Common use of LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES Clause in Contracts

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Depositary Trust Agreement (Epoch Securities Inc), Depositary Trust Agreement (Epoch Securities Inc), Depositary Trust Agreement (Epoch Securities Inc)

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LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any ---------------------------------------------- tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc), Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge governmental charges shall become payable by the Depositary or a Custodian with respect to any Receipts Receipt or any Underlying Deposited Securities represented therebyby the American Depositary Shares evidenced hereby, the amount of such tax or other charge governmental charges shall be payable to the Depositary by the Owner hereof to the Trusteehereof. The Trustee Depositary may refuse and the Company shall refuse be under no obligation, to effect any the registration of any transfer of such Receipts this Receipt or any withdrawal of Underlying Deposited Securities represented by such Receipt hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof Underlying Securities constituting any multiples part or all of the securities which must be deposited for issuance of ReceiptsDeposited Securities represented by this Receipt, and may apply such dividends or other distributions of or the proceeds of any such sale in payment of such tax or other governmental charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Deposit Agreement (Shin Satellite Public Co LTD /Fi), Deposit Agreement (Shin Satellite Public Co LTD /Fi)

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Depositary Trust Agreement (Epoch Securities Inc), Depositary Trust Agreement (Epoch Securities Inc)

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LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other governmental charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other governmental charge shall be payable by the Owner hereof to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc), Depositary Trust Agreement (Merrill Lynch Pierce Fenner & Smith Inc)

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends dividends, interest payments or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends dividends, interest payments or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.

Appears in 1 contract

Samples: Depositary Trust Agreement (Cantor Fitzgerald & Co)

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