Common use of Collection of Distributions Clause in Contracts

Collection of Distributions. The Depositary shall take such actions as are feasible and necessary to facilitate the collection of distributions in respect of any Deposited Securities, including the delivery to an office of the Company in Turkey of any relevant coupon attached to the Deposited Securities to which such distributions relate. In the event the Company shall offer or cause to be offered to the Owners of any Deposited Securities any rights to subscribe for any additional Shares or any rights of any other nature, which the Depositary has determined are lawful and feasible to offer to such Owners as set forth in Section 4.04 hereunder, and in the event the subscription price for such rights exercised will be funded by a cash distribution in respect of such Deposited Securities, which distribution shall occur on or about the same time as the announcement of such rights offering or the expiration of the subscription period therefore, the Depositary may, at its discretion, postpone the collection of such distribution from the Company until the expiration of the subscription period for such rights.

Appears in 3 contracts

Samples: Deposit Agreement (Akbank T.A.S.), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division)

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Collection of Distributions. The Depositary shall take such actions as are feasible and necessary to facilitate the collection of distributions in respect of any Deposited Securities, including the delivery to an office of the Company Issuer in Turkey of any relevant coupon attached to the Deposited Securities to which such distributions relate. In the event the Company Issuer shall offer or cause to be offered to the Owners of any Deposited Securities any rights to subscribe for any additional Shares or any rights of any other nature, which the Depositary has determined are lawful and feasible to offer to such Owners as set forth in Section 4.04 hereunder, and in the event the subscription price for such rights exercised will be funded by a cash distribution in respect of such Deposited Securities, which distribution shall occur on or about the same time as the announcement of such rights offering or the expiration of the subscription period therefore, the Depositary may, at its discretion, postpone the collection of such distribution from the Company Issuer until the expiration of the subscription period for such rights.

Appears in 1 contract

Samples: Deposit Agreement (Turkiye Garanti Bankasi a S /Fi)

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