Common use of Change in Unit Clause in Contracts

Change in Unit. Hitachi agrees that it shall give notice to Holders of ADSs of any amendment to its Articles of Incorporation changing the number of shares of Stock previously designated as a Unit, at least three months prior to the effectiveness of such amendment. Notwithstanding the foregoing, however, if the number of shares of Stock proposed to be designated as a Unit pursuant to an amendment to Hitachi's Articles of Incorporation is a number evenly divisible into the number of shares of Stock then designated as a Unit, Hitachi shall give notice to Holders of ADSs of such amendment at least two weeks prior to the effectiveness of such amendment.

Appears in 3 contracts

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

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Change in Unit. Hitachi agrees that it shall give notice to Holders record holders of ADSs Receipts of any amendment to its Articles of Incorporation changing the number of shares of Stock previously designated as a Unit, at least three months prior to the effectiveness of such amendment. Notwithstanding the foregoing, however, if the number of shares of Stock proposed to be designated as a Unit pursuant to an amendment to Hitachi's Articles of Incorporation is a number evenly divisible into the number of shares of Stock then designated as a Unit, Hitachi shall give notice to Holders record holders of ADSs Receipts of such amendment at least two weeks prior to the effectiveness of such amendment."

Appears in 1 contract

Samples: Deposit Agreement (Hitachi LTD)

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