Common use of Resignation and Removal of Depositary; Substitution of Custodian Clause in Contracts

Resignation and Removal of Depositary; Substitution of Custodian. The Depositary may at any time resign by written notice of its election so to do delivered to the Company and the Custodian, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment. The Depositary may at any time be removed by the Company by written notice, such removal to take effect upon the appointment of a successor depositary and its acceptance of such appointment. In the case of such resignation or removal, the Company shall, within 30 days after the delivery of the notice thereof, appoint a successor depositary. The Depositary may at any time appoint a substitute Custodian.

Appears in 6 contracts

Samples: Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Mitsui & Co LTD), Deposit Agreement (Citibank,N.A./ADR)

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Resignation and Removal of Depositary; Substitution of Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the Company and the Custodiando, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointmentas provided in the Deposit Agreement. The Depositary may at any time be removed as Depositary by the Company by written noticenotice of such removal, such removal termination to take effect upon the appointment of a successor depositary and its acceptance of such appointment. In as provided in the case of such resignation or removal, the Company shall, within 30 days after the delivery of the notice thereof, appoint a successor depositaryDeposit Agreement. The Depositary may at any time appoint a substitute custodian and the term “Custodian” shall refer to such substitute.

Appears in 3 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Scottish & Southern Energy PLC /Fi), Deposit Agreement (Scottish & Southern Energy PLC /Fi)

Resignation and Removal of Depositary; Substitution of Custodian. The Depositary may at any time resign as Depositary by written notice of its election so to do delivered to the Company and the Custodian, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment. The Depositary may at any time be removed by the Company by written noticenotice of such removal, such removal to take effect upon the appointment of a successor depositary and its acceptance of such appointment. In the case of such resignation or removal, the Company shall, within 30 days after the delivery of the notice thereof, appoint a successor depositary. The Depositary may may, after consultation with the Company, at any time appoint a substitute Custodian.

Appears in 3 contracts

Samples: Deposit Agreement (Mitsui & Co LTD), Deposit Agreement (Mitsui & Co LTD), Deposit Agreement (Mitsui & Co LTD)

Resignation and Removal of Depositary; Substitution of Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the Company and the CustodianCompany, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointmentappointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company by written noticeCompany, such removal to take effect effective upon the appointment of a successor depositary and its acceptance of such appointment. In appointment as provided in the case of such resignation or removal, the Company shall, within 30 days after the delivery of the notice thereof, appoint a successor depositaryDeposit Agreement. The Depositary may at any time appoint a substitute custodian and the term "Custodian" shall refer to such substitute.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Icon PLC /Adr/)

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Resignation and Removal of Depositary; Substitution of Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the Company and the CustodianCompany, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointmentappointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company by written noticeCompany, such removal to take effect effective upon the appointment of a successor depositary and its acceptance of such appointment. In appointment as provided in the case of such resignation or removal, the Company shall, within 30 days after the delivery of the notice thereof, appoint a successor depositaryDeposit Agreement. The Depositary may at any time appoint a substitute custodian and the term “Custodian” shall refer to such substitute.

Appears in 1 contract

Samples: Deposit Agreement (Aktiebolaget Electrolux)

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