Common use of Taxes on Conversion Clause in Contracts

Taxes on Conversion. If a Holder converts a Security, 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 and any income tax which is imposed on the Holder as a result of the conversion. 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 will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 9 contracts

Samples: Indenture (Avatar Holdings Inc), Rights Agreement (Dri I Inc), Indenture (American Financial Group Inc)

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Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on taxes or duties relating to the issue issuance or delivery of shares of Common Stock upon the conversionexercise of such conversion rights. However, the Holder shall pay any such tax or duty which is due because may be payable relating to any transfer involving the Holder requests the issuance or delivery of shares to be issued of Common Stock in a name other than the Holder's name and any income tax which is imposed on the Holder as a result of the conversion’s name. The Conversion Agent may refuse to deliver the certificates certificate representing the shares of 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 or duties which will be due because the shares are to be issued in a name other than the Holder's ’s name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationsregulation.

Appears in 9 contracts

Samples: Indenture (Adc Telecommunications Inc), Indenture (Adc Telecommunications Inc), Indenture (Adc Telecommunications Inc)

Taxes on Conversion. If a Holder converts a Security, 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 and any income tax which is imposed on the Holder as a result of the conversion. 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 will be due because the shares are to be issued in a name other than the Holder's ’s name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 3 contracts

Samples: Indenture (Palm Harbor Homes Inc /Fl/), Expressjet Holdings Inc, Expressjet Holdings Inc

Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentarytransfer, stamp or similar taxes or duties related to the issue or transfer tax due on the issue delivery of shares of Common Stock upon the such conversion. However, the The Company shall also pay any such tax with respect to cash received in lieu of fractional shares. 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 and any income tax which is imposed on the Holder as a result of the conversion’s name. The Conversion Agent may refuse to deliver the certificates certificate 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 will be due because the shares are to be issued in a name other than the Holder's ’s name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationsregulation.

Appears in 2 contracts

Samples: American Medical Systems Holdings Inc, American Medical Systems Holdings Inc

Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Common Stock Conversion Shares or Warrants upon the such conversion. However, the Holder shall pay any such tax which is due because the Holder requests the shares Conversion Shares or Warrants to be issued in a name other than the Holder's name and any income tax which is imposed on the Holder as a result of the conversion’s name. The Conversion Agent Company may refuse to deliver the certificates certificate, or certificates, or other instrument representing the Common Stock Conversion Shares or Warrants being issued in a name other than the Holder's ’s name until the Conversion Agent Company receives a sum sufficient to pay any tax which will be due because the shares Conversion Shares or Warrants are to be issued in a name other than the Holder's ’s name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationsregulation.

Appears in 2 contracts

Samples: Univision Holdings, Inc., Grupo Televisa, S.A.B.

Taxes on Conversion. If a Holder converts a SecurityNotes, 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; provided, 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 and any income tax which is imposed on the Holder as a result of the conversion’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 ’s name until the Conversion Agent receives a sum sufficient to pay any tax which will 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 the Company from any tax withholding or directing the withholding of any tax required by law or regulationslaw.

Appears in 2 contracts

Samples: Allegheny Technologies Incorporated (Allegheny Technologies Inc), Allegheny Technologies Incorporated (Allegheny Technologies Inc)

Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue or release of shares of Common Stock and/or Expedia 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 and any income tax which is imposed on the Holder as a result of the conversionname. The Conversion Agent may refuse to deliver the certificates representing the Common Stock and/or Expedia Stock being issued and/or delivered in a name other than the Holder's name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationsregulation.

Appears in 1 contract

Samples: Second Supplemental Indenture (Iac/Interactivecorp)

Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue 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 ’s name and any income tax which is imposed on the Holder as a result of the conversion. 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 ’s name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the Holder's ’s name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 1 contract

Samples: Indenture (Apex Silver Mines LTD)

Taxes on Conversion. If a Holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue 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 and any income tax which is imposed on the Holder as a result of the conversion. 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 will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 1 contract

Samples: Apex Silver Mines LTD

Taxes on Conversion. If a Holder converts a SecurityNotes or the Company exercises Mandatory Conversion rights, 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 and any income tax which is imposed on the Holder as a result of the conversion’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 ’s name until the Conversion Agent receives a sum sufficient to pay any tax which will 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 the Company from any tax withholding or directing the withholding of any tax required by law or regulationslaw.

