Common use of VALIDITY OF RECEIPT Clause in Contracts

VALIDITY OF RECEIPT. This Receipt shall not be entitled to any benefits under the Agreement or be valid or obligatory for any purpose, unless this Receipt shall have been (i) executed by the Depositary by the manual signature of a duly authorized signatory of the Depositary and (ii) registered in the books of the Registrar; provided, however that such signature may be a facsimile signature if a Registrar for the Receipts shall have been appointed and such Receipts are countersigned by the manual or facsimile of a duly authorized officer of the Registrar. Such execution of any Receipt shall be conclusive evidence that such Receipt has been duly executed and delivered hereunder.