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 American Depositary Shares or any Deposited Securities represented by any American Depositary Shares, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented 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 Owner or Holder hereof any part or all of the Deposited Securities represented by those American Depositary Shares, 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 those 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)

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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 American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary Shareshereby, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares hereof to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares this Receipt or any withdrawal of Deposited Securities represented by those 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 hereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by 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 those American Depositary Shares hereof 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 with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary Shareshereby, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares holder hereof to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares this Receipt 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 holder hereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidenced by 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 those American Depositary Shares holder hereof shall remain liable for any deficiency.

Appears in 1 contract

Samples: Sopheon PLC

Liability of Owner or Holder for Taxes. If any tax or other governmental charge shall become payable with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary Shareshereby, such tax or other governmental charge shall be payable by the Owner or Holder of such American Depositary Shares holder hereof to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares this Receipt or any withdrawal of Deposited Securities represented by those American Depositary Shares evidence 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 holder hereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares evidence by 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 those American Depositary Shares holder hereof shall remain liable for any deficiency.

Appears in 1 contract

Samples: 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 by the Custodians or the Depositary with respect to any American Depositary Shares Receipt or any Deposited Securities represented by any American Depositary SharesReceipt, such tax or other governmental charge shall be payable by the Owner or Holder holder of such American Depositary Shares Receipt to the Depositary. The Depositary may refuse to register effect any transfer of those American Depositary Shares such Receipt 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 hereof holder thereof any part or all of the Deposited Securities represented by those the American Depositary SharesShares 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 holder of those American Depositary Shares such Receipt shall remain liable for any deficiency.

Appears in 1 contract

Samples: Deposit Agreement (Sopheon PLC)

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