Unrestricted ADS definition

Unrestricted ADS means, as of any date of determination, the Pledged ADS that are not Restricted ADS.
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Unrestricted ADS means an American Depositary Share representing a Share (with each Unrestricted ADS as at the Closing Date representing one Share).
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Examples of Unrestricted ADS in a sentence

  • For the avoidance of doubt, the Transfer is conditional upon the substantially concurrent deposit of the Unrestricted ADS on the Closing Date in such DTC-eligible brokerage account or accounts as are designated by Celgene Switzerland (or its specified designee) and shall be ineffective until the Unrestricted ADS have been deposited in such DTC-eligible brokerage account or accounts as are designated by Celgene Switzerland (or its specified designee) (the “Deposit”).

  • The Non-Affiliate Holder shall provide the Designated Unvested Unrestricted ADS Forfeiture Letter to the Company and the Depositary promptly after the date of the applicable Consent and Delivery Instruction in undated form executed by the Non-Affiliate Holder, complete with medallion guarantee endorsement(s).