Depositary Shares definition

Depositary Shares means Depositary Shares, each representing 1/1,000 of a share of Stock and evidenced by a Receipt.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Depositary Shares means the depositary shares, each such share representing ownership of 1/40th of a share of Preferred Stock.

Depositary Shares means the Depositary shares representing the Company's preferred stock convertible into Stock.

Examples of Depositary Shares in a sentence

Voting instructions may be given only in respect of a number of American Depositary Shares representing an integral number of Deposited Securities.
The ratio of Depositary Shares to shares of stock is subject to subsequent amendment as provided in Article IV of the Deposit Agreement.
The Depositary shall not incur any liability for any tax consequences that may be incurred by Holders and Beneficial Owners on account of their ownership of the American Depositary Shares, including without limitation, tax consequences resulting from the Company (or any of its subsidiaries) being treated as a “Passive Foreign Investment Company” (as defined in the U.S. Internal Revenue Code of 1986, as amended and the regulations issued thereunder) or otherwise.
The Depositary may refuse to accept for surrender American Depositary Shares only in the circumstances described in Article (4) of the Receipt.
American Depositary Shares may be surrendered for the purpose of withdrawing Deposited Securities by Delivery of a Receipt evidencing such American Depositary Shares (if held in certificated form) or by book‑entry Delivery of such American Depositary Shares to the Depositary.

More Definitions of Depositary Shares

Depositary Shares means depositary shares, each representing [specify fraction] interest in a Share and evidenced by a Receipt.

Depositary Shares means the security representing a 1/100th fractional interest in a share of the Stock, and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder. Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Stock represented by such Depositary Share (including the dividend, voting, redemption and liquidation rights contained in the Certificate of Designations).

Depositary Shares means the depositary shares, each representing 1/40th of one share of the Series B Preferred Stock, and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Series B Preferred Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder. Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Series B Preferred Stock represented by such Depositary Share (including the dividend, voting, redemption and liquidation rights contained in the Certificate of Designations).

Depositary Shares means the depositary shares, each representing 1/100th of one share of the Series C Preferred Stock, and the same proportionate interest in any and all other property received by the Depositary in respect of such share of Series C Preferred Stock and held under this Deposit Agreement, all as evidenced by the Receipts issued hereunder. Subject to the terms of this Deposit Agreement, each owner of a Depositary Share is entitled, proportionately, to all the rights, preferences and privileges of the Series C Preferred Stock represented by such Depositary Share (including the dividend, voting, redemption and liquidation rights contained in the Certificate of Designations).

Depositary Shares means the depositary shares, each representing one one-thousandth of a share of the Stock and evidenced by a Receipt. “Depository’s Agent” shall mean an agent appointed by the Depository pursuant to Section 5.1.

Depositary Shares means the Shares held by a Depositary or in which a Depositary is interested in its capacity as a Depositary;

Depositary Shares means the depositary shares, each representing a one-thousandth (1/1,000th) interest in a share of the Series A Preferred Stock, evidenced by depositary receipts.