Surrender of ADSs and Withdrawal of Deposited Securities definition

Surrender of ADSs and Withdrawal of Deposited Securities. The Owner of ADSs shall be entitled to Delivery (at the Custodian’s designated office) of the Deposited Securities at the time represented by the ADSs upon satisfaction of each of the following conditions: (i) the Owner (or a duly-authorized attorney of the Owner) has duly Delivered ADSs to the Depositary at its Principal Office (and if applicable, the ADRs evidencing such ADSs) for the purpose of withdrawal of the Deposited Securities represented thereby, (ii) if applicable and so required by the Depositary, the ADRs Delivered to the Depositary for such purpose have been properly endorsed in blank or are accompanied by proper instruments of transfer in blank (including signature guarantees in accordance with standard securities industry practice), (iii) if so required by the Depositary, the Owner of the ADSs has executed and delivered to the Depositary a written order directing the Depositary to cause the Deposited Securities being withdrawn to be Delivered to or upon the written order of the person(s) designated in such order, and (iv) all applicable fees and charges of, and expenses incurred by, the Depositary and all applicable taxes and governmental charges (as are set forth in Section 5.09 of, and Exhibit B to, the Deposit Agreement) have been paid, subject, however, in each case, to the terms and conditions of the ADRs evidencing the surrendered ADSs, of the Deposit Agreement, of the Company’s Charter and of any applicable laws and the rules of the Russian Central Securities Depository, and to any provisions of or governing the Deposited Securities, in each case as in effect at the time thereof. Upon satisfaction of each of the conditions specified above, the Depositary (i) shall cancel the ADSs Delivered to it (and, if applicable, the ADR(s) evidencing the ADSs so Delivered), (ii) shall direct the Registrar to record the cancellation of the ADSs so Delivered, and (iii) shall direct the Custodian to Deliver, or cause the Delivery of, in each case, without unreasonable delay, the Deposited Securities represented by the ADSs so canceled together with any certificate or other document of title for the Deposited Securities, or evidence of the electronic transfer thereof (if available), as the case may be, to or upon the written order of the person(s) designated in the order delivered to the Depositary for such purpose, subject however, in each case, to the terms and conditions of the Deposit Agreement, of the ADRs evidencing the ADSs so canceled, of the...
Sample 1

Examples of Surrender of ADSs and Withdrawal of Deposited Securities in a sentence

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 7 Section 2.1 Appointment of Depositary 7 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 9 Section 2.4 Registration and Safekeeping of Deposited Securities 11 Section 2.5 Issuance of ADSs 11 Section 2.6 Transfer, Combination and Split-up of ADRs 12 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 13 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 6 Section 2.1 Appointment of Depositary 6 Section 2.2 Form and Transferability of ADSs 6 Section 2.3 Deposit of Shares 8 Section 2.4 Registration and Safekeeping of Deposited Securities 10 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-up of ADRs 11 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 12 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • Premium Income Limits PMD will consider all business plans that propose to include Financial Guarantee insurance, in any of the above classes, individually.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 6 Section 2.1 Appointment of Depositary 6 Section 2.2 Form and Transferability of ADSs 6 Section 2.3 Deposit of Shares 8 Section 2.4 Registration and Safekeeping of Deposited Securities 9 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-up of ADRs 10 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 11 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 9 Section 2.1 Appointment of Depositary 9 Section 2.2 Form and Transferability of ADSs 9 Section 2.3 Deposit of Shares 11 Section 2.4 Registration and Safekeeping of Deposited Securities 13 Section 2.5 Issuance of ADSs 13 Section 2.6 Transfer, Combination and Split-up of ADRs 14 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 15 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 7 Section 2.1 Appointment of Depositary 7 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 9 Section 2.4 Registration and Safekeeping of Deposited Securities 10 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-up of ADRs 11 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 12 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 8 Section 2.1 Appointment of Depositary 8 Section 2.2 Form and Transferability of ADSs 8 Section 2.3 Deposit of Shares 10 Section 2.4 Registration and Safekeeping of Deposited Securities 11 Section 2.5 Issuance of ADSs 12 Section 2.6 Transfer, Combination and Split-up of ADRs 12 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 13 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 6 Section 2.1 Appointment of Depositary 6 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 8 Section 2.4 Registration and Safekeeping of Deposited Securities 9 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-Up of ADRs 11 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 11 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • DEPOSIT OF SHARES; EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS 6 Section 2.1 Appointment of Depositary 6 Section 2.2 Form and Transferability of ADSs 7 Section 2.3 Deposit of Shares 8 Section 2.4 Registration and Safekeeping of Deposited Securities 10 Section 2.5 Issuance of ADSs 10 Section 2.6 Transfer, Combination and Split-up of ADRs 11 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 12 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

  • TRANSFER AND SURRENDER OF ADSs 8 Section 2.1 Appointment of Depositary 8 Section 2.2 Form and Transferability of ADSs 8 Section 2.3 Deposit of Shares 10 Section 2.4 Registration and Safekeeping of Deposited Securities 11 Section 2.5 Issuance of ADSs 12 Section 2.6 Transfer, Combination and Split-up of ADRs 12 Section 2.7 Surrender of ADSs and Withdrawal of Deposited Securities 13 Section 2.8 Limitations on Execution and Delivery, Transfer, etc.

