European Depositary Receipt definition
Examples of European Depositary Receipt in a sentence
Title to a European Depositary Receipt (and to the European Depositary Shares evidenced thereby) and any talon or coupons appertaining thereto shall be transferable by delivery, and the Depositary and the Subdepositaries, notwithstanding any notice to the contrary, may treat the holder thereof from time to time as the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends and other distributions and for all other purposes.
When all coupons attached to a European Depositary Receipt have been exhausted, or notice published as provided in Section 7.04 regarding the exchange of talons, and upon the surrender of a talon, the Depositary shall deliver an additional supply of coupons and a new talon.
For the purpose of the foregoing sentence, the deliverable portion shall be determined on the basis of the aggregate number of shares of Stock represented by the entire amount of the American Depositary Shares and European Depositary Shares evidenced by such Receipt or Receipts and by any European Depositary Receipt or Receipts surrendered by the same holder at the same time.
This European Depositary Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this European Depositary Receipt shall bear the manual or facsimile signature of a duly authorized officer of the Depositary and shall have been countersigned in its name by the manual signature of a duly, authorized officer thereof.
The Company hereby agrees to take all reasonable action which shall at any time be deemed necessary in order to enable the Depositary to vote or cause to be voted the amount of Stock or other Deposited Securities represented by every American Depositary Receipt or European Depositary Receipt, the record holder or the holder of which, respectively, shall have properly instructed the Depositary as aforesaid, in accordance with such instructions.
This Receipt may be split into other Receipts or may be combined with other European Depositary Receipts into one European Depositary Receipt, evidencing the same aggregate number of European Depositary Shares as the Receipt or Receipts surrendered upon payment of any taxes and other charges contemplated by the last sentence of paragraph (10) hereof.
As of the Effective Date, definitions of the terms "Authorized Newspaper", "European Depositary Shares", "European Depositary Receipt", "Principal Office in London" and "Subdepositary" in Article 1 of the Original Deposit Agreement shall be deleted in their entirety from the Original Deposit Agreement.
Coupon from European Depositary Receipt No. SUBSCRIPTION RIGHTS: Offerings of rights to subscribe to additional underlying securities have been made under Japanese practice in substantial amounts, with a subscription price substantially below the current market price of the security.
Upon any distribution under Section 4.01, 4.02 or 4.03 or upon the offer of any rights under Section 4.04, the Depositary shall not be obliged to make any such distribution or to offer any such rights to a holder of a European Depositary Receipt except upon surrender of such coupon as it designates at the Principal Office in London or at the office of a Subdepositary.
The Company hereby agrees to take all reasonable action which shall at any time be deemed necessary in order to enable the Depositary to vote or cause to be voted the amount of Stock or other Deposited Securities represented by every American Depository Receipt or European Depositary Receipt, the record holder or the holder of which, respectively, shall have properly instructed the Depositary as aforesaid, in accordance with such instructions.