Common use of Acceptance of Subscriptions Clause in Contracts

Acceptance of Subscriptions. 1. The Rights Agent is hereby authorized and directed to receive subscriptions for ADSs on behalf of the Company throughout the Subscription Period. Any funds that the Rights Agent receives during the Subscription Period from Owners in respect of payments for ADSs shall be deposited in an interest bearing account at the Rights Agent that the Rights Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereof. As promptly as practicable after the Rights Agent receives each Owner's Instruction, the Rights Agent shall determine whether the Owner sending such Owner's Instruction has properly completed and executed such forms and has submitted the correct payment for the ADSs. If such form is not properly completed, is unexecuted or, if such Owner did not send the correct payment amount then the Rights Agent will send a notice to such Owner instructing such Owner to amend its Owner's Instruction or submit the proper payment amount, as the case may be. Except as otherwise set forth in this Article IV, if such Owner does not amend its Owner's Instruction or submit the proper payment amount, as the case may be, by the Expiration Date, such Owner's right to purchase ADSs in the Rights Offer shall be deemed to be unexercised. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's Instructions shall be deemed to be properly completed:

Appears in 1 contract

Samples: Form of Rights Agency Agreement (Gol Intelligent Airlines Inc.)

AutoNDA by SimpleDocs

Acceptance of Subscriptions. 14.1. The ADS Rights Agent is hereby authorized and directed to receive subscriptions for New ADSs on behalf of the Company throughout the Subscription Period. Holders shall make payment to the ADS Rights Agent of the Deposit Amount in U.S. dollars. Such payment must be received by the ADS Rights Agent no later than 5:00 p.m., New York time, on the Expiration Date. Any funds that the ADS Rights Agent receives during the Subscription Period from Owners Holders in respect of payments for New ADSs shall be deposited in an interest bearing account at the ADS Rights Agent that the ADS Rights Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereofSection 6.2. As promptly as practicable after the ADS Rights Agent receives each Owner's InstructionSubscription Form, the ADS Rights Agent shall determine whether the Owner Holder sending such Owner's Instruction Subscription Form has properly completed and executed such forms form and has submitted the correct payment Deposit Amount for the New ADSs. If such form is not properly completed, is unexecuted or, or if such Owner Holder did not send the correct payment amount Deposit Amount, then the ADS Rights Agent will send a notice to such Owner instructing Holder requesting such Owner Holder to amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be. Except as otherwise set forth in this Article IV, if If such Owner Holder does not amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be, by the Expiration Date, such Owner's Holder’s right to purchase New ADSs in the ADS Rights Offer shall be deemed to be unexercisedunexercised and the ADS Rights Agent shall promptly refund the amount deposited to such Holder. The ADS Rights Agent will require that payment of the Deposit Amount be in the form of a certified or official bank check, money order or wire transfer. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's Instructions Subscription Forms shall be deemed to be properly completed:

Appears in 1 contract

Samples: Rights Agency Agreement (Genesys Sa)

Acceptance of Subscriptions. 14.1. The ADS Rights Agent is hereby authorized and directed to receive subscriptions for New ADSs relating to newly issued Shares on behalf of the Company throughout the Subscription Period. Record Owners shall make payment to the ADS Rights Agent of the Deposit Amount in U.S. dollars. Such payment must be received by the ADS Rights Agent no later than 5:00 p.m., New York time, on the Expiration Date. Any funds that the ADS Rights Agent receives during the Subscription Period from Record Owners in respect of payments for New ADSs shall be deposited in an interest bearing account at the ADS Rights Agent that the ADS Rights Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereofSection 6.2. As promptly as practicable after the ADS Rights Agent receives each Owner's InstructionSubscription Form, the ADS Rights Agent shall determine whether the Record Owner sending such Owner's Instruction Subscription Form has properly completed and executed such forms form and has submitted the correct payment Deposit Amount for the New ADSs. If such form is not properly completed, is unexecuted or, or if such Record Owner did not send the correct payment amount Deposit Amount, then the ADS Rights Agent will send a notice to such Record Owner instructing requesting such Record Owner to amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be. Except as otherwise set forth in this Article IVbelow, if such Record Owner does not amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be, by the Expiration Date, such Record Owner's ’s right to purchase New ADSs in the ADS Rights Offer shall be deemed to be unexercisedunexercised and the ADS Rights Agent shall promptly refund the amount deposited to such Record Owner. The ADS Rights Agent will require that payment of the Deposit Amount be in the form of a certified or official bank check, money order or wire transfer. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's Instructions Subscription Forms shall be deemed to be properly completed:

Appears in 1 contract

Samples: Rights Agency Agreement (Lan Airlines SA)

Acceptance of Subscriptions. 1. 4.1 The ADS Rights Agent is hereby authorized and directed to receive subscriptions for New ADSs relating to newly issued Shares and treasury Shares on behalf of the Company throughout the Subscription Period. Record Owners shall make payment to the ADS Rights Agent of the Deposit Amount in U.S. dollars. Such payment must be received by the ADS Rights Agent no later than 5:00 p.m., New York time, on the Expiration Date. Any funds that the ADS Rights Agent receives during the Subscription Period from Record Owners in respect of payments for New ADSs shall be deposited in an interest bearing account at the ADS Rights Agent that the ADS Rights Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereofSection 6.2. As promptly as practicable after the ADS Rights Agent receives each Owner's InstructionSubscription Form, the ADS Rights Agent shall determine whether the Record Owner sending such Owner's Instruction Subscription Form has properly completed and executed such forms form and has submitted the correct payment Deposit Amount for the New ADSs. If such form is not properly completed, is unexecuted or, or if such Record Owner did not send the correct payment amount Deposit Amount, then the ADS Rights Agent will send a notice to such Record Owner instructing requesting such Record Owner to amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be. Except as otherwise set forth in this Article IV, if If such Record Owner does not amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be, by the Expiration Date, such Record Owner's ’s right to purchase New ADSs in the ADS Rights Offer shall be deemed to be unexercisedunexercised and the ADS Rights Agent shall promptly refund the amount deposited to such Record Owner. The ADS Rights Agent will require that payment of the Deposit Amount be in the form of a certified or official bank check, money order or wire transfer. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's Instructions Subscription Forms shall be deemed to be properly completed:

Appears in 1 contract

Samples: Rights Agency Agreement (Masisa S.A.)

