Common use of Depositary Receipts Clause in Contracts

Depositary Receipts. Upon receipt of proper instructions, to instruct a Secondary Subcustodian or an Agent to surrender securities to the depositary used by an issuer of American Depositary Receipts or International Depositary Receipts (hereinafter collectively referred to as "ADRs") for such securities against a written receipt therefor adequately describing such securities and written evidence satisfactory to the Secondary Subcustodians or Agent that the depositary has acknowledged receipt of instructions to issue with respect to such securities ADRs in the name of the Subcustodian, or a nominee of the Subcustodian, for delivery to the Subcustodian in Boston, Massachusetts, or at such other place as the Subcustodian may from time to time designate. Upon receipt of proper instructions, to surrender ADRs to the issuer thereof against a written receipt therefor adequately