Common use of Stamp or Other Transfer Taxes Clause in Contracts

Stamp or Other Transfer Taxes. Upon any exchange of Exchangeable Shares pursuant to the Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing BEI Shares to be delivered in connection with the payment of the total consideration therefor shall be issued in the name of the Holder of the Exchangeable Shares so exchanged or in such names as such Holder may otherwise direct in writing without charge to the Holder of the Exchangeable Shares so exchanged, provided, however, that such Holder (a) shall pay (and neither BEI nor Exchangeco shall be required to pay) any documentary, stamp, transfer or other similar 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 Holder or (b) shall have established to the satisfaction of BEI and Exchangeco that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Exchange Rights Agreement (Barnabus Energy, Inc.)

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Stamp or Other Transfer Taxes. Upon any exchange sale of Exchangeable Shares ----------------------------- to Entrust pursuant to the Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing BEI Entrust Common Shares to be delivered in connection with the payment of the total consideration purchase price therefor shall be issued in the name of the Holder of the Exchangeable Shares so exchanged sold or in such names as such Holder may otherwise direct in writing without charge to the Holder of the Exchangeable Shares so exchangedHolder, provided, however, that such Holder (a) shall pay (and neither BEI Entrust nor Exchangeco the Corporation shall be required to pay) any documentary, stamp, transfer or other similar 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 Holder or (b) shall have established establish to the satisfaction of BEI Entrust and Exchangeco the Corporation that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Share Exchange Agreement (Entrust Technologies Inc)

Stamp or Other Transfer Taxes. Upon any exchange sale of Exchangeable Shares to the Parent pursuant to the Insolvency Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing BEI Parent Common Shares to be delivered in connection with the payment of the total consideration purchase price therefor shall be issued in the name of the Holder Shareholder of the Exchangeable Shares so exchanged or in such names as such Holder may otherwise direct in writing sold without charge to the Holder Shareholder of the Exchangeable Shares so exchanged, sold; provided, however, however that such Holder Shareholder (a) shall pay (and neither BEI the Parent, Purchaser nor Exchangeco the Trustee shall be required to pay) any documentary, stamp, transfer transfer, withholding or other similar 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 Holder Shareholder, or (b) shall have established to the satisfaction of BEI the Trustee, the Parent and Exchangeco Purchaser that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Exchange and Voting Agreement (Internet Food Co Inc)

Stamp or Other Transfer Taxes. Upon any exchange sale of Exchangeable Shares to Patch pursuant to the Insolvency Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing BEI Patch Shares to be delivered in connection with the payment of the total consideration therefor purchase price therefore shall be issued in the name of of, or transferred to, the Holder Shareholder of the Exchangeable Shares so exchanged or in such names as such Holder may otherwise direct in writing sold without charge to the Holder Shareholder of the Exchangeable Shares so exchanged, sold; provided, however, however that such Holder Shareholder: (ai) shall pay (and neither BEI none of Patch, Exchangeco nor Exchangeco the Trustee shall be required to pay) any documentary, stamp, transfer or other similar 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 Holder Shareholder; or (bii) shall have established to the satisfaction of BEI the Trustee, Patch and Exchangeco that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Exchange and Voting Trust Agreement (Patch International Inc/Cn)

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Stamp or Other Transfer Taxes. Upon any exchange sale of Exchangeable Shares to Patch pursuant to the Insolvency Exchange Right or the Automatic Exchange Rights, the share certificate or certificates representing BEI Patch Shares to be delivered in connection with the payment of the total consideration purchase price therefor shall be issued in the name of of, or transferred to, the Holder Shareholder of the Exchangeable Shares so exchanged or in such names as such Holder may otherwise direct in writing sold without charge to the Holder Shareholder of the Exchangeable Shares so exchanged, sold; provided, however, however that such Holder Shareholder: (ai) shall pay (and neither BEI none of Patch, Exchangeco nor Exchangeco the Trustee shall be required to pay) any documentary, stamp, transfer or other similar 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 Holder Shareholder; or (bii) shall have established to the satisfaction of BEI the Trustee, Patch and Exchangeco that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Exchange and Voting Trust Agreement (Patch International Inc/Cn)

Stamp or Other Transfer Taxes. Upon any exchange sale of Exchangeable Shares to WCL pursuant to the Exchange Right or the Automatic Exchange Rightsprovisions of this Agreement, the share certificate or certificates representing BEI Shares WII Common Stock to be delivered in connection with the payment of the total consideration purchase price therefor shall be issued in the name of the Holder of the Exchangeable Shares so exchanged sold or in such names as such Holder may otherwise direct in writing without charge to the Holder of the Exchangeable Shares so exchanged, sold; provided, however, that such Holder (a) shall pay (and neither BEI WCL nor Exchangeco the Corporation shall be required to pay) any documentary, stamp, transfer or other similar 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 Holder or (b) shall have established evidenced to the satisfaction of BEI WCL and Exchangeco the Corporation that such taxes, if any, have been paid.

Appears in 1 contract

Samples: Exchange Rights Agreement (Weatherford International Inc /New/)

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