Examples of Underlying ADSs in a sentence
ADRs evidencing the Firm ADSs, the Additional ADSs and the Underlying ADSs to be purchased hereunder shall be registered in such names and in such denominations as you shall request prior to 1:00 p.m., New York, New York time, not later than the Business Day preceding the Closing Date or an Additional Closing Date, as the case may be.
The ADRs evidencing the Firm ADSs, the Additional ADSs and the Underlying ADSs to be purchased hereunder shall be delivered to you by the Company on the Closing Date or the Additional Closing Date, as the case may be, against payment of the purchase price therefor by wire transfer of immediately available funds to an account or accounts specified in writing, on the Closing Date, or an Additional Closing Date, as the case may be.
The ADS Ordinary Shares, when the Underlying ADSs are issued and delivered against payment thereof and the terms of the Warrants, may be freely deposited by the Company with the Depositary against issuance of the Underlying ADSs being sold by the Company.
At the Closing, the Underlying ADSs are listed on the Nasdaq Global Market (the “Nasdaq”), and the Company has taken no action designed to, or likely to have the effect of, delisting the Underlying ADSs from the Nasdaq nor has the Company received any notification that the Nasdaq is contemplating terminating such listing.
There are no limitations on the rights of holders of Ordinary Shares, Offered Securities or ADRs evidencing the Offered ADSs and the Underlying ADSs to hold or vote or transfer their respective securities (except as described in the Registration Statement).
Withdrawal of Equity Shares Underlying ADSs: Establishing an Indian Brokerage Account.
If all or any portion of a Warrant is exercised at a time when there is an effective registration statement to cover the issuance of the Underlying ADSs or if the Warrant is exercised via cashless exercise at a time when such Underlying ADSs would be eligible for resale under Rule 144 by a non-affiliate of the Company, the Underlying ADSs issued pursuant to any such exercise shall be issued free of all restrictive legends.
The New Notes will be exchangeable into cash, American Depositary Shares (“ADSs”), each representing, as of the date hereof, one ordinary share of Parent, nominal value $0.01 per share (the “Ordinary Shares” and such ADSs into which the New Notes are exchangeable, the “Underlying ADSs”), or a combination of cash and Underlying ADSs, at the Company’s election.
On the date of exercise of any Warrants, the Company will obtain approval under AIM Listing Requirements for the admission of the ADS Ordinary Shares underlying the Underlying ADSs underlying such exercised Warrants.
The Offered ADSs and the Underlying ADSs have been approved for listing on the NASDAQ under the symbol “MTFB” and the ADS Warrants have been approved for listing on the NASDAQ under the symbol “MTFBW,” each subject to official notice of issuance.