RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 The Company may terminate the appointment of the Depositary under the Deposit Agreement by giving at least 120 days’ prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit Agreement and the acceptance of such appointment to act in accordance with the terms thereof and of these Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement to use its reasonable endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22.
Appears in 2 contracts
Samples: Deposit Agreement (JSC RusHydro), Deposit Agreement (JSC RusHydro)
RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 20.1 The Company may terminate the appointment of the Depositary under the Deposit Agreement by giving at least 120 days’ ' prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ ' prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22and to the UK Listing Authority and the London Stock Exchange. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit Agreement and the acceptance of such appointment to act in accordance with the terms thereof and of these Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement to use its reasonable best endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 2223 and to the UK Listing Authority and the London Stock Exchange.
Appears in 1 contract
Samples: Deposit Agreement
RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 11.1 The Company may terminate the appointment of the Depositary under the Deposit this Agreement by giving at least 120 days’ prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders Holders, in accordance with Condition 22. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit this Agreement and the acceptance of such appointment to act in accordance with the terms thereof hereof and of these the Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement undertakes to use its reasonable endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22.
Appears in 1 contract
Samples: Deposit Agreement (JSC RusHydro)
RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 11.1 The Company may terminate the appointment of the Depositary under the Deposit this Agreement by giving at least 120 days’ ' prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ ' prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders Holders, in accordance with Condition 2223 and to the UK Listing Authority and the London Stock Exchange. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit this Agreement and the acceptance of such appointment to act in accordance with the terms thereof hereof and of these the Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement undertakes to use its reasonable best endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 2223 and to the UK Listing Authority and the London Stock Exchange.
Appears in 1 contract
Samples: Deposit Agreement
RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 20.1 The Company may terminate the appointment of the Depositary under the Deposit Agreement by giving at least 120 days’ ' prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ ' prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22[and to the [•] Stock Exchange]. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit Agreement and the acceptance of such appointment to act in accordance with the terms thereof and of these Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement to use its reasonable best endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 2223 [and to the [•] Stock Exchange].
Appears in 1 contract
Samples: Deposit Agreement
RESIGNATION AND TERMINATION OF APPOINTMENT OF THE DEPOSITARY. 19.1 11.1 The Company may terminate the appointment of the Depositary under the Deposit this Agreement by giving at least 120 days’ prior notice in writing to the Depositary and the Custodian, and the Depositary may resign as Depositary by giving at least 120 days’ prior notice in writing to the Company and the Custodian. Within 30 days after the giving of either such notice, notice thereof shall be duly given by the Depositary to the Holders Holders, in accordance with Condition 22. The termination of the appointment or the resignation of the Depositary shall take effect on the date specified in such notice; PROVIDED THAT no such termination of appointment or resignation shall take effect until the appointment by the Company of a successor depositary under the Deposit this Agreement and the acceptance of such appointment to act in accordance with the terms thereof hereof and of these the Conditions, by the successor depositary. The Company has undertaken in the Deposit Agreement undertakes to use its reasonable endeavours to procure the appointment of a successor depositary with effect from the date of termination specified in such notice as soon as reasonably possible following notice of such termination or resignation. Upon any such appointment and acceptance, notice thereof shall be duly given by the Depositary to the Holders in accordance with Condition 22.
Appears in 1 contract
Samples: Deposit Agreement (JSC RusHydro)