Common use of Liability of Owner or Holder for Taxes Clause in Contracts

Liability of Owner or Holder for Taxes. If any tax or other governmental charge shall become payable 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 or Holder of such Receipt to the Depositary. The Depositary may and at the request of the Company shall refuse to effect any registration of transfer of such Receipt (or any split-up or combination thereof) or any withdrawal of Deposited Securities represented by American 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 or Holder thereof any part or all of the Deposited Securities represented by the American 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 or Holder of such Receipt shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Deposit Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Deposit Agreement (Sap Aktiengesellschaft Systems Applications Products in Data), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

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Liability of Owner or Holder for Taxes. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt American Depositary Shares or any Deposited Securities represented by any ReceiptAmerican Depositary Shares, such tax or other governmental charge shall be payable by the Owner or Holder of such Receipt American Depositary Shares to the Depositary. The Depositary may and at the request of the Company shall refuse to effect register any registration of transfer of such Receipt (or any split-up or combination thereof) those American Depositary Shares or any withdrawal of Deposited Securities represented by those American 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 or Holder thereof any part or all of the Deposited Securities represented by the those American 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 or Holder of such Receipt American Depositary Shares shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Gas Natural SDG Sa), Deposit Agreement (Gas Natural SDG Sa), Deposit Agreement (Gas Natural SDG Sa)

Liability of Owner or Holder 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 or Holder of such Receipt to the Depositary. The Depositary may and at the request of the Company shall refuse to effect any registration of transfer of such Receipt (or any split-up or combination thereof) or any withdrawal of Deposited Securities represented by the American 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 or Holder thereof any part or all of the Deposited Securities represented by the American 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 or Holder of such Receipt shall remain liable for any deficiency.

Appears in 2 contracts

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

Liability of Owner or Holder 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 or Holder of such Receipt to the Depositary. The Depositary may and at the request of the Company shall refuse to effect any registration of transfer of such Receipt (or any split-up or combination thereof) or any withdrawal of Deposited Securities represented by American 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 or Holder thereof any part or all of the Deposited Securities represented by the American 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 or Holder of such Receipt shall remain liable for any deficiency.

Appears in 2 contracts

Samples: Deposit Agreement (Chuo Mitsui Trust Holdings, Inc.), Deposit Agreement (Bank of New York / Adr Division)

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Liability of Owner or Holder for Taxes. If any tax or other governmental charge shall become payable with respect to any Receipt ReceiptAmerican Depositary Shares or any Deposited Securities represented by any Receipthereby, such tax or other governmental charge shall be payable by the Owner or Holder of such Receipt hereof to the Depositary. The Depositary may and at the request of the Company shall refuse to effect any registration of transfer of such Receipt (or any split-up or combination thereof) this Receiptsuch American Depositary Shares or any withdrawal of Deposited Securities represented by American 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 or Holder thereof hereof any part or all of the Deposited Securities represented by the American 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 or Holder of such Receipt hereof shall remain liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (Teva Pharmaceutical Industries LTD)

Liability of Owner or Holder for Taxes. If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt ReceiptAmerican Depositary Shares or any Deposited Securities represented by any ReceiptReceiptAmerican Depositary Shares, such tax or other governmental charge shall be payable by the Owner or Holder of such Receipt ReceiptAmerican Depositary Shares to the Depositary. The Depositary may and at the request of the Company shall refuse to effect any registration of transfer of such Receipt (or any split-up or combination thereof) ReceiptAmerican Depositary Shares or any withdrawal of Deposited Securities represented by American 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 or Holder thereof any part or all of the Deposited Securities represented by the American 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 or Holder of such Receipt ReceiptAmerican Depositary Shares shall remain liable for any deficiency. SECTION 3.3.

Appears in 1 contract

Samples: Deposit Agreement (Teva Pharmaceutical Industries LTD)

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