Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement: (a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares. (b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Series. (c) Preference Shares of each Series that are deposited under this Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent. (d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination. (e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 4 contracts
Samples: Regulation S Deposit Agreement (Lloyds Banking Group PLC), Regulation S Deposit Agreement (Lloyds Banking Group PLC), Deposit Agreement (Lloyds TSB Group PLC)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this the Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this the Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series that are deposited under this the Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series Series to which each American Depositary Share belongs. Each series Series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this the Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 4 contracts
Samples: Regulation S Deposit Agreement (Lloyds Banking Group PLC), Regulation S Deposit Agreement (Lloyds Banking Group PLC), Rule 144a Deposit Agreement (Lloyds Banking Group PLC)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement:
(a) The word “Seriesseries,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Seriesseries.
(c) Preference Shares of each Series series that are deposited under this Deposit Agreement shall be represented by a “Seriesseries” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Seriesseries. The Depositary shall assign a designation to each Series series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of The certificated American Depositary Shares of each series shall be evidenced by a “Seriesseries” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Seriesseries. Each If more than one series of American Depositary Shares exists, each Receipt shall be marked to indicate the designation of the Series series of the American Depositary Shares evidenced by that Receipt and to identify the Series series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series series and other Deposited Securities received in respect of deposited Preference Shares of that Seriesseries.
Appears in 2 contracts
Samples: Deposit Agreement (National Bank of Greece Sa), Deposit Agreement (National Bank of Greece Sa)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this the Deposit Agreement:
(a) The word “Seriesseries,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series series deposited under this the Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Seriesseries.
(c) Preference Shares of each Series series that are deposited under this the Deposit Agreement shall be represented by a “Seriesseries” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Seriesseries. The Depositary shall assign a designation to each Series series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of The certificated American Depositary Shares of each series shall be evidenced by a “Seriesseries” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Seriesseries. Each If more than one series of American Depositary Shares exists, each Receipt shall be marked to indicate the designation of the Series series of the American Depositary Shares evidenced by that Receipt and to identify the Series series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series series shall be entitled to rights under this the Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series series and other Deposited Securities received in respect of deposited Preference Shares of that Seriesseries.
Appears in 2 contracts
Samples: Deposit Agreement (National Bank of Greece Sa), Deposit Agreement (National Bank of Greece Sa)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement:
(a) The word “Seriesseries,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Seriesseries.
(c) Preference Shares of each Series series that are deposited under this Deposit Agreement shall be represented by a “Seriesseries” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Seriesseries. The Depositary shall assign a designation to each Series series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of The certificated American Depositary Shares of each series shall be evidenced by a “Seriesseries” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Seriesseries. Each If more than one series of American Depositary Shares exists, each Receipt shall be marked to indicate the designation of the Series series of the American Depositary Shares evidenced by that Receipt and to identify the Series series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series series entitle their holders, the Depositary shall (subject to the Company’s approval) cause the Custodian to combine the accounts in which the former separate Series series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series series and other Deposited Securities received in respect of deposited Preference Shares of that Seriesseries.
(f) All other provisions of this Deposit Agreement apply to American Depositary Shares and Receipts of any series, subject to this Section 2.11.
Appears in 2 contracts
Samples: Deposit Agreement (Navios Maritime Holdings Inc.), Deposit Agreement (Bank of New York / Adr Division)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this the Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this the Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series that are deposited under this the Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this the Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 2 contracts
Samples: Deposit Agreement (Lloyds TSB Group PLC), Deposit Agreement (Lloyds TSB Group PLC)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this the Deposit Agreement:
(a) The word “Seriesseries,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series series deposited under this the Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Seriesseries.
(c) Preference Shares of each Series series that are deposited under this the Deposit Agreement shall be represented by a “Seriesseries” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Seriesseries. The Depositary shall assign a designation to each Series series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of The certificated American Depositary Shares of each series shall be evidenced by a “Seriesseries” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Seriesseries. Each If more than one series of American Depositary Shares exists, each Receipt shall be marked to indicate the designation of the Series series of the American Depositary Shares evidenced by that Receipt and to identify the Series series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series series entitle their holders, the Depositary shall (subject to the Company’s approval) cause the Custodian to combine the accounts in which the former separate Series series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series series and other Deposited Securities received in respect of deposited Preference Shares of that Seriesseries.
(f) All other provisions of the Deposit Agreement apply to American Depositary Shares and Receipts of any series, subject to Section 2.11 of that Agreement.
Appears in 2 contracts
Samples: Deposit Agreement (Navios Maritime Holdings Inc.), Deposit Agreement (Bank of New York / Adr Division)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated an account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series that are deposited under this Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 1 contract
Samples: Deposit Agreement (Bank of New York / Adr Division)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series series that are deposited under this Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “‘‘Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 1 contract
Samples: Rule 144a Deposit Agreement (Lloyds Banking Group PLC)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this the Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated an account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series that are deposited under this Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this the Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 1 contract
Samples: Deposit Agreement (Bank of New York / Adr Division)
Issuance in Series. If the Company issues Preference Shares in more than one class or series or that otherwise entitle their holders to rights that vary from the rights to which other Preference Shares entitle their holders, the following provisions shall apply, notwithstanding anything to the contrary in this Deposit Agreement:
(a) The word “Series,” when used with respect to Preference Shares, shall mean all outstanding Preference Shares that entitle their holders to identical rights with respect to those Preference Shares, regardless of the title or any other designation that may be assigned to Preference Shares.
(b) The Depositary shall direct the Custodian to hold Preference Shares of a Series deposited under this Deposit Agreement, and other Deposited Securities it receives in respect of those Preference Shares in a segregated account different from the account in which it holds Preference Shares of any other Series.
(c) Preference Shares of each Series series that are deposited under this Deposit Agreement shall be represented by a “Series” of American Depositary Shares separate from the American Depositary Shares representing Preference Shares of any other Series. The Depositary shall assign a designation to each Series of American Depositary Shares and shall reflect in its records the series to which each American Depositary Share belongs. Each series of American Depositary Shares shall be evidenced by a “Series” of Receipts separate from the Receipts evidencing American Depositary Shares of any other Series. Each Receipt shall be marked to indicate the designation of the Series of the American Depositary Shares evidenced by that Receipt and to identify the Series of Preference Shares those American Depositary Shares represent.
(d) If the rights to which deposited Preference Shares of a Series entitle their holders are modified such that those rights become identical to the rights to which deposited Preference Shares of another Series entitle their holders, the Depositary shall cause the Custodian to combine the accounts in which the former separate Series of Preference Shares are held, the Series series of American Depositary Shares representing those Preference Shares will automatically be combined into one Series of American Depositary Shares and the Depositary may take any action necessary or convenient to effect that combination. At any time after that combination, the Owners of Receipts affected by that combination will be entitled to surrender their Receipts to the Depositary and receive Receipts reflecting the designation of the American Depositary Shares owned by them as a result of that combination.
(e) Owners and Beneficial Owners of American Depositary Shares of a Series shall be entitled to rights under this Deposit Agreement only with respect to deposited Preference Shares of the corresponding Series and other Deposited Securities received in respect of deposited Preference Shares of that Series.
Appears in 1 contract
Samples: Rule 144a Deposit Agreement (Lloyds Banking Group PLC)