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

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reduced.

Cancellation and Destruction of Surrendered Receipts. All The Depositary shall cancel all Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary it and is authorized, but not required, authorized to destroy Receipts so cancelled. The Depositary agrees to maintain records of all Receipts so canceled. Any Receipt evidenced surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in book-entry form shall be deemed canceled keeping with procedures ordinarily followed by stock transfer agents located in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedUnited States.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the The Depositary is authorized, but not required, authorized to destroy Receipts so cancelled. The Depositary agrees to maintain records of all Receipts so canceled. Any Receipt evidenced surrendered and Deposited Securities withdrawn under Section 2.05, of substitute Receipts delivered under Section 2.07, and of cancelled or destroyed Receipts under this Section, in book-entry form shall be deemed canceled keeping with procedures ordinarily followed by stock transfer agents located in proportion to the amount The City of Depositary Shares evidenced by the DTC Receipt to be reducedNew York.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or regulationbe valid or enforceable for any purpose, and the Depositary is authorized, but not required, to shall destroy Receipts so canceled and inform the Company. The Depositary shall keep such records of all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount outstanding, and of Depositary Shares evidenced by the DTC Receipt to be reducedtheir payment, cancellation and destruction, as are required under applicable Stock Transfer Association rules.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or regulationbe valid or enforceable for any purpose, and the Depositary is authorized, but not required, to shall destroy Receipts so canceled and inform the Company. The Depositary shall keep such records of all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount outstanding, and of Depositary Shares evidenced by the DTC Receipt to be reducedtheir payment, cancellation and destruction, as are required under applicable stock transfer rules.

Cancellation and Destruction of Surrendered Receipts. All The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain records of all American Depositary Shares surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section 2.8, in keeping with procedures ordinarily followed by stock transfer agents located in the Depositary United States or any Depositary’s Agent shall be canceled as required by the laws or regulations governing the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reduced.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedcancelled.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, authorized and directed to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedcancelled.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the The Depositary is authorized, but not required, authorized to destroy all Receipts so canceled. Any Receipt evidenced cancelled in book-entry form shall be deemed canceled in proportion to accordance with the amount ordinary standard procedures required of Depositary Shares evidenced by a registered stock transfer agent under the DTC Receipt to be reducedSecurities Exchange Act of 1934, as amended.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the The Depositary is authorized, but not required, authorized to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form The Depositary shall be deemed canceled in proportion to the amount maintain records of Depositary Shares evidenced by the DTC Receipt to be reducedall Receipts surrendered and Deposited Securities withdrawn under Section 2.05, of aubstitute Receipts delivered under Section 2.07, and of Receipts cancelled and destroyed under this Section.

Cancellation and Destruction of Surrendered Receipts. All The Depositary shall cancel all Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary it and is authorized, but not required, authorized to destroy Receipts so cancelled. The Depositary agrees to maintain or cause its agent to maintain records of all Receipts so canceled. Any Receipt evidenced cancelled or destroyed under this Section 2.8, subject to and in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedaccordance with its policies and procedures.

Cancellation and Destruction of Surrendered Receipts. All The Depositary shall cancel all Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary it and is authorized, but not required, authorized to destroy Receipts so cancelled. The Depositary shall keep records of all Receipts so canceled. Any Receipt evidenced cancelled and destroyed in book-entry form shall be deemed canceled accordance with the usual practice of transfer agents located in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedUnited States.