ADR Custodian definition
ADR Custodian means the custodian under the ADR Deposit Agreement.
Examples of ADR Custodian in a sentence
The Issuer will receive Azul’s shares and deposit them with the ADR Custodian, together with evidence that the exchanging holders of the Second Out Exchangeable Notes are entitled to receive a set number of ADSs and deliver the relevant number of ADSs to the exchanging holders of the Second Out Exchangeable Notes or direct Azul to do so.
The Issuer will receive Azul’s shares and deposit them with the ADR Custodian, together with evidence that the exchanging holders of the 1L Consent Exchangeable Notes are entitled to receive a set number of ADSs and deliver the relevant number of ADSs to the exchanging holders of the 1L Consent Exchangeable Notes or direct Azul to do so.