Common use of Warranties by Depositor Clause in Contracts

Warranties by Depositor. Every person depositing Shares under the Deposit Agreement shall be deemed thereby to represent and warrant that any such Shares and each certificate therefor are validly issued and outstanding, fully paid, non-assessable and not subject to preemptive rights, and that the person making such deposit is duly authorized to do so. Every such person shall also be deemed to represent that the deposit of Shares or sale of Receipts by that person is not restricted under the Securities Act of 1933. Such representations and warranties shall survive the deposit of Shares and issuance of Receipts.

Warranties by Depositor. Every person depositing Shares under the Deposit Agreement shall be deemed thereby to represent and warrant that any such Shares and each certificate therefor are validly issued and outstanding, fully paid, nonnonassessable and free of pre-assessable and not subject to preemptive rightsemptive rights benefitting a person other than the Trustee or holders of such Shares, and that the person making such deposit is duly authorized so to do so. Every and that such person shall also be deemed to represent that the deposit of Shares or sale of Receipts by that person are not "restricted securities" as such term is not restricted defined in Rule 144 under the Securities Act of 1933. Such representations and warranties shall survive the deposit of Shares and issuance of Receipts.