Common use of Cash Distributions; Withholding Clause in Contracts

Cash Distributions; Withholding. Whenever the Custodian shall receive any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian shall, subject to the provisions of Section 4.06, convert such dividend or distribution into dollars and shall remit the amount thus received to the Depositary which shall distribute such amount to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company, the Custodian or the Depositary shall be required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, the amount distributed to the Holder of Receipts for American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, such amount, however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agencies.

Appears in 1 contract

Samples: Deposit Agreement (Citibank,N.A./ADR)

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Cash Distributions; Withholding. Whenever the Custodian shall receive or the Depositary receives any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian Depositary shall, subject to the provisions of Section 4.06, convert or cause such dividend or distribution to be converted into dollars and shall remit the amount thus received to the Depositary which shall promptly distribute such amount to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, after deduction or upon payment of the fees and expenses of the Depositary; provided, however, that in the event that the Company, the Custodian or the Depositary shall be required to withhold and does withhold withhold, subject to Section 4.11 hereof, from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxestaxes or other governmental charges, the amount distributed to the Holder in respect of Receipts for American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, only such amount, however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way may reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agencies, and the Custodian, the Depositary or the Company or its agent may file any such reports necessary to obtain benefits under applicable tax treaties for the Holders.

Appears in 1 contract

Samples: Deposit Agreement (Far Ben S a De C v/Adr/)

Cash Distributions; Withholding. Whenever the Custodian shall receive any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian shall, subject to the provisions of Section 4.06, convert such dividend or distribution into dollars and shall remit the amount thus received to the Depositary which shall distribute such amount to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company, the Custodian or the Depositary shall be required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, the amount distributed to the Holder of Receipts for American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, such amount, amount however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agencies.

Appears in 1 contract

Samples: Deposit Agreement (Keppel Corporation LTD /Fi)

Cash Distributions; Withholding. Whenever the Custodian shall receive any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian shall, subject to the provisions of Section 4.06, convert such dividend or distribution into dollars and shall remit the amount thus received to the Depositary which shall distribute such amount to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company, the Custodian or the Depositary shall be required to withhold and does withhold from any cash dividend or other cash cash-distribution in respect of any Deposited Securities an amount on account of taxes, the amount distributed to the Holder of Receipts for American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, only such amount, however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore Sweden all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way may reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agencies.

Appears in 1 contract

Samples: Deposit Agreement (Atlas Copco Ab)

Cash Distributions; Withholding. Whenever the Custodian shall receive or the Depositary receives any cash dividend or other cash distribution (on liquidation or otherwise) by the Company on any Deposited Securities, the Custodian Depositary shall, subject to the provisions of Section 4.064.8, convert such dividend or distribution into dollars and shall remit promptly distribute the amount thus received to by checks drawn on a bank in The City of New York, (net of the fees of the Depositary which shall distribute such amount as provided in Section 5.8 hereof) to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, provided however, that in the event that the Company, the Custodian Depositary or the Depositary Custodian shall be required to withhold and does withhold withhold, subject to Section 4.14 hereof, from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxestaxes or other governmental charges, the amount distributed to the Holder Holders of Receipts for evidencing American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, only such amount, however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to the Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore Germany all amounts withheld and owing to such authority or agency. The Depositary will promptly forward remit to the Company appropriate governmental authority or its agent agency in the United States all amounts withheld and owing to such information from its records as the Company way reasonably request to enable the Company authority or its agent to file necessary reports with governmental authorities or agenciesagency.

Appears in 1 contract

Samples: Deposit Agreement (Rwe Ag /Fi)

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Cash Distributions; Withholding. Whenever the Custodian shall receive any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian shall, subject to the provisions of Section 4.06, convert such dividend or distribution into dollars and shall remit the amount thus received to the Depositary which shall distribute such amount to the Holders of Receipts entitled thereto in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company, the Custodian or the Depositary shall be required to withhold and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxes, the amount distributed to the Holder of Receipts for American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, only such amount, however, as can be distributed without attributing to any Holder of a Receipt a fraction of one cent, and any balance not so distributable shall be held by the Depositary (without liability for interest thereon) and shall be added to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstanding. The Company or its agent or the Depositary or its agent, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore Ireland all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way may reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agencies.

Appears in 1 contract

Samples: Deposit Agreement (CRH Public LTD Co)

Cash Distributions; Withholding. Whenever the Custodian or the Depositary shall receive any cash dividend or other cash distribution by the Company on any Deposited Securities, the Custodian Depositary shall, subject to the provisions of Section 4.064.6 hereof, convert such dividend or distribution distribution, if applicable, into dollars Dollars and shall remit as promptly as practicable distribute the amount thus received (net of the expenses of the Custodian or the Depositary, as the case may be, in connection with the conversion of such Foreign Currency into Dollars and such other fees and expenses as provided in Section 5.8 hereof) to the Depositary which shall distribute such amount to the Holders of Receipts Owners entitled thereto thereto, in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively; provided, however, that in the event that the Company, the Custodian Depositary or the Depositary Custodian shall be required to withhold and does withhold withhold, subject to Section 4.12 hereof from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account of taxestaxes or other governmental charges, the amount distributed to the Holder Owners of Receipts for evidencing American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute only, only such amount, however, as can be distributed without attributing to any Holder Owner of a Receipt a fraction of one cent, and any balance not so distributable . Any such fractional amounts shall be held by rounded to the Depositary (without liability for interest thereon) nearest whole cent and shall be added so distributed to and become part of the next sum received by the Depositary for distribution to Holders of Receipts then outstandingOwners entitled thereto. The Company or its agent or the Depositary or its agentDepositary, as appropriate, will remit to the appropriate governmental authority or agency in the Republic of Singapore Germany or any other relevant jurisdiction all amounts withheld and owing to such authority or agency. The Depositary will promptly forward to the Company or its agent such information from its records as the Company way may reasonably request to enable the Company or its agent to file necessary reports with governmental authorities or agenciesagencies and the Depositary, the Custodian or the Company may file any such reports necessary to obtain benefits under applicable tax treaties for the Owners.

Appears in 1 contract

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

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