Common use of Cancellation and Destruction of Surrendered Depositary Receipts Clause in Contracts

Cancellation and Destruction of Surrendered Depositary Receipts. All Depositary Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such Depositary Receipts so cancelled.

Appears in 2 contracts

Samples: Master Agreement (Ascent Pediatrics Inc), Depositary Agreement (Alpharma Inc)

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Cancellation and Destruction of Surrendered Depositary Receipts. All Depositary Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such Depositary Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Washington Water Power Co)

Cancellation and Destruction of Surrendered Depositary Receipts. All Depositary Receipts surrendered to the Depositary or any Depositary's Agent shall will be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such cancelled Depositary Receipts so cancelled.Receipts. Indenture ---------

Appears in 1 contract

Samples: Deposit Agreement (Inmc Mortgage Holdings Inc)

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Cancellation and Destruction of Surrendered Depositary Receipts. All Depositary Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such all Depositary Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Mack Cali Realty Corp)

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