Common use of Liability of Holder for Taxes Clause in Contracts

Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this Receipt shall be payable by the Holder hereof, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this Receipt or any transfer and withdrawal of Deposited Securities underlying this Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this Receipt, or may sell for the account of the Holder hereof any part or all of the other Deposited securities underlying this Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof remaining liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Scottish & Southern Energy PLC /Fi), Deposit Agreement (Scottish & Southern Energy PLC /Fi)

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Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any applicable stamp taxes) or expense payable by the Custodian, the Depositary or the its nominee in respect of any Receipt or nominees of either as the registered holder of any Deposited Securities underlying this any Receipt shall be payable by the Holder hereofof such Receipt, who shall pay the amount thereof and provide the Depositary with evidence satisfactory to the Depositary that such amounts have been fully paid to the Depositary. The Depositary may refuse to effect any registration of transfer of this such Receipt or any transfer and withdrawal of Deposited Securities underlying this such Receipt until such payment is made, and may withhold any cash any, dividends or other cash distributions constituting Deposited Securities underlying this such Receipt, or may sell for the account of the Holder hereof thereof any part or all of the other Deposited securities Securities underlying this such Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof of such Receipt remaining liable for any deficiency.

Appears in 2 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Bg Group PLC)

Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this any Receipt shall be payable by the Holder hereofof such Receipt, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this such Receipt or any transfer and withdrawal of Deposited Securities underlying this such Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this such Receipt, or may sell for the account of the Holder hereof thereof any part or all of the other Deposited securities Securities underlying this such Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof of such Receipt remaining liable for any deficiency.

Appears in 2 contracts

Samples: Deposit Agreement (Ica Corp), Deposit Agreement (Ica Corp)

Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this any Receipt shall be payable by the Holder hereofof such Receipt, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration regis-trationregistration of transfer of this such Receipt or any transfer and withdrawal of Deposited Securities underlying this such Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this such Receipt, or may sell for the account of the Holder hereof thereof any part or all of the other Deposited securities Securities underlying this such Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof of such Receipt remaining liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (International Power PLC)

Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this Receipt shall be payable by the Holder hereof, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this Receipt or any transfer and withdrawal of Deposited Securities underlying this Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this Receipt, or may sell for the account of the Holder hereof any part or all of the other Deposited securities Securities underlying this Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof remaining liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (Ica Corp)

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Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this any Receipt shall be payable by the Holder hereofof such Receipt, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this such Receipt or any transfer and withdrawal of Deposited Securities underlying this such Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this such Receipt, or may sell for the account of the Holder hereof thereof any part or all of the other Deposited securities Securities underlying this such Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof of such Receipt remaining liable for any deficiencydeficiency may be specified in such instructions in order to facilitate the Company’s compliance with the securities laws of the United States.

Appears in 1 contract

Samples: Deposit Agreement (Scottish & Southern Energy PLC /Fi)

Liability of Holder for Taxes. Any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense payable by the Custodian, the Depositary or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this Receipt shall be payable by the Holder hereof, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer of this Receipt or any transfer and withdrawal of Deposited Securities underlying this Receipt until such payment is made, and may withhold any cash dividends or other cash distributions constituting Deposited Securities underlying this Receipt, or may sell for the account of the Holder hereof any part or all of the other Deposited securities Securities underlying this Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty duty, or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof remaining liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (International Power PLC)

Liability of Holder for Taxes. Any If any tax, duty or other governmental charge (including, without limitation, any stamp taxes) or expense shall become payable by the Custodian, Custodian or the Depositary with respect to this Receipt or the nominee or nominees of either as the registered holder of any Deposited Securities underlying this Receipt receipt such tax or other governmental charge shall be payable by the Holder hereof, who shall pay the amount thereof to the Depositary. The Depositary may refuse to effect any registration of transfer transfer, split-up or combination of this Receipt or any transfer and withdrawal of Deposited Securities underlying this Receipt until such payment is made, and may withhold or deduct from any cash dividends or other cash distributions constituting Deposited Securities underlying this Receipt, or may sell for the account of the Holder hereof any part or all of the other Deposited securities Securities underlying this Receipt, and may apply such cash or the proceeds of any such sale in payment of any such tax, duty or other governmental charge or expense (and any taxes and expenses arising or incurred as a result of effecting any such sale), the Holder hereof remaining liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (Bt Group PLC)

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