Taxes on Exchange. The Company will pay any and all transfer, stamp or similar taxes that may be payable in respect of the issue or delivery of Capital Securities in exchange for Debt Securities pursuant hereto.
Taxes on Exchange. The Company will pay any and all stamp or similar taxes that may be payable in respect of the issuance and delivery of shares of Common Stock upon exchange of shares of Class B Stock pursuant to Section 4(c)(i).
Taxes on Exchange. 89 Section 1413. Covenants as to Capital Securities and Secondary Offering .... 89 Section 1414. Provision in Case of Consolidation, Merger or Transfer of Assets..................................................... 90 Section 1415. Trustee Not Responsible....................................... 90
Taxes on Exchange. The issuance of certificates for shares of Common Stock upon the exchange of Warrants shall be made without charge to the Warrant holders for any tax (other than federal or state income taxes) in respect to the issuance of such certificates. Such certificates shall be issued in the respective names of, or in the names directed by, the holder of the Warrant exchanged. Company, however, shall not be required to pay any tax which may be payable in respect to any transfer involved in the issuance and delivery of any such certificate in a name other than that of the holder of the Warrants exchanged, or to issue or deliver such certificates until the person or persons requesting the issuance thereof have paid the Company the amount of such tax or have established to the satisfaction of the Company that such tax has been paid.
Taxes on Exchange. The Company will pay any and all documentary, stamp or similar taxes payable to the United States of America, the British Virgin Islands or any political subdivision or taxing authority thereof or therein in respect of the issue or delivery of Exchange Shares or Cash Settlement Amount on exchange of Notes pursuant hereto; 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 Exchange Shares in a name other than that of the holder of the Notes to be exchanged, 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 exchange of Notes.
Taxes on Exchange. If a Holder exchanges a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon such exchange. However, the Holder shall pay any tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Exchange Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Exchange Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulations.
Taxes on Exchange. If a Holder exchanges a Security, the Company shall pay any documentary, stamp or similar issue or transfer taxes or duties relating to the issuance or delivery of shares of Common Stock upon exercise of such exchange rights. However, the Holder shall pay any tax or duty which may be payable relating to any transfer involving the issuance or delivery of shares of Common Stock in a name other than the Holder’s name. The Exchange Agent may refuse to deliver the certificate representing shares of Common Stock being issued in a name other than the Holder’s name until the Exchange Agent receives a sum sufficient to pay any tax or duties which will be due because the shares are to be issued in a name other than the Holder’s name. Nothing herein shall preclude any tax withholding required by law or regulation.
Taxes on Exchange. If a Lender exchanges a Loan (or any portion thereof), the Borrower shall pay any Other Taxes relating to the issuance, delivery or registration of shares of Series B Preferred Stock upon such exchange; provided that the Borrower shall not pay any such Other Taxes due that were only payable because of the issuance, delivery or registration of the shares in a name other than such Lender’s name.
Taxes on Exchange. 59 SECTION 11.05 Validity of Common Stock......................................59 SECTION 11.06 Adjustment for Change In Capital Stock........................60 SECTION 11.07
Taxes on Exchange. If a Holder exchanges Securities, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the exchange. However, the Holder shall pay any such tax which is due because the Holder requests the shares to be issued in a name other than the Holder’s name. The Exchange Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Exchange Agent receives a sum sufficient to pay any tax which shall be due because the shares are to be issued in a name other than the Holder’s name, but the Exchange Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.
