Common use of Liability of Holder for Taxes Clause in Contracts

Liability of Holder for Taxes. If any French or other tax or other governmental charge shall become payable with respect to any Deposited Securities represented by the American Depositary Shares, such tax or other governmental charge shall be payable by the Holder of any American Depositary Shares to the Depositary. The Depositary may refuse and the Company shall be under no obligation, to effect any registration of transfer of any American Depositary Shares or any withdrawal of Deposited Securities represented thereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Holder thereof any part or all of the Deposited Securities represented by the American Depositary Shares, and may apply such dividends or other distributions or the proceeds of any such sale to the payment of such tax or other governmental charge, the Holder of such American Depositary Shares remaining liable for any deficiency.

Appears in 4 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Alcatel)

AutoNDA by SimpleDocs

Liability of Holder for Taxes. If any French or other tax or other governmental charge shall become payable with respect to any American Depositary Shares evidenced hereby or any Deposited Securities represented by the American Depositary Sharesthereby, such tax or other governmental charge shall be payable by the Holder of any American Depositary Shares hereof to the Depositary. The Depositary may refuse refuse, and the Company shall be under no obligation, to effect any registration of transfer of any American Depositary Shares or any withdrawal of Deposited Securities represented thereby by those American Depositary Shares until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Holder thereof hereof any part or all of the Deposited Securities represented by the American Depositary SharesShares evidenced hereby, and may apply such dividends or other distributions or the proceeds of any such sale to the payment of such tax or other governmental charge, the Holder of such American Depositary Shares hereof remaining liable for any deficiency.

Appears in 4 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Alcatel)

Liability of Holder for Taxes. If any French or other tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented by the American Depositary SharesShares evidenced hereby, such tax or other governmental charge shall be payable by the Holder of any American Depositary Shares hereof to the Depositary. The Depositary may refuse refuse, and the Company shall be under no obligation, to effect any registration of transfer of any American Depositary Shares all or part of this Receipt or any withdrawal of Deposited Securities represented thereby hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Holder thereof hereof any part or all of the Deposited Securities represented by the American Depositary SharesShares evidenced hereby, and may apply such dividends or other distributions or the proceeds of any such sale to the payment of such tax or other governmental charge, the Holder of such American Depositary Shares hereof remaining liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Alcatel), Deposit Agreement (Alcatel), Deposit Agreement (Alcatel)

Liability of Holder for Taxes. If any French or other tax or other governmental charge shall become payable with respect to any Deposited Securities represented by the American Depositary SharesShares evidenced by any Receipt, such tax or other governmental charge shall be payable by the Holder of any American Depositary Shares such Receipt to the Depositary. The Depositary may refuse and the Company shall be under no obligation, to effect any registration of transfer of any American Depositary Shares all or part of such Receipt or any withdrawal of Deposited Securities represented thereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Holder thereof any part or all of the Deposited Securities represented by the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale to the payment of such tax or other governmental charge, the Holder of such American Depositary Shares Receipt remaining liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Alcatel), Deposit Agreement (Alcatel), Deposit Agreement (Alcatel)

AutoNDA by SimpleDocs

Liability of Holder for Taxes. If any French or other tax or other governmental charge shall become payable with respect to any Deposited Securities represented by the American Depositary SharesShares evidenced by any Receipt, such tax or other governmental charge shall be payable by the Holder of any American Depositary Shares such Receipt to the Depositary. The Depositary may refuse and the Company shall be under no obligation, to effect any registration of transfer of any American Depositary Shares all or part of such Receipt or any withdrawal of Deposited Securities represented thereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Holder and Beneficial Owner thereof any part or all of the Deposited Securities represented by the American Depositary SharesShares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale to the in payment of such tax or other governmental charge, the Holder and Beneficial Owner of such American Depositary Shares Receipt remaining liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (Groupe Danone)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!