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

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 keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association rules.

Appears in 7 contracts

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

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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 keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association stock transfer rules.

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. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement Except as prohibited by applicable law or be valid or enforceable for any purposeregulation, and the Depositary shall is authorized to destroy such Receipts so canceled and inform the Company. The Depositary shall keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association rulescancelled.

Appears in 4 contracts

Samples: Deposit Agreement (Efm Programming Inc), Deposit Agreement (Independent Bank Corp /Mi/), Deposit Agreement (FelCor Lodging Trust Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Cancelled Receipts shall not be entitled to Except as prohibited by applicable law or regulation, any benefits under this Deposit Agreement or be valid or enforceable for any purpose, and cancelled receipts held by the Depositary shall destroy Receipts so canceled and inform be delivered to the Company or disposed of as directed by the Company. The Depositary shall keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association rules.

Appears in 2 contracts

Samples: Deposit Agreement (United Companies Financial Corp), Deposit Agreement (Bank of America Corp /De/)

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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 is authorized to destroy Receipts so canceled and inform the Companycanceled. The Depositary shall keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association rules.

Appears in 2 contracts

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

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 obligatory for any purpose, and the . The Depositary shall is authorized to destroy Receipts so canceled and inform cancelled. ADSs shall be deemed cancelled when the Company. The Depositary shall keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as Deposited Securities they represent are required under applicable Stock Transfer Association ruleswithdrawn from deposit hereunder.

Appears in 1 contract

Samples: Deposit Agreement (Telstra Corp LTD)

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