Common use of Amendment of Deposit Agreement and Receipts Clause in Contracts

Amendment of Deposit Agreement and Receipts. The form of the Receipts and the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and the Depositary, without the consent of the Holders. Any amendment which shall impose or increase any fees or charges (other than taxes or other governmental charges) or which shall otherwise prejudice any substantial existing right of Holders, will not, however, become effective as to outstanding American Depositary Shares until the expiration of three months after notice of such amendment shall have been given to the Holders of outstanding American Depositary Shares except in order to comply with mandatory provisions of applicable law. Every Holder of American Depositary Shares at the time any amendment so becomes effective shall be deemed, by continuing to hold such American Depositary Shares, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender such American Depositary Shares and receive therefor the Deposited Securities represented by the American Depositary Shares evidenced hereby.

Appears in 4 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Alcatel Lucent)

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Amendment of Deposit Agreement and Receipts. The form of the Receipts and the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and the Depositary, without the consent of the Holders. Any amendment which shall impose or increase any fees or charges (other than the fees of the Depositary for the delivery of American Depositary Shares and taxes or other governmental charges) ), or which shall otherwise prejudice any substantial existing right of Holders, will shall not, however, become effective as to outstanding American Depositary Shares until the expiration of three months after notice of such amendment shall have been given to the Holders of outstanding American Depositary Shares except in order to comply with mandatory provisions of applicable lawShares. Every Holder of American Depositary Shares at the time any amendment so becomes effective shall be deemed, by continuing to hold such American Depositary Shares, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender such American Depositary Shares and receive therefor the Deposited Securities represented by the American Depositary Shares evidenced hereby.

Appears in 3 contracts

Samples: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (CRH Public LTD Co), Deposit Agreement (CRH Public LTD Co)

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Amendment of Deposit Agreement and Receipts. The form of the Receipts and the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and the Depositary, without the consent of the Holders. Any amendment which shall impose or increase any fees or charges (other than taxes or other governmental charges) or which shall otherwise prejudice any substantial existing right of HoldersHolders of Receipts, will not, however, become effective as to outstanding American Depositary Shares Receipts until the expiration of three months after notice of such amendment shall have been given to the Holders of outstanding American Depositary Shares Receipts except in order to comply with mandatory provisions of applicable law. Every Holder of American Depositary Shares a Receipt at the time any amendment so becomes effective shall be deemed, by continuing to hold such American Depositary SharesReceipt, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender such American Depositary Shares this Receipt and receive therefor the Deposited Securities represented by the American Depositary Shares evidenced hereby.

Appears in 3 contracts

Samples: Deposit Agreement (Alcatel), Deposit Agreement (Alcatel), Deposit Agreement (Alcatel)

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