Common use of Depositary Side Letter Clause in Contracts

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.

Appears in 2 contracts

Samples: Underwriting Agreement (Jianzhi Education Technology Group Co LTD), Underwriting Agreement (Jianzhi Education Technology Group Co LTD)

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Depositary Side Letter. The Company shall have entered into a side letter instructing the DepositaryDepositary (the “Depositary Letter”), for a period of 180 days after the date of the Final Prospectus, not to accept any deposit of any Class A Ordinary Shares in for deposit under the Company’s Deposit Agreement for the purpose of issuances of American Depositary Share facility or issue new ADSs (Shares unless the “Depositary Side Letter”)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 Restricted Period without the prior written consent of each of the Representatives.

Appears in 1 contract

Samples: Underwriting Agreement (GSX Techedu Inc.)

Depositary Side Letter. The Company shall have entered into a side letter agreement with the Depositary (the “Depositary Letter”), instructing the Depositary, for a period of 180 days after the date of the Final Prospectus, not to accept any deposit of any Class A Ordinary Shares in the Company’s American Depositary Share Shares facility or issue any new ADSs (the “Depositary Side Letter”)ADSs. 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.

Appears in 1 contract

Samples: Underwriting Agreement (iHuman Inc.)

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 Class A 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.

Appears in 1 contract

Samples: Underwriting Agreement (Onion Global LTD)

Depositary Side Letter. The Company shall have entered into delivered a side letter agreement to the Depository, instructing the Depositary, for a period of 180 days after the date of the Final Prospectus, not to accept any deposit of any Class A Ordinary Shares in for deposit under the Company’s American Depositary Share facility or issue new Deposit Agreement for the purpose of issuance of ADSs (unless the “Depositary Side Letter”)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.

Appears in 1 contract

Samples: Underwriting Agreement (AiHuiShou International Co. Ltd.)

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Depositary Side Letter. The Company shall have entered into delivered a side letter agreement to the Depository (the “Depositary Letter”), instructing the Depositary, for a period of 180 days after the date of the Final Prospectus, not to accept any deposit of any Class A Ordinary Shares in for deposit under the Company’s American Depositary Share facility or issue new Deposit Agreement for the purpose of issuance of ADSs (unless the “Depositary Side Letter”)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.

Appears in 1 contract

Samples: Underwriting Agreement (Yatsen Holding LTD)

Depositary Side Letter. The Company shall have entered into a side letter agreement with the Depositary (the “Depositary 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 Shares facility or issue any new ADSs (the “Depositary Side Letter”)ADSs. 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.

Appears in 1 contract

Samples: Underwriting Agreement (36Kr Holdings Inc.)

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