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

Resignation and Removal of Depositary; Substitution of the 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, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by written notice of such removal, effective upon the appointment of a successor Depositary and its acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" shall also refer to any successor depositary appointed pursuant to this Paragraph (19). The Depositary may at any time appoint a substitute custodian, approved by the Company, and the term "Custodian" shall also refer to such substitute.

Appears in 4 contracts

Samples: Deposit Agreement (News Holdings LTD), Deposit Agreement (News Corp LTD), Amended and Restated Deposit Agreement (News Corp LTD)

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Resignation and Removal of Depositary; Substitution of the 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, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, depositary and its such successor's acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by written notice of such removal, effective upon the appointment of a successor Depositary depositary and its such successor's acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" shall also refer to any successor depositary appointed pursuant to this Paragraph (19)8). The Depositary may at any time appoint a substitute custodian, approved by the Company, custodian and the term "Custodian" shall also refer to such substitute.

Appears in 3 contracts

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

Resignation and Removal of Depositary; Substitution of the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by giving 60 days' prior written notice of its election so to do delivered resignation to the Company, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, Depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by upon 60 days' prior written notice of such removalremoval delivered to the Depositary, which removal shall become effective upon the appointment of a successor Depositary and its acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" shall also refer to any successor depositary appointed appointment pursuant to this Paragraph (1922). The Depositary may at any time appoint a substitute custodiantime, approved by following Consultation with the Company, appoint substitute or additional Custodians and the term "Custodian" shall also refer to such substitute.

Appears in 2 contracts

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Basf Aktiengesellschaft /Fa/)

Resignation and Removal of Depositary; Substitution of the 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, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by written notice of such removal, effective upon the appointment of a successor Depositary depositary and its acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" Depositary shall also refer to any successor depositary appointed pursuant to this Paragraph (19)8). The Depositary may at any time appoint a substitute custodian, custodian approved by the Company, such approval not having been unreasonably withheld, and the term "Custodian" Custodian shall also refer to such substitute.

Appears in 2 contracts

Samples: Deposit Agreement (Amer Sports Corp /Fi), Deposit Agreement (Amer Sports Corp /Fi)

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Resignation and Removal of Depositary; Substitution of the 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, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by written notice of such removal, effective upon the appointment of a successor Depositary depositary and its acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" shall also refer to any successor depositary appointed pursuant to this Paragraph (1920). The Depositary may at any time appoint a substitute custodian, approved by the Company, custodian and the term "Custodian" shall also refer to such substitute.

Appears in 2 contracts

Samples: Third Amendment to Deposit Agreement (Petroleum Geo Services Asa), Deposit Agreement (Petroleum Geo Services Asa)

Resignation and Removal of Depositary; Substitution of the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do be delivered to the Company, such resignation to take effect upon the appointment of a successor depositary, reasonably satisfactory to the Company, and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company without cause by written notice of such removal, effective upon the appointment of a successor Depositary and its acceptance of such appointment as provided in the Deposit Agreement. The term "Depositary" shall also refer to any successor depositary appointed pursuant to this Paragraph (19). The Depositary may at any time appoint a substitute custodian, approved by the Company, and the term "Custodian" shall also refer to such substitute.

Appears in 1 contract

Samples: Deposit Agreement (Amarin Corp Plc\uk)

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