Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. If a Holder of a Security exercises a Conversion Right, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the securities into which the Security is convertible upon the conversion. However, the Holder shall pay any such tax which is due because securities or other property are issued in a name other than the Holder's name. Nothing herein shall preclude any income tax or other withholding required by law or regulations.

Taxes on Conversion. If a Holder of a Security exercises a Conversion Rightconverts it, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the securities into which the Security is convertible shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because securities or other property the shares are issued in a name other than the Holder's name. Nothing herein shall preclude any income tax or other withholding required by law or regulations.

Taxes on Conversion. If a Holder of a Security exercises a Conversion Rightconverts it, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the securities into which the Security is convertible shares of Common Stock or such other security upon the conversion. However, the Holder shall pay any withholding tax or any such tax which that is due because securities or other property the shares are issued in a name other than the Holder's ’s name. Nothing herein shall preclude any income tax or other withholding required by law or regulations.

Taxes on Conversion. If a Holder of a Security exercises a Conversion Right, the Company Issuer shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the securities into which the Security is convertible shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because securities or other property are issued in a name other than the Holder's name. Nothing herein shall preclude any income tax or other withholding required by law or regulations.

Taxes on Conversion. If a Holder of a Security exercises a Conversion Right, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of the securities into which the Security is convertible upon the conversion. However, the Holder shall pay any such tax which is due because securities or other property are issued in a name other than the Holder's ’s name. Nothing herein shall preclude any income tax or other withholding required by law or regulations.