ADR Facility Sample Clauses
POPULAR SAMPLE Copied 1 times
ADR Facility. The Company acknowledges and agrees that at Closing (a) the Subscribed Shares shall be deposited in the ADR Facility pursuant to the Deposit Agreement, (b) there shall be no costs to SAIF for the ADR Facility, except as expressly set out in the Deposit Agreement (c) the Subscribed Shares shall be held by the Depositary Bank under the Deposit Agreement; and (d) SAIF holds the beneficial title to the Subscribed Shares and the legal title to the Subscribed ADSs.
ADR Facility. Parent shall have established the ADR Facility in accordance with Section 5.16.
ADR Facility. So long as the Purchaser or its Affiliates hold in the aggregate at least 5% of the Company's ordinary shares, the Company shall maintain in full force and effect its current Deposit Agreement between the Company and The Bank of New York as depositary with respect to its ADR facility, and shall ensure that the Purchaser and its Affiliates shall have the right to exchange their ordinary shares for ADSs in accordance therewith or shall, at the Purchaser's request, enter into an alternate agreement with another depositary on terms and conditions reasonably satisfactory to the Purchaser and the Company to permit such conversion, in each case at the Company's expense. During such time period, the Company shall use its best efforts to maintain the listing of the Company's ADRs on the New York Stock Exchange (the "NYSE") and maintain the listing of its ordinary shares on the Premier Marche of the Paris Bourse and shall file with the NYSE and the Paris Bourse all documents and notices required by either the NYSE or the Paris Bourse of companies whose securities are traded thereon.
ADR Facility. At any time that any of the Registrable Securities owned by any Original Shareholder are listed on a United States securities exchange or quoted on an inter-dealer quotation system in the United States in the form of ADRs, the Company shall ensure that there are available for issuance a sufficient number of such ADRs to represent all such Registrable Securities issuance upon the deposit therefore under the applicable ADR facilities and such ADRs are registered under the Securities Act.