Adjustment for Tax Purposes. The Company may make such increases in the Exercise Rate, in addition to those otherwise required by this Section, as it considers to be advisable in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.
Appears in 11 contracts
Samples: Warrant Agreement (Transportation Technologies Industries Inc), Warrant Agreement (Transportation Technologies Industries Inc), Warrant Agreement (Transportation Technologies Industries Inc)
Adjustment for Tax Purposes. The Company may make such increases --------------------------- in the Exercise Rate, in addition to those otherwise required by this Section, as it considers to be advisable in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.
Appears in 4 contracts
Samples: Warrant Agreement (Diva Systems Corp), Warrant Agreement (Unifi Communications Inc), Warrant Agreement (Equinix Inc)
Adjustment for Tax Purposes. The Company may make such increases in the Exercise Price and Exercise Rate, in addition to those otherwise required by this SectionSection 11, as it considers to be advisable in order that any event treated for Federal income tax purposes as a dividend of stock or stock rights shall not be taxable to the recipients.. (l)
Appears in 2 contracts
Samples: Warrant Agreement (Coastal Corp), Warrant Agreement (Coastal Corp)
