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

Resignation and Removal of Depositary; the Custodian. The Depositary may resign as Depositary by written notice of its election to do so delivered to the Company, or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A resignation by the Depositary shall not be effective until the earlier of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositary. The Depositary, upon consultation with the Company, if practicable, may appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 4 contracts

Samples: Deposit Agreement (Webzen Inc), Deposit Agreement (Webzen Inc), Deposit Agreement (Olivetti Spa)

AutoNDA by SimpleDocs

Resignation and Removal of Depositary; the Custodian. The Depositary may resign as Depositary by written notice of its election to do so delivered to the Company, or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A resignation by the Depositary shall not be effective until the earlier of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositary. The Depositary, upon consultation with the Company, if practicable, Depositary may appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 3 contracts

Samples: Deposit Agreement (Omron Corp /Fi), Deposit Agreement (Omron Corp /Fi), Deposit Agreement (Omron Corp /Fi)

Resignation and Removal of Depositary; the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do so delivered to the Company, Company or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A , such resignation or removal to take effect upon the appointment of and acceptance by the Depositary shall not be effective until the earlier of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositarydepositary as provided in the Deposit Agreement. The DepositaryDepositary may, upon consultation with written request or written approval of the Company, if practicable, may at any time appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 3 contracts

Samples: Deposit Agreement (Wolters Kluwer N v /Fi), Deposit Agreement (Ing Groep Nv), Deposit Agreement (Wolters Kluwer N v /Fi)

Resignation and Removal of Depositary; the Custodian. The Depositary may resign as Depositary by written notice of its election to do so delivered to the Company, or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A Notwithstanding the foregoing, no resignation by the Depositary or removal shall not be become effective unless and until the earlier of (i) 90 60 days from the date of such after notice of resignation and (ii) or removal has been given or the date on which appointment of a new depositary bank by the Company shall have appointed a successor depositaryCompany. The Depositary, upon consultation with the Company, if practicable, Depositary may appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 2 contracts

Samples: Deposit Agreement (Rinker Group LTD), Deposit Agreement (Rinker Group LTD)

Resignation and Removal of Depositary; the Custodian. The Depositary may resign as Depositary by written notice of its election to do so delivered to the Company, or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A resignation by the Depositary shall not be effective until the earlier of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositary. The Depositary, upon consultation with the Company, if practicable, may appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 2 contracts

Samples: Deposit Agreement (Webzen Inc), Deposit Agreement (Webzen Inc)

AutoNDA by SimpleDocs

Resignation and Removal of Depositary; the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do so delivered to the Company, Company or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary, such resignation or removal to take effect upon the appointment of and acceptance by a successor depositary as provided in the Deposit Agreement. A resignation by the The Depositary shall not be effective until the earlier may, upon written request or written approval of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositary. The Depositary, upon consultation with the Company, if practicable, may at any time appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 2 contracts

Samples: Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary), Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary)

Resignation and Removal of Depositary; the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do so delivered to the Company, Company or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary, such resignation or removal to take effect upon the appointment of and acceptance by a successor depositary as provided in the Deposit Agreement. A resignation by the The Depositary shall not be effective until the earlier may, upon written request or written approval of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositary. The Depositary, upon consultation with the Company, if practicable, may at any time appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 1 contract

Samples: Deposit Agreement (Bp PLC)

Resignation and Removal of Depositary; the Custodian. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do so delivered to the Company, Company or be removed as Depositary by the Company by written notice of such removal delivered to the Depositary. A , such resignation or removal to take effect upon the appointment of and acceptance by the Depositary shall not be effective until the earlier of (i) 90 days from the date of such notice of resignation and (ii) the date on which the Company shall have appointed a successor depositarydepositary as provided in the Deposit Agreement. The DepositaryDepositary may, upon after consultation with the Company, Company if practicable, may at any time appoint substitute or additional Custodians and the term "Custodian" refers to each Custodian or all Custodians as the context requires.

Appears in 1 contract

Samples: Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!