Common use of Transfer of Receipts Clause in Contracts

Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Office by the holder in person or by duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer, and duly stamped as may be required by law. Thereupon the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person entitled thereto evidencing the same aggregate number of Depositary Shares as those evidenced by the Receipt or Receipts surrendered.

Appears in 3 contracts

Samples: Deposit Agreement (Intermedia Communications of Florida Inc), Deposit Agreement (Intermedia Communications of Florida Inc), Deposit Agreement (Intermedia Communications Inc)

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Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Office by the holder in person or by a duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfertransfer or endorsement, and duly stamped together with evidence of the payment of any transfer taxes as may be required by law. Thereupon Upon such surrender, the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person person entitled thereto evidencing the same aggregate number of Depositary Shares as those evidenced by the Receipt or Receipts surrendered.

Appears in 3 contracts

Samples: Deposit Agreement (Westmoreland Coal Co), Deposit Agreement (Travelers Capital Vii), Deposit Agreement (El Paso Energy Corp/De)

Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Office by the holder in person or by duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer, and duly stamped as may be required by law. Thereupon Thereupon, the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person person entitled thereto evidencing representing the same aggregate number of Depositary Shares as those evidenced represented by the Receipt or Receipts surrendered.

Appears in 2 contracts

Samples: Deposit Agreement (Mississippi Power Capital Trust Iii), Deposit Agreement (Infocure Corp)

Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Office by the holder in person or by a duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfertransfer or endorsement, and duly stamped together with evidence of the payment of any transfer taxes as may be required by law. Thereupon Upon such surrender, the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person person entitled thereto evidencing the same aggregate number of Adjustable Rate Depositary Shares as those evidenced by the Receipt or Receipts surrendered.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (El Paso Natural Gas Co), Deposit Agreement (El Paso Natural Gas Co)

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Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Principal Office by the holder in person or by duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer, and duly stamped as may be required by law. Thereupon the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person entitled thereto evidencing the same aggregate number of Depositary Shares as those evidenced by the Receipt or Receipts surrendered.

Appears in 1 contract

Samples: Deposit Agreement (Sensormatic Electronics Corp)

Transfer of Receipts. Subject to the terms and conditions of this Deposit Agreement, the Depositary shall make transfers on its books from time to time of Receipts upon any surrender thereof at the Depositary's Corporate Trust Office by the holder in person or by a duly authorized attorney, properly endorsed or accompanied by a properly executed instrument of transfer, and duly stamped as may be required by law. Thereupon the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the Person person entitled thereto evidencing the same aggregate number of Depositary Shares as those evidenced by the Receipt or Receipts surrendered.

Appears in 1 contract

Samples: Deposit Agreement (Worldcom Inc /MS/)

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