Common use of Redemption of Deposited Securities Clause in Contracts

Redemption of Deposited Securities. If the Depositary receives a notice that Deposited Securities are to be redeemed, the Depositary shall (i) call for surrender a corresponding number of American Depositary Shares, (ii) notify the Owners of those American Depositary Shares that the Deposited Securities underlying their American Depositary Shares will be surrendered for redemption and (iii) surrender Deposited Securities that have been redeemed to the issuer of those securities or its agent on the redemption date. Owners of American Depositary Shares affected by the redemption may surrender the Receipts evidencing those American Depositary Shares and receive delivery of money or other property the Depositary receives upon redemption of Deposited Securities as provided in Section 2.05. If the Depositary receives notice that less than all the Deposited Securities are to be redeemed, the Depositary shall determine in its discretion which American Depositary Shares to call for surrender in connection with that redemption. If the Depositary calls for surrender less than all the American Depositary Shares evidenced by a Receipt in connection with a redemption of Deposited Securities, the Depositary shall, upon surrender of that Receipt, deliver to the Owner a Receipt evidencing the amount of American Depositary Shares evidenced by the surrendered Receipt that were not called for surrender.

Redemption of Deposited Securities. If the Depositary receives a notice that Deposited Securities are to be redeemed, the Depositary shall (i) call for surrender a corresponding number of American Depositary Shares, (ii) notify the Owners of those American Depositary Shares that the Deposited Securities underlying their American Depositary Shares will be surrendered for redemption and (iii) surrender Deposited Securities that have been redeemed to the issuer of those securities or its agent on the redemption date. Owners of American Depositary Shares affected by the redemption may surrender the Receipts evidencing those American Depositary Shares and receive delivery of money or other property the Depositary receives upon redemption of Deposited Securities as provided in Section 2.052.05 of the Deposit Agreement. If the Depositary receives notice that less than all the Deposited Securities are to be redeemed, the Depositary shall determine in its discretion which American Depositary Shares to call for surrender in connection with that redemption. If the Depositary calls for surrender less than all the American Depositary Shares evidenced by a Receipt in connection with a redemption of Deposited Securities, the Depositary shall, upon surrender of that Receipt, deliver to the Owner a Receipt evidencing the amount of American Depositary Shares evidenced by the surrendered Receipt that were not called for surrender.

Redemption of Deposited Securities. If the Depositary receives a notice that Deposited Securities have been or are to be redeemedredeemed for cash or otherwise purchased for cash in a transaction that will be mandatory and binding on the Depositary as a holder of those Deposited Securities (a “Redemption”), the Depositary shall as promptly as practicable (i) call send a notice to Owners (A) notifying them of that Redemption, (B) calling for surrender of a corresponding number of American Depositary SharesShares and (C) notifying them that, (ii) notify upon that Redemption, the called American Depositary Shares will convert into a right only to receive the money or other property received by the Depositary upon that Redemption and those net proceeds shall be the Deposited Securities to which Owners of those converted American Depositary Shares shall be entitled upon surrenders of those American Depositary Shares that in accordance with Section 2.05 or 6.02 of the Deposited Securities underlying their American Depositary Shares will be surrendered for redemption and Deposit Agreement, (iiiii) surrender Deposited Securities that have been redeemed to the issuer of those securities or its agent on the redemption date. Owners of American Depositary Shares affected by date and (iii) distribute the redemption may surrender the Receipts evidencing those American Depositary Shares and receive delivery of money or other property received upon the Redemption to the Owners entitled to it upon surrender by them of called American Depositary receives upon redemption Shares in accordance with Section 2.05 of Deposited Securities as provided in that Agreement (and, for the avoidance of doubt, Owners shall not be entitled to receive that money or other property under Section 2.054.01 or 4.02 of that Agreement). If the Depositary receives notice that Redemption affects less than all the Deposited Securities are to be redeemedSecurities, the Depositary shall determine in its discretion which call for surrender a corresponding portion of the outstanding American Depositary Shares and only those American Depositary Shares will automatically be converted into a right to call for surrender in connection with that redemptionreceive the net proceeds of the Redemption. If the The Depositary calls for surrender less than all shall allocate the American Depositary Shares evidenced by a Receipt in connection with a redemption of Deposited Securities, converted under the Depositary shall, upon surrender of that Receipt, deliver preceding sentence among the Owners pro-rata to the Owner a Receipt evidencing the amount their respective holdings of American Depositary Shares evidenced by immediately prior to the surrendered Receipt Redemption, except that were not called for surrenderthe allocations may be adjusted so that no fraction of a converted American Depositary Share is allocated to any Owner.