Common use of Warranties by Depositor Clause in Contracts

Warranties by Depositor. Every person depositing Stock under the Deposit Agreement shall be deemed thereby to represent and warrant that such Stock and the certificates therefor are validly issued, fully paid and non-assessable, and free of any preemptive rights of the holders of outstanding Stock (other than preemptive rights in existence pursuant to the Memorandum and Articles of Association or Australian law) and that each such person making such deposit is duly authorized so to do. Each such person shall also be deemed to represent that the deposit of Stock or sale of Receipts by that person is not restricted, and that the Stock deposited by that person is not Restricted Securities. In addition, such person shall be deemed to represent that such Stock is not liable to disenfranchisement or disposal by the Company pursuant to the Memorandum and Articles of Association. Such representations and warranties shall survive the deposit and withdrawal of Stock and issuance and cancellation of Receipts in respect thereof.