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 The Depositary agrees to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures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agrees Shares evidenced by the DTC Receipt to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures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 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 all Receipts so cancelled. The Any Receipt evidenced in book-entry form shall be deemed cancelled when the Depositary agrees has caused the amount of Depositary Shares evidenced by the DTC Receipt to maintain records be reduced in proportion to the number of all Receipts Depositary Shares evidenced by the surrendered and Deposited Securities withdrawn under Section 2.5, of substitute Receipts delivered under Section 2.7, and of cancelled or destroyed Receipts under this Section, in keeping with procedures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 StatesReceipt.

Appears in 4 contracts

Samples: Deposit Agreement (Mattel Inc /De/), Deposit Agreement (Brooks Fiber Properties Inc), Deposit Agreement (United International Holdings 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 shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized 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 provide the Company a certificate of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesdesignation therefor.

Appears in 3 contracts

Samples: Deposit Agreement (Axis Capital Holdings LTD), Deposit Agreement (Global Signal Inc), Deposit Agreement (Endurance Specialty Holdings LTD)

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 to destroy all Receipts so cancelledcanceled. The Any Receipt evidenced in book-entry form shall be deemed canceled when the Depositary agrees has caused the amount of Depositary Shares evidenced by the DTC Receipt to maintain records be reduced in proportion to the number of all Receipts Depositary Shares evidenced by the 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 StatesReceipt.

Appears in 2 contracts

Samples: Deposit Agreement (Pmi Group Inc), Deposit Agreement (Pmi Group 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 shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized 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 2 contracts

Samples: Deposit Agreement (Regency Centers Corp), Deposit Agreement (Regency Centers Corp)

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 to destroy all Receipts so cancelledcanceled. The Any Receipt evidenced in book-entry form shall be deemed canceled when the Depositary agrees has caused the amount of Depositary Shares evidenced by the DTC Receipt to maintain records be reduced in proportion to the number of all Receipts Depositary Shares evidenced by the 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 StatesReceipt.

Appears in 1 contract

Samples: Deposit Agreement (Scholastic Corp)

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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 to destroy all Receipts so cancelled. The Depositary agrees to maintain records canceled. ARTICLE III Certain Obligations of all the Holders of 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.Company

Appears in 1 contract

Samples: Deposit Agreement (American States Water Co)

Cancellation and Destruction of Surrendered Receipts. The Depositary shall cancel all All Receipts surrendered to it the Depositary or any Depositary’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation and subject to the Depositary’s document management policies, 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 (Discover Financial Services)

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 cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such 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. ARTICLE III CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Deposit Agreement (Joy Global 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 shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such 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 2.7canceled, and provide the Company a certificate of cancelled or destroyed Receipts under this Section, in keeping with procedures ordinarily followed by stock transfer agents located in the United Statesdestruction therefor.

Appears in 1 contract

Samples: Deposit Agreement (Travelers Capital Vii)

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