ADS Custodian definition
Examples of ADS Custodian in a sentence
The Company shall provide, free from preferential subscription rights, Ordinary Shares to provide for conversion of the Notes and the deposit of such Ordinary Shares with the ADS Custodian from time to time as such Notes are presented for conversion (assuming that at the time of computation of such number of shares, all such Notes would be converted by a single Holder).
Each Holder shall pay any fees payable to ADS Custodian for the issuance of the ADSs and the Company shall procure ADS Custodian to reduce the ADS issuance fee by fifty percent (50%) from the standard issuance fee set forth in the Deposit Agreement.
Any Securities represented by existing ADSs to be sold by such Selling Securityholder pursuant to this Agreement have been placed into custody with the Depositary, as custodian (the “ADS Custodian,” and each of the Share Custodian and ADS Custodian being a “Custodian”), with irrevocable conditional instructions to deliver the ADRs evidencing ADSs issued against such deposit in accordance with this Agreement..
The following terms and expressions used in this Agreement, unless the context otherwise requires, shall have the following meanings: “ADS” means an American Depositary Share, issued pursuant to the Deposit Agreement, representing one Ordinary Share of the Company as of the date of this Agreement, and deposited with the ADS Custodian.
The Company agrees to deposit with the ADS Custodian a sufficient number of Ordinary Shares to be represented by the ADSs a converting holder is entitled to receive upon conversion.