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 cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy such Receipts so cancelled. ARTICLE III

Appears in 3 contracts

Samples: Deposit Agreement (New Plan Excel Realty Trust Inc), Deposit Agreement (Si International Inc), Deposit Agreement (Duke Realty Investments Inc)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary depositary or any Depositary's ’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. ARTICLE III.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Merrill Lynch & Co Inc)

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

Appears in 2 contracts

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

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

Appears in 2 contracts

Samples: Deposit Agreement (Providian Financing Iv), Deposit Agreement (Ati Financing Ii)

Cancellation and Destruction of Surrendered Receipts. All 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 Receipts so cancelled. ARTICLE Article III

Appears in 2 contracts

Samples: Deposit Agreement (Colonial Properties Trust), Deposit Agreement (CBL & Associates Properties Inc)

Cancellation and Destruction of Surrendered Receipts. All 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 The Depositary is authorized to turn over such cancelled Receipts to the Company unless the Company instructs the Depositary to destroy such Receipts so cancelledReceipts. ARTICLE III7 8

Appears in 1 contract

Samples: Deposit Agreement (Nationsbank Corp)

Cancellation and Destruction of Surrendered Receipts. All 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 Receipts so cancelled. ARTICLE IIIArticle III CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Agreement (New Plan Excel Realty Trust Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any of the Depositary's Agent Agents shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized to destroy shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelled. ARTICLE III.

Appears in 1 contract

Samples: Deposit Agreement (Sensormatic Electronics Corp)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's ’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. ARTICLE IIIArticle III CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Deposit Agreement (CBL & Associates Properties Inc)

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

Appears in 1 contract

Samples: Deposit Agreement (National Energy Group Inc)

Cancellation and Destruction of Surrendered Receipts. All 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 Trust is authorized to destroy such all Receipts so cancelled. ARTICLE IIIcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Town & Country Trust)

Cancellation and Destruction of Surrendered Receipts. All 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 shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelled. ARTICLE IIIcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Worldcom Inc /MS/)

Cancellation and Destruction of Surrendered Receipts. All ---------------------------------------------------- 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 The Depositary is authorized to turn over such cancelled Receipts to the Company unless the Company instructs the Depositary to destroy such Receipts so cancelled. ARTICLE IIIReceipts.

Appears in 1 contract

Samples: Deposit Agreement (Boatmens Bancshares Inc /Mo)

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