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

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of resignation delivered to the Company, such resignation to be effective on the earlier of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), or

Appears in 2 contracts

Samples: Deposit Agreement, Deposit Agreement

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Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written delivering notice of resignation delivered its election to do so to the CompanyCorporation, such resignation to take effect upon the appointment of a successor Depositary and its acceptance of such appointment as hereinafter provided. The Depositary may at any time be effective on removed by the earlier Corporation by notice of (i) the 90th day after delivery thereof such removal delivered to the Company (whereupon the Depositary shallDepositary, in the event no successor depositary has been appointed by the Company, be entitled such removal to take effect upon the actions contemplated in the Deposit Agreement), orappointment of a successor Depositary hereunder and its acceptance of such appointment as hereinafter provided.

Appears in 2 contracts

Samples: Deposit Agreement (Bb&t Corp), Deposit Agreement (Bb&t Corp)

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written notice of resignation its election to do so delivered to the Company, such resignation to be effective on take effect upon the earlier appointment of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no a successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), orand its acceptance of such appointment as hereinafter provided.

Appears in 2 contracts

Samples: Depositary Agreement (Alpharma Inc), Merger Agreement (Ascent Pediatrics Inc)

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written notice of resignation its election 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 hereinafter provided. The Depositary may at any time be effective on removed by the earlier Company by notice of (i) the 90th day after delivery thereof such removal delivered to the Company (whereupon Depositary, such removal to take effect upon the Depositary shall, in the event no appointment of a successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), orand its acceptance of such appointment as hereinafter provided.

Appears in 2 contracts

Samples: Deposit Agreement (Boykin Lodging Co), Deposit Agreement (Associated Estates Realty Corp)

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written notice of resignation delivered to the Company, such resignation to be effective on the earlier of (i) the 90th 60th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), ordelivery

Appears in 1 contract

Samples: Deposit Agreement (Chartered Semiconductor Manufacturing LTD)

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement hereunder by written notice of resignation its election to do so delivered to the Company, such resignation to be effective on take effect upon the earlier appointment of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no a successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), orand its acceptance of such appointment as hereinafter provided.

Appears in 1 contract

Samples: Deposit Agreement (Brandywine Operating Partnership Lp /Pa)

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Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of resignation delivered to the Company, such resignation to be effective on the earlier of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), or

Appears in 1 contract

Samples: Deposit Agreement

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of resignation delivered to the Company, such resignation to be effective on the earlier of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), or90th

Appears in 1 contract

Samples: Deposit Agreement (Impala Platinum Holdings LTD/Adr/)

Resignation and Removal of the Depositary; Appointment of Successor Depositary. The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of resignation delivered to the Company, such resignation to be effective on the earlier of (i) the 90th day after delivery thereof to the Company (whereupon the Depositary shall, in the event no successor depositary has been appointed by the Company, be entitled to take the actions contemplated in the Deposit Agreement), or,

Appears in 1 contract

Samples: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

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