Disclosure of Interests; Limitations on Ownership. Notwithstanding any other provision of this Deposit Agreement, each Owner agrees to comply with requests from the Company pursuant to any applicable law, the rules and requirements of the CVM and the São Paulo Stock Exchange, and any other stock exchange or market on which the Shares are, or will be, registered, traded or listed or the Estatuto Social of the Company, which requests are made to provide information, inter alia, as to the capacity in which such Owner owns American Depositary Shares (and Shares as the case may be) and regarding the identity of any other person interested in such American Depositary Shares and the nature of such interest and various other matters. Each Owner or Holder agrees to provide any such information reasonably requested by the Company or the Depositary pursuant to this Section 3.05 whether or not still an Owner or Holder at the time of such request. The Depositary agrees to comply with written instructions received from the Company requesting that the Depositary forward any such requests to such Owners and to the last known address, if any, of such former Owners and to forward to the Company any responses to such requests received by the Depositary, and to use its reasonable efforts, at the Company’s request and expense, to assist the Company in obtaining such information with respect to the American Depositary Shares. However, nothing herein shall be interpreted as obligating the Depositary to provide or obtain any such information not provided to the Depositary by such Owners or Holders or former Owners or Holders. Each Owner agrees to advise the Depositary and the Company every time it acquires a Relevant Ownership Interest (as defined in or pursuant to the CVM’s regulations). Each Owner will be liable to the Company for any damages or losses resulting from its failure to inform the Company of its acquisition of a Relevant Ownership Interest. Each Owner and Beneficial Owner shall inform itself about and comply with all applicable limitations on ownership of the Company’s securities under Brazilian laws and regulations, as if the American Depositary Shares were the Shares they represent.
Disclosure of Interests; Limitations on Ownership. To the extent that the provisions of or governing any Deposited Securities may require disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities and may provide for blocking transfer, voting or other rights to enforce such disclosure or limits, Holders and all persons holding ADRs agree to comply with all such disclosure requirements and ownership limitations and to cooperate with the Depositary in the Depositary's compliance with any Company instructions in respect thereof.
Disclosure of Interests; Limitations on Ownership. Each Owner and Beneficial Owner agrees to comply with requests from the Company, and to cooperate with the Depositary in the Depositary’s compliance with any Company instructions in respect thereof, which are made pursuant to (i) the provisions of or governing the Deposited Securities, (ii) any law, rule or regulation applicable to the Deposited Securities, (iii) the Company’s Articles of Incorporation or (iv) any other corporate document of the Company to provide information as to the capacity in which Owners or Beneficial Owners owns American Depositary Shares and regarding the nature of such interest, all as if such American Depositary Shares were to the extent practicable the underlying Shares. The Depositary agrees to use its reasonable efforts to comply with any such Company instructions, to the extent permitted by applicable law.
Disclosure of Interests; Limitations on Ownership. The Issuer has informed the Depositary that, pursuant to the terms of Brazilian law and its By-laws, as in effect as of the date of this Deposit Agreement, the Issuer may, in certain circumstances, (i) restrict the transfer of the Shares where such transfer may result in the direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, exceeding the limits imposed by applicable Brazilian law or the By-laws of the Issuer, (ii) remove or restrict the voting rights accruing to a single owner of Shares, or group of owners of Shares, where the voting rights of the owners of such Shares exceed the limits imposed by applicable Brazilian law or the By-laws of the Issuer and (iii) compel a shareholder to resell to the Issuer Shares owned by a single owner, or group of owners, that exceed the limits set forth by applicable Brazilian law or in the By-laws of the Issuer, at a purchase price determined in accordance with applicable Brazilian law or the By-laws of the Issuer. The Issuer has further informed the Depositary that Brazilian law and its By-laws, as in effect as of the date of this Deposit Agreement may, in certain circumstances, prohibit shareholder agreements entered into which could have the effect of exceeding the limits imposed by Brazilian law or the By-laws of the Issuer on direct or indirect ownership of Shares or voting rights by a single owner, or group of owners, of Shares. Further information about the restrictions and prohibitions described in this paragraph, as in effect as of the date of this Deposit Agreement, may be found at xxx.xxx/Xxxxxxxx/xxxxx/data/1170858/000129281424002494/sbs202440619_6k2.htm. The Issuer has also informed the Depositary that it interprets (x) the limitations on direct or indirect ownership of Shares and voting rights and (y) the prohibition on shareholder agreements described in the preceding paragraph as applying to beneficial owners of Shares, including Owners and holders of American Depositary Shares, to the extent they are beneficial owners of American Depositary Shares, but not to the actions of intermediaries, such as the Depositary and the Custodian, that hold Shares for the benefit of the beneficial owners of those Shares without discretionary powers over those Shares or the voting rights associated with those Shares. The Issuer undertakes to the Depositary that it will not take any action or assert any position contrary to that interpretation. Owners and holders, to the extent ...
Disclosure of Interests; Limitations on Ownership. Notwithstanding any other provision of this Deposit Agreement, each Owner agrees to comply with requests from the Company pursuant to any applicable law, the rules and requirements of the CVM and the BM&FBOVESPA, and any other stock exchange or market on which the Shares are, or will be, registered, traded or listed or the Estatuto Social of the Company, which requests are made to provide information, inter alia, as to the capacity in which such Owner owns American Depositary Shares (and Shares as the case may be) and regarding the identity of any other person interested in such American Depositary Shares and the nature of such interest and various other matters. Each Owner or holder agrees to provide any such information reasonably requested by the Company or the Depositary pursuant to Section 3.5 of the Deposit Agreement whether or not still an Owner or holder at the time of such request. The Depositary agrees to comply with reasonable written instructions received from the Company requesting that the Depositary forward any such requests to such Owners and to the last known address, if any, of such former Owners and to forward to the Company any responses to such requests received by the Depositary, and to use its reasonable efforts, at the Company’s request and expense, to assist the Company in obtaining such information with respect to the American Depositary Shares. However, nothing herein shall be interpreted as obligating the Depositary to provide or obtain any such information not provided to the Depositary by such Owners or holders or former Owners or holders. Each Owner or holder agrees to notify the Company in writing every time it acquires a Relevant Ownership Interest (as defined in or pursuant to the CVM’s Regulations). Each Owner or holder will be liable to the Company for any damages or losses resulting from its failure to inform of the Company of its acquisition of a Relevant Ownership Interest.
Disclosure of Interests; Limitations on Ownership. To the extent that applicable law, including, without limitation the Pakistan Companies Ordinance, 1984 and the Pakistan Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Ordinance, 2002, requires disclosure of, or imposes limitations on, beneficial ownership of Deposited Securities, Owners and Holders of American Depositary Shares shall comply with those requirements to the extent applicable to them, as if the American Depositary Shares were the Deposited Securities they represent.
