Common use of Stamp or Other Transfer Taxes Clause in Contracts

Stamp or Other Transfer Taxes. Upon any sale of Exchangeable Shares to the Parent pursuant to the exercise of the Exchange Right or the Automatic Exchange Right, the share certificate or certificates representing the Parent Shares to be delivered in connection with the payment of the purchase price therefor shall be issued in the name of the Beneficiary in respect of the Exchangeable Shares so sold or, if permitted under applicable law, in such names as such Beneficiary may otherwise direct in writing without charge to the holder of the Exchangeable Shares so sold; provided, however, that such Beneficiary (a) shall pay (and none of the Parent, Callco, Exchangeco or the Trustee shall be required to pay) any documentary, stamp, transfer of other taxes that may be payable in respect of any transfer involved in the issuance or delivery of such shares to a person other than such Beneficiary or (b) shall have evidenced to the satisfaction of the Parent, Callco, Exchangeco and the Trustee that such taxes (if any) have been paid.

Appears in 2 contracts

Samples: Trust Agreement (Biotricity Inc.), Exchange Agreement (Biotricity Inc.)

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Stamp or Other Transfer Taxes. Upon any sale of Exchangeable Shares to the Parent Molycorp pursuant to the exercise of the Exchange Right or the Automatic Exchange Right, the share certificate or certificates representing the Parent Molycorp Shares to be delivered in connection with the payment of the purchase price therefor shall be issued in the name of the Beneficiary in respect of the Exchangeable Shares so sold or, if permitted under applicable law, or in such names as such Beneficiary may otherwise direct in writing without charge to the holder of the Exchangeable Shares so sold; provided, however, that such Beneficiary (a) shall pay (and none of the ParentMolycorp, Callco, Exchangeco or the Trustee shall be required to pay) any documentary, stamp, transfer of other taxes that may be payable in respect of any transfer involved in the issuance or delivery of such shares to a person other than such Beneficiary or (b) shall have evidenced to the satisfaction of the ParentMolycorp, Callco, Exchangeco and the Trustee that such taxes (if any) have been paid.

Appears in 1 contract

Samples: Arrangement Agreement (Molycorp, Inc.)

Stamp or Other Transfer Taxes. Upon any sale of Exchangeable Shares to the Parent pursuant to the exercise of the Exchange Right or the Automatic Exchange RightRights, the share certificate or certificates representing the Parent Common Shares to be delivered in connection with the payment of the total purchase price therefor shall be issued in the name of the Beneficiary in respect of the Exchangeable Shares so sold or, if permitted under applicable law, in such names as such Beneficiary may otherwise direct in writing without charge to the holder Shareholder of the Exchangeable Shares so sold; provided, however, that such Beneficiary Exchangeable Shareholder (a) shall pay (and none of the Parent, Callco, Exchangeco Parent or the Trustee Corporation shall be required to pay) any documentary, stamp, transfer of or other taxes that may be payable in respect of any transfer involved of such Exchangeable Shares to Parent or in respect of the issuance or delivery of such shares Parent Common Shares to the Exchangeable Shareholder including, without limitation, in the event the Parent Common Shares are being issued or transferred in the name of a person other than such Beneficiary clearing service or depository or a nominee thereof, or (b) shall have evidenced to the satisfaction of the Parent, Callco, Exchangeco Parent and the Trustee Corporation that such taxes (taxes, if any) , have been paid.

Appears in 1 contract

Samples: Exchange Agreement (Nexsan Corp)

Stamp or Other Transfer Taxes. Upon any sale of Exchangeable Shares to the Parent pursuant to the exercise of the Insolvency Exchange Right or the Automatic Exchange RightRights, the share certificate or certificates representing the Parent Common Shares to be delivered in connection with the payment of the total purchase price therefor therefore shall be issued in the name of the Voting Trust Beneficiary in respect of the Exchangeable Shares so sold or, if permitted under applicable law, or in such names as such Voting Trust Beneficiary may otherwise direct in writing without charge to the holder of the Exchangeable Shares so sold; provided, however, that such Voting Trust Beneficiary (a) shall pay (and none of the Parent, Callco, Exchangeco or the Voting Trustee shall be required to pay) any documentary, stamp, transfer of or other taxes that may be payable in respect of any transfer involved in the issuance or delivery of such shares to a person other than such Voting Trust Beneficiary or (b) shall have evidenced to the satisfaction of the ParentVoting Trustee, Callco, the Parent and Exchangeco and the Trustee that such taxes (taxes, if any) , have been paid.

Appears in 1 contract

Samples: Exchange and Voting Trust Agreement (Peress Sass)

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Stamp or Other Transfer Taxes. Upon any sale of Exchangeable Shares to the Parent Trust or Trust Subsidiary pursuant to the exercise of the Exchange Right Rights or the Automatic Exchange RightRights, the share certificate or certificates representing the Parent Shares Trust Units to be delivered in connection with the payment of the total purchase price therefor shall be issued in the name of the Beneficiary in respect of the Exchangeable Shares so sold or, if permitted under applicable law, or in such names as such Beneficiary may otherwise direct in writing without charge to the holder of the Exchangeable Shares so sold; provided, however, that such Beneficiary (a) shall pay (and none of the ParentTrust, CallcoTrust Subsidiary, Exchangeco AcquisitionCo or the Trustee shall be required to pay) any documentary, stamp, transfer of or other taxes that may be payable in respect of any transfer involved in the issuance or delivery of such shares Trust Units to a person other than such Beneficiary or (b) shall have evidenced to the satisfaction of the ParentTrustee, Callcothe Trust, Exchangeco Trust Subsidiary and the Trustee AcquisitionCo that such taxes (taxes, if any) , have been paid.

Appears in 1 contract

Samples: Voting and Exchange Trust Agreement (Enterra Energy Trust)

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