholding required by law or regulations.

Taxes on Shares Issued. The issue of stock certificates on Common Shares upon conversions of Securities Convertible Notes shall be made without charge to the converting Holder holder for any documentary, stamp or similar issue or transfer tax in respect due on such issue of the issue thereof, except for applicable withholding, if anyCommon Shares. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder holder of any Securities Convertible Note converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person person or Persons persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid. Nothing herein shall preclude any income tax withholding required by law or regulations.

Taxes on Shares Issued. The issue of stock share certificates on conversions of Securities Convertible Debentures shall be made without charge to the converting Holder of such Convertible Debentures for any tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock shares in any name other than that of the Holder of any Securities Convertible Debenture converted, and the Company shall not be required to issue or deliver any such stock share certificate unless and until the Person person or Persons persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The issue of stock certificates on conversions of Securities Debentures shall be made without charge to the converting Holder for any documentation, stamp or similar issue or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The ; provided that the Company shall not, however, be required to pay any tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder of any Securities Debenture converted, and the . The Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the any amount of such tax or shall have established to the reasonable satisfaction of the Company that such tax has been paid.

Taxes on Shares Issued. The issue of stock certificates on conversions of Securities Debentures shall be made without charge to the converting Holder holder of Debentures for any documentary, stamp or similar issue or transfer tax in respect of the issue thereof, except for applicable withholding, if any. The Company shall not, however, be required to pay any such tax or duty which may be payable in respect of any transfer involved in the issue and delivery of stock in any name other than that of the Holder holder of any Securities Debentures converted, and the Company shall not be required to issue or deliver any such stock certificate unless and until the Person or Persons requesting the issue thereof shall have paid to the Company the amount of such tax or shall have established to the satisfaction of the Company that such tax has been paid.