Common use of Limitations on Transfer of Restricted ADSs Clause in Contracts

Limitations on Transfer of Restricted ADSs. The Restricted ADR, and the Restricted ADSs evidenced thereby, shall be transferable only by the Holder thereof upon delivery to the Depositary of (i) all documentation otherwise contemplated by the Deposit Agreement and (ii)(a) an opinion of U.S. counsel reasonably satisfactory to the Depositary stating that, inter alia, the requested transfer is in accordance with the conditions upon which the Restricted ADR is, and the Restricted ADSs evidenced thereby are, transferable by the Holder thereof under applicable securities laws and the transfer restrictions contained in the legend set forth on the Restricted ADR presented for transfer. If the removal of the restrictions described in the legend applies to such transfer, then the Depositary will take the actions contemplated in Section 8(b) below upon receipt of the evidence contemplated therein.

Limitations on Transfer of Restricted ADSs. The Restricted ADR, ADR(s) and the Restricted ADSs evidenced thereby, shall be transferable only by the Holder thereof thereof, in transactions other than those described in Section 8 hereof, upon delivery to the Depositary of (i) all documentation otherwise contemplated by the Deposit Agreement and Agreement, (ii)(aii) an opinion of the applicable Holder’s U.S. counsel reasonably satisfactory to the Depositary stating that, inter alia, the requested transfer is in accordance with the conditions upon which the Restricted ADR is, and the Restricted ADSs evidenced thereby are, transferable by the Holder thereof under applicable securities laws and the transfer restrictions contained in the legend set forth on the Restricted ADR presented for transfer. If , and (iii) if applicable, all standard fees related to the removal transfer of the restrictions described in the legend applies to such transfer, then the Depositary will take the actions contemplated in Section 8(b) below upon receipt of the evidence contemplated thereina Restricted ADR.

Limitations on Transfer of Restricted ADSs. The Restricted ADRADR(s), and the Restricted ADSs evidenced thereby, shall be transferable only by the Holder thereof upon delivery to the Depositary of (i) all documentation otherwise contemplated by the Deposit Agreement and (ii)(a) an opinion of U.S. counsel reasonably satisfactory to the Depositary stating that, inter alia, the requested transfer is in accordance with the conditions upon which the Restricted ADR is, and the Restricted ADSs evidenced thereby are, transferable by the Holder thereof under applicable securities laws and the transfer restrictions contained in the legend set forth on the Restricted ADR presented for transfertransfer or (b) a written notification from the Company reasonably satisfactory to the Depositary stating that such sale was made in accordance with an effective registration statement under the Securities Act covering such sale. If the removal of the restrictions described in the legend applies to such transfer, then the Depositary will take the actions contemplated in Section 8(b) below upon receipt of the evidence contemplated therein.