Common use of Surrender of Receipts and Withdrawal of Preferred Stock Clause in Contracts

Surrender of Receipts and Withdrawal of Preferred Stock. Upon surrender of this Receipt to the Depositary at the Depositary's Office or such other offices as the Depositary may designate, and subject to the provisions of the Deposit Agreement, the holder hereof is entitled to withdraw, and to obtain delivery of, to or upon the order of such holder, any or all of the Preferred Stock (but only in whole shares of Preferred Stock) and any or all money and other property, if any, at the time represented by the Depositary Shares evidenced by this Receipt; provided, however, that, in the event this Receipt shall evidence a number of Depositary Shares in excess of the number of Depositary Shares representing the whole number of shares of Preferred Stock to be withdrawn, the Depositary shall, in addition to such whole number of shares of Preferred Stock and such money and other property, if any, to be withdrawn, deliver, to or upon the order of such holder, a new Receipt or Receipts evidencing such excess number of whole Depositary Shares.] [5.

Appears in 3 contracts

Samples: Deposit Agreement Deposit Agreement (Tele Communications Inc /Co/), Deposit Agreement Deposit Agreement (Tele Communications Inc /Co/), Deposit Agreement Deposit Agreement (Tele Communications Inc /Co/)

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Surrender of Receipts and Withdrawal of Preferred Stock. Upon surrender of this Receipt to the Depositary at the Depositary's Office or such other offices as the Depositary may designate, and subject to the provisions of the Deposit Agreement, the holder hereof is entitled to withdraw, and to obtain delivery of, to or upon the order of such holder, any or all of the Preferred Stock (but only in whole shares of Preferred Stock) and any or all money and other property, if any, at the time represented by the Depositary Shares evidenced by this Receipt; provided, however, that, in the event this Receipt shall evidence a number of Depositary Shares in excess of the number of Depositary Shares representing the whole number of shares of Preferred Stock to be withdrawn, the Depositary shall, in addition to such whole number of shares of Preferred Stock and such money and other property, if any, to be withdrawn, deliver, to or upon the order of such holder, a new Receipt or Receipts evidencing such excess number of whole Depositary Shares.] [5.

Appears in 2 contracts

Samples: Deposit Agreement (Ferro Corp), Deposit Agreement (Ferro Corp)

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Surrender of Receipts and Withdrawal of Preferred Stock. Upon surrender of this Receipt to the Depositary at the Depositary's its Corporate Trust Office or at such other offices as the Depositary it may designate, and subject to the provisions of the Deposit Agreement, the holder hereof is entitled to withdraw, and to obtain delivery ofdelivery, to or upon the order of such holder, any of, the number of whole or all fractional shares of the Preferred Stock (but only in whole shares of Preferred Stock) and any or all money and other property, if any, at the time represented by the Depositary Shares evidenced by this Receipthereby; provided, however, that, that in the event this Receipt shall evidence a number of Depositary Shares in excess of the number of Depositary Shares representing the whole number of whole or fractional shares of Preferred Stock to be so withdrawn, the Depositary shall, in addition to such whole number of whole or fractional shares of Preferred Stock and such money and the other property, if any, to be so withdrawn, deliver, to or upon the order of such holder, a new Receipt or Receipts evidencing such excess number of whole Depositary Shares.] [5.

Appears in 1 contract

Samples: Deposit Agreement (Infocure Corp)

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