Examples of Regulation S Master GDR in a sentence
The GDRs will upon issue be represented by interests in a Regulation S Master GDR, evidencing Regulation S GDRs, and by interests in a Rule 144A Master GDR, evidencing Rule 144A GDRs (as each such term is defined in the Deposit Agreement).
Payments of cash dividends and other amounts (including cash distributions) in respect of the GDRs represented by this Regulation S Master GDR will be made by the Depositary through Euroclear and Clearstream on behalf of persons entitled thereto upon receipt of funds therefor from the Company.
The Rule 144A GDRs will be evidenced initially by the Rule 144A Master GDR and the Regulation S GDRs will be evidenced initially by the Regulation S Master GDR and each such Master GDR will be issued pursuant to the Deposit Agreement.
See ‘‘Terms and Conditions of the Global Depositary Receipts—Depositary’s Fees, Costs and Expenses’’.Except in the limited circumstances described herein, definitive GDR certificates will not be issued to holders in exchange for interests in the GDRs represented by the Master GDRs. Subject to the terms of the Deposit Agreement, interests in the Regulation S Master GDR may be exchanged for interests in the corresponding number of GDRs represented by the Rule 144A Master GDR, and vice versa.
The GDSs will be evidenced by a Rule 144A Master GDR and a Regulation S Master GDR, in each case to be registered in the name of DTC or its nominee.
This Regulation S Master GDR shall be governed by and construed in accordance with English law.
This Regulation S Master GDR, and all non-contractual obligations arising from or connected with this Regulation S Master GDR, shall be governed by and construed in accordance with English law.
Each Attachment shall be annexed to the Regulation S Master GDR where the relevant Regulation S GDRs are represented by the Regulation S Master GDR, and to the relevant certificate, where the relevant Regulation S GDRs are in definitive form.
Any free distribution or rights issue of Shares to the Depositary on behalf of the Holders will result in the records of the Depositary being adjusted to reflect the enlarged number of GDRs represented by this Regulation S Master GDR.
Interests in Rule 144A GDRs represented by the Rule 144A Master GDR may be transferred to a person whose interest in such Rule 144A GDRs is subsequently represented by the Regulation S Master GDR only upon receipt by the Depositary of written certifications (in the forms provided in the Deposit Agreement) from the transferor and the transferee to the effect that such transfer is being made in accordance with Rule 903 or Rule 904 of Regulation S under the Securities Act.