Common use of LIABILITY OF OWNER FOR TAXES Clause in Contracts

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities represented by any Receipt, such tax or other governmental charge shall be payable by the Owner of such Receipt to the Depositary. The Depositary may refuse to effect any transfer of such Receipt or any withdrawal of Deposited Securities represented by Global Depositary Shares evidenced 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 thereof any part or all of the Deposited Securities represented by the Global Depositary Shares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt shall remain liable for any deficiency.

Appears in 8 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (MMX Mineracao E Metalicos S.A.)

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LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities represented by any Receipthereby, such tax or other governmental charge shall be payable by the Owner of such Receipt hereof to the Depositary. The Depositary may refuse to effect any transfer of such this Receipt or any withdrawal of Deposited Securities represented by Global Depositary Shares evidenced 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 thereof hereof any part or all of the Deposited Securities represented by the Global Depositary Shares evidenced by such this Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt hereof shall remain liable for any deficiency.

Appears in 8 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (MMX Mineracao E Metalicos S.A.)

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt Global Depositary Shares or any Deposited Securities represented by any ReceiptGlobal Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such Receipt Global Depositary Shares to the Depositary. The Depositary may refuse to effect register any transfer of such Receipt those Global Depositary Shares or any withdrawal of Deposited Securities represented by those Global Depositary Shares evidenced 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 thereof any part or all of the Deposited Securities represented by the those Global Depositary Shares evidenced by such ReceiptShares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt Global Depositary Shares shall remain 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 (Bank of New York / Adr Division)

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt Global Depositary Shares or any Deposited Securities represented by any ReceiptGlobal Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such Receipt to the Depositary. The Depositary may refuse to effect register any transfer of such Receipt those Global Depositary Shares or any withdrawal of Deposited Securities represented by those Global Depositary Shares evidenced 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 thereof any part or all of the Deposited Securities represented by the those Global Depositary Shares evidenced by such ReceiptShares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt shall remain 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 (Bank of New York / Adr Division)

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities represented by any the Global Depositary Securities evidenced by such Receipt, such tax or other governmental charge shall be payable by the Owner of such Receipt to the Depositary. The Depositary may refuse to effect any registration of transfer of such Receipt or to permit any transfer or any withdrawal of Deposited Securities represented by Global Depositary Shares Securities evidenced 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 thereof any part or all of the Deposited Securities represented by the Global Depositary Shares Securities evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Deposit Agreement (Ashanti Goldfields Co LTD), Deposit Agreement (Ashanti Goldfields Co LTD)

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LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt Global Depositary Shares or any Deposited Securities represented by any ReceiptGlobal Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such Receipt Global Depositary Shares to the Depositary. The Depositary may refuse to effect register any transfer of such Receipt those Global Depositary Shares or any withdrawal of Deposited Securities represented by those Global Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributionsdistributions in respect of, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by the those Global Depositary Shares evidenced by such ReceiptShares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt Global Depositary Shares shall remain liable for any deficiency.

Appears in 1 contract

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

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt Global Depositary Shares or any Deposited Securities represented by any ReceiptGlobal Depositary Shares, such tax or other governmental charge shall be payable by the Owner of such Receipt to the Depositary. The Depositary may refuse to effect register any transfer of such Receipt those Global Depositary Shares or any withdrawal of Deposited Securities represented by those Global Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributionsdistributions in respect of, or may sell for the account of the Owner thereof any part or all of the Deposited Securities represented by the those Global Depositary Shares evidenced by such ReceiptShares, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge and the Owner of such Receipt shall remain liable for any deficiency.

Appears in 1 contract

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

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