Common use of RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN Clause in Contracts

RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR 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 and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion The Depositary may at any time be removed by the Company by 60 days prior written notice of such removal, to become effective upon the later of (i) the 60th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion. The Depositary in its discretion may appoint a substitute custodian.

Appears in 4 contracts

Samples: Deposit Agreement (BrasilAgro - Brazilian Agricultural Real Estate Co), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division)

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RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR 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 and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion . The Depositary may at any time be removed by the Company by 60 days 90 days’ prior written notice of such removal, to become effective upon the later of (i) the 60th 90th day after delivery of the notice to the Depositary and or (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to . Whenever the Company in its sole discretion. The Depositary in its discretion determines that it is in the best interest of the Owners of Receipts to do so, it may appoint appoint, upon written notice to the Company 20 days before such appointment shall take effect (if practicable), a substitute custodianor additional custodian or custodians.

Appears in 3 contracts

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

RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN. The Depositary may at any time resign as Depositary under the Deposit Agreement by delivering to the Company its written notice of its election so to do delivered to the Companyresign, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion . The Depositary may at any time be removed by the Company by 60 with at least 120 days prior written notice of such removal, to become effective upon the later of (i) the 60th 120th day after delivery of the notice to the Depositary and or (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such appointment as provided in appointment. Whenever the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion. The Depositary in its discretion may determines that it is in the best interest of the Owners of Receipts to do so, it may, after consultation with the Company, appoint a substitute custodian, which shall thereafter be the Custodian under the Deposit Agreement.

Appears in 3 contracts

Samples: Deposit Agreement (Sadia S.A.), Deposit Agreement (Suzano Petroquimica S A), Deposit Agreement (Sadia Sa)

RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR 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 become effective upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement, which ; provided that such appointment shall be on terms satisfactory to the Company in its sole discretion discretion. The Depositary may at any time be removed by the Company by 60 days 90 days’ prior written notice of such that removal, to become effective upon the later of (i) the 60th 90th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such its appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion. The Depositary in its discretion may at any time appoint a substitute custodian.

Appears in 1 contract

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

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RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written notice of its election so to do so delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory Agreement and subject to the Company in its sole discretion terms and conditions of Section 6.02 of the Deposit Agreement. The Depositary may at any time be removed by the Company by 60 120 days prior written notice of such removal, to become effective upon the later of (i) the 60th 120th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to . Whenever the Company in its sole discretion. The Depositary in its discretion may determines that it is in the best interest of the Owners of Receipts to appoint a substitute custodianor additional custodian or custodians, then the Depositary may appoint each of which shall thereafter be one of the Custodians under the Deposit Agreement.

Appears in 1 contract

Samples: Deposit Agreement (Kelka Express Co LTD)

RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN. The Depositary may at any time resign as Depositary under the Deposit Agreement by upon 60 days written notice of its election so to do delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion The Depositary may at any time be removed by the Company by 60 days prior written notice of such removal, to become effective upon the later of (i) the 60th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary satisfactory to the Company and its acceptance of such appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion. The Depositary may at any time be removed by the Company by 60 days’ prior written notice of that removal, to become effective upon the later of (i) the 60th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of its appointment as provided in the Deposit Agreement, which appointment shall be on terms satisfactory to the Company in its sole discretion. The Depositary in its discretion may at any time, after consultation with the Company, appoint a substitute custodian.

Appears in 1 contract

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

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