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

Amendment of Deposit Agreement and Receipts. The Receipts and the Deposit Agreement may be amended by agreement between the Company and the Depositary without the consent of Holders. Any amendment that shall impose or increase any fees or charges (other than the fees and charges listed in clauses (i) through (iv) of paragraph 8) or that shall otherwise prejudice any substantial existing right of Holders shall not, however, become effective as to outstanding Receipts until the expiration of 30 days after notice of such amendment shall have been given to the Holders. Every Holder at the expiration of such 30 days shall be deemed by holding such Receipt to consent and agree to such amendment and to be bound by the Deposit Agreement or the Receipt as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender this Receipt and receive therefor the Deposited Securities represented hereby, except in order to comply with mandatory provisions of applicable law.

Appears in 3 contracts

Samples: Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary), Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary), Deposit Agreement (Bp PLC)

AutoNDA by SimpleDocs

Amendment of Deposit Agreement and Receipts. The Receipts This Receipt and the Deposit Agreement may at any time and from time to time be amended by agreement Agreement between the Company and the Depositary without the consent of HoldersDepositary. Any amendment that which shall impose or increase any fees or charges (other than the fees and charges listed in clauses (i) through (iv) of paragraph 8) taxes or that other governmental charges), or which shall otherwise prejudice any substantial existing right of Holders shall not, however, become effective as to outstanding Receipts until the expiration of 30 days after notice of such amendment shall have been given to the HoldersHolders of outstanding Receipts. Every Holder and Beneficial Owner at the expiration of such 30 days time any amendment so becomes effective shall be deemed deemed, by holding such continuing to hold any Receipt or to own any beneficial interest herein, to consent and agree to such amendment and to be bound by the Deposit Agreement or the Receipt as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender this such Receipt and receive therefor the Deposited Securities represented herebythereby, except in order to comply with mandatory provisions of applicable law.

Appears in 3 contracts

Samples: Deposit Agreement (Sk Telecom Co LTD), Deposit Agreement (Kt Corp), Deposit Agreement (Kt Corp)

AutoNDA by SimpleDocs

Amendment of Deposit Agreement and Receipts. The Receipts and the Deposit Agreement may be amended by agreement between the Company and the Depositary without the consent of HoldersDepositary. Any amendment that shall impose or increase any fees or charges (other than the fees and charges listed in clauses (i) through (iv) of paragraph 8) (8)) or that shall otherwise prejudice any substantial existing right of Holders Holders, shall not, however, become effective as to outstanding Receipts until the expiration of 30 days after notice of such amendment shall have been given to the Holders. Every Holder at the expiration of such 30 days shall be deemed by holding such Receipt to consent and agree to such amendment and to be bound by the Deposit Agreement or the Receipt as amended thereby. In no event shall any amendment impair the right of the Holder hereof to surrender this Receipt and receive therefor the Deposited Securities represented hereby, except in order to comply with mandatory provisions of applicable law.

Appears in 3 contracts

Samples: Deposit Agreement (Corimon C A), Deposit Agreement (Hong Kong & China Gas Company LTD /Fi), Deposit Agreement (Corimon C A)

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