Common use of Compliance with Chilean Law Clause in Contracts

Compliance with Chilean Law. It is hereby acknowledged that pursuant to a Circular Letter of the SVS dated June 28, 1990, as amended and restated on February 12, 1998 pursuant to Circular Letter of SVS 1,375, Holders are, as of the date hereof, deemed, for certain purposes of Chilean law, to be holders of Deposited Securities. Accordingly, it is hereby acknowledged that Holders are, as a matter of Chilean law as in effect on the date hereof, obligated to comply with the requirements of Articles 12 and 54 and Title XV of Law 18,045 of Chile. Article 12, as in effect at the date hereof, requires that, among other things, Holders report within five days after the consummation of a transaction resulting in (a) or (b) below to the SVS and the stock exchanges in Chile on which the Shares are listed:

Appears in 4 contracts

Samples: Deposit Agreement (Andina Bottling Co Inc), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division)

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Compliance with Chilean Law. It is hereby acknowledged that pursuant to a Circular Letter of the SVS dated June 28, 19901990,183February 12, 1998, as amended and restated on February 12, 1998 pursuant to modified by a Circular Letter of the SVS 1,375dated July 27, Holders are, as of the date hereof, 1999,184 Owners are deemed, for certain purposes of Chilean law, to be treated as holders of Deposited Securities. Accordingly, it is hereby acknowledged that Holders Owners are, as a matter of Chilean law as in effect on the date hereoflaw, obligated to comply with the requirements of Articles 12 and 54 and Title XV of Law 18,045 of Chile. Article 12, as in effect at the date hereof, requires that, among other things, Holders Owners report within five five185two business186 days after the consummation of a transaction resulting in (a) or (b) below to the SVS and the stock exchanges in Chile on which the Shares are listed:

Appears in 1 contract

Samples: 12deposit Agreement (Unimarc Supermarkets Inc)

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