Common use of Report upon Withdrawal of Shares (FEFTA Designated Business) Clause in Contracts

Report upon Withdrawal of Shares (FEFTA Designated Business). The Depositary has been further advised that, under FEFTA as in effect as of the date of the Deposit Agreement, it is required to report to the applicable Japanese governmental authorities (“FEFTA Share Withdrawal Report(s)”) within 45 days whenever it delivers deposited Shares upon a surrender of ADSs for cancellation if (x) the Company has informed the Depositary that the Company and/or the other FEFTA Covered Entities engage in any FEFTA Designated Business, and (y) the Depositary has made the FEFTA Pre-Notification and accepted the Shares after Satisfactory Expiration of the FEFTA Statutory Waiting Period. The Depositary agrees with the Company to file such FEFTA Share Withdrawal Reports if required to do so under FEFTA.

Appears in 3 contracts

Samples: Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (HW Electro Co., Ltd.)

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