Extinguishment and cancellation of Sale IDRs Sample Clauses

Extinguishment and cancellation of Sale IDRs. Upon sale of all Shares underlying the Sale IDRs, the Domestic Depository shall issue instructions to the Registrar to cancel the Sale IDRs in certified form. Simultaneously, the Domestic Depository shall also intimate the Security Depositories to make the necessary changes to the securities account of the relevant IDR Holders and extinguish the Sale IDRs held in demat form, except in the case of (i) Encumbered IDRs; and (ii) subject to suspension of the relevant demat account of the relevant IDR Holder (the “Suspended Account”). Once the changes are confirmed by the Security Depositories, the Domestic Depository shall forward such confirmation to the Registrar. All Sale IDRs which are Encumbered IDRs shall stand extinguished/ cancelled immediately upon release/ enforcement of such encumbrance, and the net proceeds (without any interest, whatsoever) shall be distributed accordingly upon such release/ enforcement, as per the communication received by the Domestic Depository from the Registrar/ Security Depository. All Sale IDRs subject to a Suspended Account shall be extinguished/ cancelled immediately upon such demat account ceasing to be suspended.
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Related to Extinguishment and cancellation of Sale IDRs

  • VARIATION AND CANCELLATION No agreement varying, adding to, deleting from or cancelling this agreement, shall be effective unless reduced to writing and signed by or on behalf of the parties.

  • Amendment and Cancellation We may amend or change the terms and conditions of this Agreement at any time. You will be notified of any change in the manner provided by applicable law prior to the effective date of the change. However, if the change is made for security purposes, we can implement such change without prior notice. We may cancel or suspend your Card or this Agreement at any time. You may cancel this Agreement by returning the Card to us. Your termination of this Agreement will not affect any of our rights or your obligations arising under this Agreement prior to termination. In the event that your Card Account is cancelled, closed, or terminated for any reason, you may request the unused balance to be returned to you via a check to the mailing address we have in our records. There may be a fee for this service. Subject to applicable law, the Issuer reserves the right to refuse to return any unused balance amount less than $1.00.

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  • Course Cancellation A. The following factors will be considered in determining whether classes in certificate or degree programs will be canceled. It shall be the responsibility of the administration to evaluate these general factors in arriving at a class cancellation decision.  Established state student/faculty ratios  Status of FTE generation on a campus-wide basis for certificate/degree programs  Status of FTE generation on a district-wide basis for certificate/degree programs  Status of assigned FTE, district-wide, annualized (including projections of applicable, e.g., Fall, Winter)  Effect on morale of students and faculty  Budgetary implications  Feasibility of offering new sections of already-filled or nearly-filled courses

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