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

Cancellation and Destruction of Surrendered Receipts. 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 The Depositary agrees to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 8 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Nova Minerals LTD), Deposit Agreement (Orphazyme a/S)

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Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and 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 authorized, but not required, to destroy all Receipts so cancelledcanceled. The Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary agrees Shares evidenced by the DTC Receipt to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesbe reduced.

Appears in 8 contracts

Samples: Deposit Agreement (Amtrust Financial Services, Inc.), Deposit Agreement (National General Holdings Corp.), Deposit Agreement (Amtrust Financial Services, Inc.)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.52.05, of substitute Receipts delivered under Section 2.72.07, and of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United StatesThe City of New York.

Appears in 7 contracts

Samples: Deposit Agreement (Criteo S.A.), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Luxfer Holdings PLC)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary shall be cancelled by the Depositary. Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or be valid or enforceable for any purpose, and the Depositary shall destroy Receipts so canceled and inform the Company. The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain keep such records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7outstanding, and of cancelled or destroyed Receipts their payment, cancellation and destruction, as are required under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesapplicable Stock Transfer Association rules.

Appears in 7 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Sappi LTD), Deposit Agreement (Sappi LTD)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary shall be cancelled by the Depositary. Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or be valid or enforceable for any purpose, and the Depositary shall destroy Receipts so canceled and inform the Company. The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain keep such records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7outstanding, and of cancelled or destroyed Receipts their payment, cancellation and destruction, as are required under this Section, in keeping with procedures ordinarily followed by applicable stock transfer agents located in the United Statesrules.

Appears in 7 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Ambev S.A.), Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain shall keep such records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, outstanding and of cancelled or destroyed Receipts their payment, cancellation and destruction as are required under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesapplicable Stock Transfer Association rules.

Appears in 6 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary or any Depositary’s 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 cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled. The Depositary agrees to maintain records of all Receipts 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 keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 3 contracts

Samples: Deposit Agreement (Chart Industries Inc), Deposit Agreement (Rexnord Corp), Deposit Agreement (Belden Inc.)

Cancellation and Destruction of Surrendered Receipts. 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 Receipts 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 SectionSection 2.8, in keeping with procedures ordinarily followed by stock transfer agents located in the United StatesStates or as required by the laws or regulations governing the Depositary.

Appears in 3 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary or any Depositary’s 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 cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized authorized, but not required, to destroy all Receipts so cancelled. The Depositary agrees to maintain records of all Receipts 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 keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 3 contracts

Samples: Deposit Agreement (Kinder Morgan, Inc.), Deposit Agreement (Stericycle Inc), Deposit Agreement (Southwestern Energy Co)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain records cancelled in accordance with the ordinary standard procedures required of all Receipts 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 keeping with procedures ordinarily followed by a registered stock transfer agents located in agent under the United StatesSecurities Exchange Act of 1934, as amended.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (British Sky Broadcasting Group PLC)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it the Depositary shall be cancelled by the Depositary. Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or be valid or enforceable for any purpose, and the Depositary is authorized to destroy Receipts so cancelledcanceled. The Depositary agrees to maintain shall keep such records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7outstanding, and of cancelled or destroyed Receipts their payment, cancellation and destruction, as are required under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesapplicable Stock Transfer Association rules.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Axa)

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Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into shares of Common Stock in accordance with the Certificate of Amendment, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled. The Depositary agrees to maintain records of all Receipts 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 keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 1 contract

Samples: Deposit Agreement (Becton Dickinson & Co)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain or cause its agent to maintain records of all Receipts 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 SectionSection 2.8, subject to and in keeping accordance with procedures ordinarily followed by stock transfer agents located in the United Statesits policies and procedures.

Appears in 1 contract

Samples: Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. The Depositary agrees to maintain shall keep records of all Receipts surrendered cancelled and Deposited Securities withdrawn under Section 2.5, destroyed in accordance with the usual practice of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 1 contract

Samples: Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary shall be canceled by the Depositary. The Depositary is authorized to destroy Receipts so cancelledcanceled. The Depositary agrees to shall maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.52.05, of substitute aubstitute Receipts delivered under Section 2.72.07, and of Receipts cancelled or and destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 1 contract

Samples: Deposit Agreement (Bank of New York / Adr Division)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Shares in accordance with the Articles of Incorporation, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled. The Depositary agrees to maintain records of all Receipts 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 keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 1 contract

Samples: Deposit Agreement (Cliffs Natural Resources Inc.)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it and the Depositary or any Depositary’s Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into shares of Common Stock or in connection with any redemption of the Mandatory Convertible Preferred Stock, in each case, in accordance with the Certificate of Amendment, shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized and directed to destroy all Receipts so cancelled. The Depositary agrees to maintain records of all Receipts 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 keeping with procedures ordinarily followed by stock transfer agents located in the United States.

Appears in 1 contract

Samples: Deposit Agreement (Becton Dickinson & Co)

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