Common use of Termination of Depositary Receipt Program Clause in Contracts

Termination of Depositary Receipt Program. If the Class A Common Shares cease to be represented by ADSs issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of Class A Common Shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the Class A Common Shares and as if the Class A Common Shares and the other property had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the Class A Common Shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall provide written notice to the Holders, the Trustee and the Conversion Agent (if other than the Trustee) upon the occurrence of the foregoing.

Appears in 2 contracts

Samples: Indenture (JOYY Inc.), Indenture (JOYY Inc.)

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Termination of Depositary Receipt Program. If the Class A Common Shares ordinary shares of the Company cease to be represented by ADSs American Depositary Shares issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of Class A Common Shares ordinary shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the Class A Common Shares ordinary shares of the Company and as if the Class A Common Shares ordinary shares (and the other property property, if any) had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the Class A Common Sharesordinary shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall provide written notice cause to the Holders, be filed with the Trustee and the Conversion Agent (if other than the Trustee) upon and to be sent to each Holder at its address appearing on the occurrence Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date of the foregoingevent stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rate.

Appears in 2 contracts

Samples: Indenture (GDS Holdings LTD), Indenture (China Lodging Group, LTD)

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Termination of Depositary Receipt Program. If the Class A Common Shares ordinary shares cease to be represented by ADSs American Depositary Shares issued under a depositary receipt program sponsored by the Company, all references in this Indenture to the ADSs shall be deemed to have been replaced by a reference to the number of Class A Common Shares ordinary shares (and other property, if any) represented by the ADSs on the last day on which the ADSs represented the Class A Common Shares ordinary shares and as if the Class A Common Shares ordinary shares and the other property had been distributed to holders of the ADSs on that day. In addition, all references to the Last Reported Sale Price of the ADSs will be deemed to refer to the Last Reported Sale Price of the Class A Common Sharesordinary shares, and other appropriate adjustments, including adjustments to the Conversion Rate, will be made to reflect such change. In making such adjustments, where currency translations between U.S. dollars and any other currency are required, the exchange rate in effect on the date of determination will apply. The Company shall provide written notice cause to the Holders, be filed with the Trustee and the Conversion Agent (if other than the Trustee) upon and to be sent to each Holder at its address appearing on the occurrence Note Register, as promptly as possible but in any event at least 20 days prior to the applicable date of the foregoingevent stated herein, a notice stating the applicable date of the event and any adjustment to the Conversion Rate.

Appears in 1 contract

Samples: Indenture (Trina Solar LTD)

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