Common use of Combination and Split Up Clause in Contracts

Combination and Split Up. The Depositary, subject to the terms and conditions of this Deposit Agreement shall, upon surrender by Delivery to the Depositary of Depositary Shares for the purpose of effecting a split-up or combination of such Depositary Shares, deliver a new Depositary Receipt or Depositary Receipts for any authorized number of Depositary Shares requested, evidencing the same aggregate number of Depositary Shares as the Depositary Shares surrendered.

Appears in 2 contracts

Samples: Deposit Agreement (MAGNACHIP SEMICONDUCTOR Corp), Deposit Agreement (Magnachip Semiconductor LLC)

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Combination and Split Up. The Depositary, subject to the terms and conditions of this Deposit Agreement shall, upon surrender by Delivery to the Depositary of Depositary Shares a Receipt or Receipts for the purpose of effecting a split-up or combination of such Depositary Shares, deliver a new Depositary Receipt or Depositary Receipts for any authorized number of Depositary Shares requested, evidencing the same aggregate number of Depositary Shares as and upon payment to the Depositary Shares surrendered.of the applicable fees and charges set forth in Section 5.9 hereof and Article

Appears in 2 contracts

Samples: Deposit Agreement, Deposit Agreement

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