Appears in 1 contract

Samples: Indenture (Annaly Capital Management Inc)

Taxes on Conversion. If a Holder converts a SecurityNote, 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 and any income tax which is imposed on the Holder as a result of the conversion. 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 will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 1 contract

Samples: Roper Industries Inc /De/

Taxes on Conversion. If a Holder converts a Security, the ------------------- Company shall pay any documentary, stamp or similar issue or transfer tax due on the issue of shares of Series 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 and any income tax which is imposed on the Holder as a result of the conversionname. The Conversion Conver sion Agent may refuse to deliver the certificates representing the shares of Series 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 will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 1 contract

Samples: Indenture (Times Mirror Co /New/)

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Taxes on Conversion. If a Holder converts a SecurityNote, 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. HoweverThe Holder, the Holder however, shall pay any such tax which that is due because the Holder requests the shares to be issued in a name other than the Holder's name and any income tax which is imposed on the Holder as a result of the conversionname. The Conversion Agent may may, and, if so instructed by the Company, shall, 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 will be due because the shares are to be issued in a name other than the Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulations.

Appears in 1 contract

Samples: Supplemental Indenture (Pride International Inc)

Taxes on Conversion. If a Convertible Holder converts a SecurityConvertible Note, 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 Convertible Holder shall pay any such tax which is due because the Convertible Holder requests the shares to be issued in a name other than the Convertible Holder's name and any income tax which is imposed on the Holder as a result of the conversionname. The Conversion Agent may refuse to deliver the certificates certificate representing the Common Stock being issued in a name other than the Convertible Holder's name until the Conversion Agent receives a sum sufficient to pay any tax which will be due because the shares are to be issued in a name other than the Convertible Holder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationsregulation.

Appears in 1 contract

Samples: AFG Enterprises USA, Inc.

Taxes on Conversion. If a Holder converts a SecuritySecurities, 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; provided, 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 and any income tax which is imposed on the Holder as a result of the conversion’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 ’s name until the Conversion Agent receives a sum sufficient to pay any tax which will 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 the Company from any tax withholding or directing the withholding of any tax required by law or regulationslaw.

Appears in 1 contract

Samples: Indenture (Grubb & Ellis Co)

Taxes on Conversion. If a Holder holder converts a Security, the Company Alltel shall pay any documentary, stamp or similar issue or transfer tax or duties due on the issue of shares of Common Stock upon the conversion. However, the Holder holder shall pay any such tax or duty which is due because the Holder holder requests the shares to be issued in a name other than the Holder's holder’s name and any income tax which is imposed on the Holder holder as a result of the conversion. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holder's holder’s name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because the shares are to be issued in a name other than the Holder's holder’s name. Nothing herein shall preclude the Company or Alltel from any tax withholding or directing the withholding of any tax required by applicable law or regulations.

Appears in 1 contract

Samples: Supplemental Indenture (Alltel Corp)

Taxes on Conversion. If a Holder converts a SecurityNotes, 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 and any income tax which is imposed on or delivered to a Person other than the Holder as a result of the conversionHolder. 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 will shall be due because the shares are to be issued in a name other than the Holder's namename or delivered to a Person other than the Holder. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by law or regulationslaw.

Appears in 1 contract

Samples: Maverick Tube Corporation

Taxes on Conversion. If a Holder converts a SecurityNotes (or Notes are converted pursuant to Section 11.09), 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 and any income tax which is imposed on the Holder as a result of the conversion’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 will 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 the Company from any tax withholding or directing the withholding of any tax required by law or regulationslaw.

Appears in 1 contract

Samples: Goodrich Petroleum Corp

Taxes on Conversion. If a Holder holder converts a Security, the Company shall pay any documentary, stamp or similar issue or transfer tax or duties due on the issue of shares of Common Stock upon the conversion. However, the Holder holder shall pay any such tax or duty which is due because the Holder holder requests the shares to be issued in a name other than the Holderholder's name and any income tax which is imposed on the Holder holder as a result of the conversion. The Conversion Agent may refuse to deliver the certificates representing the Common Stock being issued in a name other than the Holderholder's name until the Conversion Agent receives a sum sufficient to pay any tax or duty which will be due because the shares are to be issued in a name other than the Holderholder's name. Nothing herein shall preclude the Company from any tax withholding or directing the withholding of any tax required by applicable law or regulations.

Appears in 1 contract

Samples: Western Wireless Corp

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