Issuance of American Depositary Shares Sample Clauses

Issuance of American Depositary Shares. Upon receipt by any Custodian of any deposit of Shares pursuant to Section 2.02 hereunder (and in addition, if the transfer books of the Company or the Foreign Registrar, if applicable, are open, the Depositary may in its sole discretion require a proper acknowledgment or other evidence from the Company that any Deposited Securities have been recorded upon the books of the Company or the Foreign Registrar, if applicable, in the name of the Depositary or its nominee or such Custodian or its nominee), together with the other documents required as specified in Section 2.02 above, such Custodian shall notify the Depositary of such deposit and the person or persons to whom or upon whose written order the American Depositary Shares are to be issued and deliverable in respect thereof. Such notification shall be made by letter or, at the request, risk and expense of the person making the deposit, by cable, telex or facsimile transmission. Upon receiving such notice from such Custodian the Depositary, subject to the terms and conditions of this Agreement, shall issue and deliver at its Corporate Trust Office, to or upon the order of the person or persons entitled thereto, the American Depositary Share(s), registered in the name or names requested by such person or persons (and, if applicable, issue and deliver the Receipts evidencing same), but only upon payment to the Depositary of the fees and expenses of the Depositary for the issuance and delivery of such American Depositary Shares as provided in Section 5.09, and of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securities.

Issuance of American Depositary Shares. (a) At any such time that the Subscription Shares may be sold in accordance with Rule 144 promulgated under the Securities Act, as amended, or a successor rule thereto (collectively, “Rule 144”), the Company shall, at the Investor’s request, use its best efforts to cause JPMorgan Chase Bank, N.A. (the “Depositary”) to deliver ADSs to the Investor from time to time upon the Investor’s deposit of Ordinary Shares with the Depositary or its designated custodian and the satisfaction of any other customary requirements under Rule 144 and, in connection therewith, the Company shall cause new share certificate(s) to be issued and entries on the Company’s register of members to be entered with respect to such Ordinary Shares in the name of the Depositary, without restrictive legends, for the purpose of such deposit.

Issuance of American Depositary Shares. FURTHER RESOLVED, that the Corporation is hereby authorized to issue American Depositary Shares upon the purchase of Purchase Shares up to the Available Amount under the Purchase Agreement in accordance with the terms of the Purchase Agreement and that, upon issuance of the Purchase Shares pursuant to the Purchase Agreement, the Purchase Shares will be duly authorized, validly issued, fully paid and nonassessable with no personal liability attaching to the ownership thereof; and FURTHER RESOLVED, that the Corporation shall initially reserve 7,000,000 American Depositary Shares for issuance as Purchase Shares under the Purchase Agreement. Approval of Actions FURTHER RESOLVED, that, without limiting the foregoing, the Authorized Officers are, and each of them hereby is, authorized and directed to proceed on behalf of the Corporation and to take all such steps as deemed necessary or appropriate, with the advice and assistance of counsel, to cause the Corporation to consummate the agreements referred to herein and to perform its obligations under such agreements; and FURTHER RESOLVED, that the Authorized Officer be, and each of them hereby is, authorized, empowered and directed on behalf of and in the name of the Corporation, to take or cause to be taken all such further actions and to execute and deliver or cause to be executed and delivered all such further agreements, amendments, documents, certificates, reports, schedules, applications, notices, letters and undertakings and to incur and pay all such fees and expenses as in their judgment shall be necessary, proper or desirable to carry into effect the purpose and intent of any and all of the foregoing resolutions, and that all actions heretofore taken by any officer or director of the Corporation in connection with the transactions contemplated by the agreements described herein are hereby approved, ratified and confirmed in all respects.

Issuance of American Depositary Shares. Upon issuance by the Depositary of ADSs evidenced by ADRs against deposit of underlying Ordinary Shares in accordance with the provisions of the Deposit Agreement, such ADRs will be duly and validly issued, and persons in whose names the ADRs are registered will be entitled to the rights specified in the ADRs and in the Deposit Agreement, and upon the sale and delivery of these Securities, and payment therefor, pursuant to this Agreement, the purchasers will acquire good, marketable and valid title to such Securities, free and clear of all pledges, liens, security interests, charges, claims or encumbrances of any kind arising through the Company.

Issuance of American Depositary Shares. (i) At any such time that the Purchased Common Shares or the Common Shares purchased in the Shareholder Sale, as applicable, may be sold in accordance with Rule 144, the Company shall use its best efforts to cause the Depositary to deliver ADSs to Buyers from time to time upon any such Buyer’s deposit of Common Shares (whether purchased hereunder or acquired pursuant to the Shareholder Sale) with the Depositary or its designated custodian and the satisfaction of any other customary requirements under Rule 144 and the Deposit Agreement and, in connection therewith, the Company shall cause new share certificate(s) to be issued and entries on the Company’s register of members to be entered with respect to such Common Shares in the name of the Depositary, without restrictive legends, for the purpose of such deposit.