Related to Surrender of ADSs and Withdrawal of Deposited Securities

  • Deposited Securities as of any time shall mean Shares at such time deposited or deemed to be deposited under this Deposit Agreement, including without limitation, Shares that have not been successfully delivered upon surrender of American Depositary Shares, and any and all other securities, property and cash received by the Depositary or the Custodian in respect of Deposited Securities and at that time held under this Deposit Agreement.

  • Depositary Shares means the depositary shares, each representing a 1/1,000th interest in one share of the Preferred Stock, evidenced by a Receipt.

  • ADSs means the rights and interests in the Deposited Property (as hereinafter defined) granted to the Holders and Beneficial Owners pursuant to the terms and conditions of the Deposit Agreement and, if issued as Certificated ADS(s) (as hereinafter defined), the ADR(s) issued to evidence such ADSs. ADS(s) may be issued under the terms of the Deposit Agreement in the form of (a) Certificated ADS(s) (as hereinafter defined), in which case the ADS(s) are evidenced by ADR(s), or (b) Uncertificated ADS(s) (as hereinafter defined), in which case the ADS(s) are not evidenced by ADR(s) but are reflected on the direct registration system maintained by the Depositary for such purposes under the terms of Section 2.13. Unless otherwise specified in the Deposit Agreement or in any ADR, or unless the context otherwise requires, any reference to ADS(s) shall include Certificated ADS(s) and Uncertificated ADS(s), individually or collectively, as the context may require. Each ADS shall represent the right to receive, and to exercise the beneficial ownership interests in, the number of Shares specified in the form of ADR attached hereto as Exhibit A (as amended from time to time) that are on deposit with the Depositary and/or the Custodian, subject, in each case, to the terms and conditions of the Deposit Agreement and the applicable ADR (if issued as a Certificated ADS), until there shall occur a distribution upon Deposited Securities referred to in Section 4.2 or a change in Deposited Securities referred to in Section 4.11 with respect to which additional ADSs are not issued, and thereafter each ADS shall represent the right to receive, and to exercise the beneficial ownership interests in, the applicable Deposited Property on deposit with the Depositary and the Custodian determined in accordance with the terms of such Sections, subject, in each case, to the terms and conditions of the Deposit Agreement and the applicable ADR (if issued as a Certificated ADS). In addition, the ADS(s)-to-Share(s) ratio is subject to amendment as provided in Articles IV and VI of the Deposit Agreement (which may give rise to Depositary fees).

  • American Depositary Shares means the securities created under this Deposit Agreement representing rights with respect to the Deposited Securities. American Depositary Shares may be certificated securities evidenced by Receipts or uncertificated securities. The form of Receipt annexed as Exhibit A to this Deposit Agreement shall be the prospectus required under the Securities Act of 1933 for sales of both certificated and uncertificated American Depositary Shares. Except for those provisions of this Deposit Agreement that refer specifically to Receipts, all the provisions of this Deposit Agreement shall apply to both certificated and uncertificated American Depositary Shares. Each American Depositary Share shall represent the number of Shares specified in Exhibit A to this Deposit Agreement, except that, if there is a distribution upon Deposited Securities covered by Section 4.3, a change in Deposited Securities covered by Section 4.8 with respect to which additional American Depositary Shares are not delivered or a sale of Deposited Securities under Section 3.2 or 4.8, each American Depositary Share shall thereafter represent the amount of Shares or other Deposited Securities that are then on deposit per American Depositary Share after giving effect to that distribution, change or sale.

  • Class B Preferred Shares means class B preferred shares of Pembina;

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Class B Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Book-Entry Preferred Securities Certificates means a beneficial interest in the Preferred Securities Certificates, ownership and transfers of which shall be made through book entries by a Clearing Agency as described in Section 5.11.

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Trust Shares has the meaning ascribed thereto in Section 2.2.

  • Withdrawal certificate means a document known as a withdrawal of a certificate of noncompliance provided by the child support unit certifying that the certificate is withdrawn and that the board may proceed with issuance, reinstatement, or renewal of a license.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Book-Entry Preferred Security means a Preferred Security, the ownership and transfers of which shall be made through book entries by a Depositary.

  • Class A Preferred Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Class A Ordinary Shares shall have the meaning ascribed to it in Section 2.4(a).

  • Deposited Property means the Deposited Securities and any cash and other property held on deposit by the Depositary and the Custodian in respect of the ADSs under the terms of the Deposit Agreement, subject, in the case of cash, to the provisions of Section 4.8. All Deposited Property shall be held by the Custodian, the Depositary and their respective nominees for the benefit of the Holders and Beneficial Owners of the ADSs representing the Deposited Property. The Deposited Property is not intended to, and shall not, constitute proprietary assets of the Depositary, the Custodian or their nominees. Beneficial ownership in the Deposited Property is intended to be, and shall at all times during the term of the Deposit Agreement continue to be, vested in the Beneficial Owners of the ADSs representing the Deposited Property.

  • Book Entry Warrants means Warrants that are to be held only by or on behalf of the Depository;

  • Depositary Agreement The Letter of Representations, dated June 26, 2007 by and among DTC, the Trust and the Trustee. The Trustee is authorized to enter into the Depositary Agreement on behalf of the Trust.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which warrants shall be exercisable immediately and have a term of exercise equal to one year.

  • Exchangeable Share Provisions means the rights, privileges, restrictions and conditions attaching to the Exchangeable Shares;

  • Private Placement Shares shall have the meaning given in the Recitals hereto.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • A Ordinary Shares means the ‘A’ ordinary shares of £1.00 each in the capital of the Company;

  • Public Global Certificates A Global Certificate relating to a Class of Public Certificates.