Acceptance of Subscriptions. 14.1. The Rights ADS Warrant Agent is hereby authorized and directed to receive subscriptions for New ADSs on behalf of the Company throughout the Subscription Period. Holders shall make payment to the ADS Warrant Agent of the Deposit Amount in U.S. dollars. Such payment must be received by the ADS Warrant Agent no later than 5:00 p.m., New York time, on the Expiration Date. Any funds that the Rights ADS Warrant Agent receives during the Subscription Period from Owners Holders in respect of payments for New ADSs shall be deposited in an interest bearing account at the Rights ADS Warrant Agent that the Rights ADS Warrant Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereofSection 6.2. As promptly as practicable after the Rights ADS Warrant Agent receives each Owner's InstructionSubscription Form, the Rights ADS Warrant Agent shall determine whether the Owner Holder sending such Owner's Instruction Subscription Form has properly completed and executed such forms form and has submitted the correct payment Deposit Amount for the New ADSs. If such form is not properly completed, is unexecuted or, or if such Owner Holder did not send the correct payment amount Deposit Amount, then the Rights ADS Warrant Agent will send a notice to such Owner instructing Holder requesting such Owner Holder to amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be. Except as otherwise set forth in this Article IV, if If such Owner Holder does not amend correct its Owner's Instruction Subscription Form or submit the proper payment amountDeposit Amount, as the case may be, by the Expiration Date, such Owner's Holder’s right to purchase New ADSs in the Rights ADS Warrants Offer shall be deemed to be unexercisedunexercised and the ADS Warrant Agent shall promptly refund the amount deposited to such Holder. The ADS Warrant Agent will require that payment of the Deposit Amount be in the form of a certified or official bank check, money order or wire transfer. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's Instructions Subscription Forms shall be deemed to be properly completed:

Appears in 1 contract

Samples: Form of Warrant Agency Agreement (Genesys Sa)

AutoNDA by SimpleDocs

Acceptance of Subscriptions. 1. The Rights Agent is hereby authorized and directed to receive subscriptions for ADSs on behalf of the Company throughout the Subscription Period. Any funds that the Rights Agent receives during the Subscription Period from Owners in respect of payments for ADSs shall be deposited in an interest bearing account at the Rights Agent that the Rights Agent designates solely for such purpose (the "Deposit Account") and such ”). Such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereof. As promptly as practicable after the Rights Agent receives each Owner's ’s Instruction, the Rights Agent shall determine whether the Owner sending such Owner's ’s Instruction has properly completed and executed such forms and has submitted the correct payment for the ADSs. If such form is not properly completed, is unexecuted or, if such Owner did not send the correct payment amount then the Rights Agent will send a notice to such Owner instructing such Owner to amend its Owner's ’s Instruction or submit the proper payment amount, as the case may be. Except as otherwise set forth in this Article IVparagraph 3 below, if such Owner does not amend its Owner's ’s Instruction or submit the proper payment amount, as the case may be, by the Expiration Date, such Owner's ’s right to purchase ADSs in the Rights Offer shall be deemed to be unexercised. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following Owner's ’s Instructions shall be deemed to be properly completed:

Appears in 1 contract

Samples: Rights Agency Agreement (Coca Cola Femsa Sa De Cv)

Acceptance of Subscriptions. 1. The Rights Agent is hereby authorized and directed to receive subscriptions for ADSs Common Stock on behalf of the Company throughout the Subscription Period. Any funds that the Rights Agent receives during the Subscription Period from Owners Holders in respect of payments for ADSs Common Stock shall be deposited in an interest bearing account at the Rights Agent that the Rights Agent designates solely for such purpose (the "Deposit Account") and such funds shall remain in the Deposit Account until they are distributed to the Company in accordance with Article VI, paragraph 1 hereof. As promptly as practicable after the Rights Agent receives each OwnerHolder's Instruction, the Rights Agent shall determine whether the Owner Holder sending such OwnerHolder's Instruction has properly completed and executed such forms and will confirm with the Company that the Holder has submitted the correct payment for the ADSsCommon Stock. If such form is not properly completed, is unexecuted or, if such Owner Holder did not send the correct payment amount then the Rights Agent will send a notice to such Owner Holder instructing such Owner Holder to amend its OwnerHolder's Instruction or submit the proper payment amount, as the case may be. Except as otherwise set forth in paragraph 3 of this Article IV, if such Owner Holder does not amend its OwnerHolder's Instruction or submit the proper payment amount, as the case may be, by the Expiration Date, such OwnerHolder's right to purchase ADSs Common Stock in the Rights Offer shall be deemed to be unexercised. Notwithstanding the foregoing, without further authorization from the Company, except where otherwise specified or as otherwise notified in writing by the Company prior to the Expiration Date, the following OwnerHolder's Instructions shall be deemed to be properly completed:

Appears in 1 contract

Samples: Rights Agency Agreement (Gladstone Investment Corporation\de)

Time is Money Join Law Insider Premium to draft better contracts faster.