Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. If a Holder converts 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 conversion. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 21 contracts

Samples: Supplemental Indenture (Hornbeck Offshore Services Inc /La), Catalyst Biosciences, Inc., First Supplemental Indenture (Flotek Industries Inc/Cn/)

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Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the conversion. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any the withholding of any tax required by lawlaw or regulations.

Appears in 7 contracts

Samples: Indenture (Aar Corp), Indenture (Aar Corp), Indenture (Aar Corp)

Taxes on Conversion. If a Holder converts 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 conversion. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 7 contracts

Samples: Trinity Industries Inc, Indenture (Trinity Industries Inc), Indenture (Manor Care Inc)

Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion 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 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 5 contracts

Samples: Indenture (Fisher Scientific International Inc), Halliburton Co, Interpublic Group of Companies Inc

Taxes on Conversion. If a Holder converts Securitiesa Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax which shall will be due because the shares are to be issued in a name other than the Holder’s 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any tax withholding of tax required by lawlaw or regulations.

Appears in 4 contracts

Samples: Supplemental Indenture (Avaya Inc), Polymer Group Inc, Aol Time Warner Inc

Taxes on Conversion. If a Holder converts 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 conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion 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 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 3 contracts

Samples: Indenture (L-1 Identity Solutions, Inc.), King Pharmaceuticals Inc, Calgon Carbon Corporation

Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue issuance and delivery of shares of Common Stock Ordinary Shares upon the conversion. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock Ordinary Shares being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 2 contracts

Samples: First Supplemental Indenture (Vantage Drilling CO), Supplemental to Indenture (Vantage Drilling CO)

Taxes on Conversion. If a Holder converts 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 conversion. However, provided that 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 2 contracts

Samples: Indenture (Interstate Bakeries Corp/De/), Intercreditor Agreement (Interstate Bakeries Corp/De/)

Taxes on Conversion. If a Holder converts Securities, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Capital Stock upon the conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Capital Stock being issued in a name other than the Holder’s 's name until the Conversion 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 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 2 contracts

Samples: Chemed Corp, Chemed Corp

Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares of Common Stock to be issued in a name other than the Holder’s name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Indenture (Radioshack Corp)

Taxes on Conversion. If a Holder converts Securitiesa Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Class A Common Stock upon the such conversion. 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 Conversion Agent may refuse to deliver the certificates certificate representing the Class A Common Stock being issued in a name other than the Holder’s name until the Conversion Agent receives a sum sufficient to pay any tax which shall will be due because the shares are to be issued in a name other than the Holder’s name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any tax withholding of tax required by lawlaw or regulation.

Appears in 1 contract

Samples: First Supplemental Indenture (Sinclair Broadcast Group Inc)

Taxes on Conversion. If a Holder converts Securitiesa Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock Class A common stock upon the conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock Class A common stock being issued in a name other than the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax which shall will be due because the shares are to be issued in a name other than the Holder’s 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any tax withholding of tax required by lawlaw or regulations.

Appears in 1 contract

Samples: First Supplemental Indenture (Sonic Automotive Inc)

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Taxes on Conversion. If a Holder converts Securities, Notes the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue issuance of shares of Common Stock upon the such conversion. 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 Conversion Agent may refuse to deliver the certificates representing the shares of Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Annaly Capital Management Inc

Taxes on Conversion. If a Holder converts Securities, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon issued to satisfy the conversionNet Amount. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Veeco Instruments Inc

Taxes on Conversion. If a Holder converts 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 conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion 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 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Indenture (HCRC Inc)

Taxes on Conversion. If a Holder converts Securitiesa LYON, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the such conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax which shall will be due because the shares are to be issued in a name other than the Holder’s 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any tax withholding of tax required by lawlaw or regulations.

Appears in 1 contract

Samples: Supplemental Indenture (Time Warner Companies Inc)

Taxes on Conversion. If a Holder converts Securitiesa Note, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the such conversion. 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 's name. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s 's name until the Conversion Agent receives a sum sufficient to pay any tax which shall will be due because be- cause the shares are to be issued in a name other than the Holder’s 's name, but the Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any tax withholding of tax required by lawlaw or regulations.

Appears in 1 contract

Samples: Covenants (Watermark Realty Inc)

Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock upon the conversion. 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 Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Goodrich Petroleum Corp

Taxes on Conversion. If a Holder converts SecuritiesNotes, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue issuance of shares of Common Stock upon the such conversion. 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 Conversion Agent may refuse to deliver the certificates representing the shares of Common Stock being issued in a name other than the Holder’s name until the Conversion 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 Conversion Agent shall have no duty to determine if any such tax is due. Nothing herein shall preclude any withholding of tax required by law.

Appears in 1 contract

Samples: Alcoa Inc

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