Depositary Side Letter Sample Clauses

Depositary Side Letter. The Company shall have entered into a side letter agreement with the Depositary, or a written agreement in other form (the “Depositary Side Letter”), instructing the Depositary, for a period of 180 days from the closing of the sales of the Offering, not to accept any deposit of any Ordinary Shares in the Company’s ADR facility or issue any new ADSs to any shareholder or any third party, unless the Company has consented to such deposit. The Company covenants that it will not release the Depositary from the obligations set forth in, or otherwise amend, terminate, fail to enforce or provide any consent under, the Depositary Side Letter during the Lock-Up Period without the prior written consent of the Representative, except that no such prior written consent is required for deposit of any Shares or issuance of any new ADSs pursuant this Agreement.

Depositary Side Letter. The Company shall have entered into a side letter instructing the Depositary, for a period of 180 days after the date of the Final Prospectus, not to accept any deposit of any Ordinary Shares in the Company’s American Depositary Share facility or issue new ADSs (the “Depositary Side Letter”). The Company covenants that it will not release the Depositary from the obligations set forth in, or otherwise amend, terminate, fail to enforce or provide any consent under, the Depositary Side Letter during the Lock-Up Period without the prior written consent of the Representatives.

Depositary Side Letter. The Company shall have entered into a side letter agreement with the Depositary (the “Depositary Side Letter”), instructing the Depositary, for a period of 180 days after the date of the Prospectus, not to accept any deposit by the persons specified therein of any Class A Ordinary Shares in the Company’s ADS facility or issue any new ADSs evidencing the ADSs to any such person subject to the exceptions stated in the Depositary Side Letter or further instructions by the Company.

Depositary Side Letter. The Company shall have entered into a side letter instructing the Depositary, for a period of 180 days after the date of the Final Prospectus, not to accept Class A Ordinary Shares for deposit under the Deposit Agreement for the purpose of issuance of ADSs unless the Company has consented to such deposit.

Depositary Side Letter. The Company has executed a side letter (the “Depositary Side Letter”) addressed to the Depositary, instructing the Depositary, during the Lock-Up period, not to accept any deposit by the persons specified therein of any Ordinary Shares in the Company’s ADSs facility or issue any new ADRs evidencing the ADSs to any such person subject to the exceptions stated in the Depositary Letter or further instructions by the Company.

Depositary Side Letter. The Company will not release the Depositary from the obligations set forth in, or otherwise amend, terminate, waive or consent to any breach of any provision of, or fail to enforce, the Depositary Side Letter for a period of 180 days after the date of the Prospectus without the prior written consent of the Representatives.

Depositary Side Letter. The Depositary Side Letter shall be in full force and effect on the Closing Date or Additional Closing Date, as the case may be.

Depositary Side Letter. The Company shall have entered into a side letter agreement with the Depositary (the “Depositary Side Letter”), instructing the Depositary, for a period of [180] days after the date of the Prospectus, not to accept any shares of Stock for deposit under the Deposit Agreement for the purpose of issuance of ADSs or take any measures to establish any additional ADS facility for any other securities relating to the Company unless the Company has consented to such deposit. The Company covenants that it will not release the Depositary from the obligations set forth in, or otherwise amend, terminate, fail to enforce or provide any consent under, the Depositary Side Letter during the Lock-up Period without the prior written consent of the Representatives. All opinions, letters, certificates and evidence mentioned above or elsewhere in this Agreement shall be deemed to be in compliance with the provisions hereof only if they are in form and substance reasonably satisfactory to counsel for the Underwriters.

Depositary Side Letter. The Company shall have entered into a Depositary Side Letter with the Depositary, dated on or prior to the date of this Agreement, substantially in the form attached as Exhibit D hereto which shall be in full force and effect, instructing the Depositary, during the Lock-Up Period, not to accept any deposit by the persons, individuals and entities specified therein of any Shares into the Company’s ADR facility or issue any new ADRs evidencing ADSs of the Company, subject to the exceptions stated in such letter.