Common use of Limitations On Cancellation of Designated Restricted ADSs Clause in Contracts

Limitations On Cancellation of Designated Restricted ADSs. The Company instructs the Depositary, and the Depositary agrees, not to release any Designated Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Shares unless (i) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), including, without limitation, the surrender for cancellation of the Restricted ADRs (accompanied by the requisite medallion guarantees, if so required under the terms of the Deposit Agreement) and the payment to the Depositary of the applicable fees, taxes and expenses otherwise payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (ii) the Depositary shall have received from the person requesting the withdrawal of the Designated Shares a duly completed and signed Withdrawal Certification substantially in the form attached hereto as Exhibit C (such certification, a “Withdrawal Certification”).

Appears in 1 contract

Samples: Deposit Agreement (Citibank,N.A./ADR)

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Limitations On Cancellation of Designated Restricted ADSs. The Company instructs the Depositary, and the Depositary agrees, agrees not to release any Designated Restricted Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Restricted Shares unless (ix) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), ) including, without limitation, the surrender for cancellation Depositary's receipt of the Designated Restricted ADRs (duly endorsed and accompanied by the requisite medallion signature guarantees, if so required under the terms of the Deposit Agreement) evidencing such Designated Restricted ADSs and the payment to the Depositary of the applicable fees, taxes and expenses otherwise ADS cancellation fees payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (iiy) the Depositary shall have received from the person requesting the withdrawal of the Designated Restricted Shares a duly completed and signed Withdrawal Certification substantially in the form attached hereto as Exhibit C (such certification, a "Withdrawal Certification").

Appears in 1 contract

Samples: Deposit Agreement (Manufacturas De Papel C a Manpa S a C a /Fi)

Limitations On Cancellation of Designated Restricted ADSs. Except as specifically contemplated herein or in any particular Restricted ADS Issuance Instructions Letter or in the restrictive legend(s) affixed to the particular Restricted ADR, no withdrawal or release of Restricted WPP Shares in respect of Restricted ADSs may occur without the prior written consent of the Company. The Company instructs the Depositary, and the Depositary agrees, not to release any Designated Restricted Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Restricted Shares unless (ix) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), including, without limitation, the surrender for cancellation of the Restricted ADRs (accompanied by the requisite medallion guarantees, if so required under the terms of the Deposit Agreement) and the payment to the Depositary of the applicable fees, taxes and expenses otherwise payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (iiy) the Depositary shall have received from the person requesting the withdrawal of the Designated Restricted Shares a duly completed and signed Withdrawal Certification substantially in the form of the applicable draft thereof attached hereto as Exhibit C D (such certification, a “Withdrawal Certification”).

Appears in 1 contract

Samples: Deposit Agreement (WPP Group PLC)

Limitations On Cancellation of Designated Restricted ADSs. Except as specifically contemplated herein or in the Restricted ADS Issuance Instructions Letter or in the restrictive legend(s) affixed to the particular Restricted ADR, no withdrawal or release of Restricted Shares in respect of Restricted ADSs may occur without the prior written consent of the Company. The Company instructs the Depositary, and the Depositary agrees, not to release any Designated Restricted Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Restricted Shares unless (ix) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), including, without limitation, the surrender for cancellation of the Restricted ADRs (accompanied by the requisite medallion guarantees, if so required under the terms of the Deposit Agreement) and the payment to the Depositary of the applicable fees, taxes and expenses otherwise payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (iiy) the Depositary shall have received from the person requesting the withdrawal of the Designated Restricted Shares a duly completed and signed Withdrawal Certification substantially in the form attached hereto as Exhibit C B (such certification, a “Withdrawal Certification”).

Appears in 1 contract

Samples: Deposit Agreement (Citibank,N.A./ADR)

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Limitations On Cancellation of Designated Restricted ADSs. The Company instructs the Depositary, and the Depositary agrees, not to release any Designated Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Shares at the instruction of the Holder thereof unless (ix) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), including, without limitation, the surrender for cancellation of the Restricted ADRs (accompanied by the requisite medallion guarantees, if so required under the terms of the Deposit Agreement) and the payment to the Depositary of the applicable fees, taxes and expenses otherwise payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (iiy) the Depositary shall have received from the person requesting the withdrawal of the Designated Shares Holder thereof a duly completed and signed Withdrawal Certification substantially in the form attached hereto as Exhibit C (such certification, a “Withdrawal Certification”). Upon satisfaction of the conditions set forth in clause (x) and clause (y) of the preceding sentence, the Depositary shall release the Designated Shares identified by such Holder or cancel any Designated Restricted ADSs identified by such Holder in order to withdraw the underlying Designated Shares.

Appears in 1 contract

Samples: Deposit Agreement (Citibank,N.A./ADR)

Limitations On Cancellation of Designated Restricted ADSs. The Company instructs the Depositary, and the Depositary agrees, not to release any Designated Shares or cancel any Designated Restricted ADSs evidenced by the Designated Restricted ADR(s) for the purpose of withdrawing the underlying Designated Shares unless (ix) the conditions applicable to the withdrawal of Shares from the depositary receipts facility created pursuant to the terms of the Deposit Agreement have been satisfied (except for any conditions relating to the Shares not being Restricted Securities), including, without limitation, the surrender for cancellation of the Restricted ADRs (accompanied by the requisite medallion guarantees, if so required under the terms of the Deposit Agreement) and the payment to the Depositary of the applicable fees, taxes and expenses otherwise payable under the terms of the Deposit Agreement in connection with the cancellation of ADSs and withdrawal of Deposited Securities, and (iiy) the Depositary shall have received from the person requesting the withdrawal of the Designated Shares a duly completed and signed Withdrawal Certification substantially in the form attached hereto as Exhibit C (such certification, a “Withdrawal Certification”). Notwithstanding the foregoing, the Designated Restricted ADSs acquired by the Offeror pursuant to the terms of the Offer may be cancelled upon the terms of the Deposit Agreement without the need to comply with the limitations set forth in this Section 6.

Appears in 1 contract

Samples: Deposit Agreement (Gmarket Inc.)

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