Common use of Cancellation and Destruction of Surrendered Receipts Clause in Contracts

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reduced.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law Cancelled Receipts shall not be entitled to any benefits under this Deposit Agreement or regulationbe valid or enforceable for any purpose, and the Depositary is authorized, but not required, to shall destroy Receipts so canceled and inform the Company. The Depositary shall keep such records of all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount outstanding, and of Depositary Shares evidenced by the DTC Receipt to be reducedtheir payment, cancellation and destruction, as are required under applicable stock transfer rules.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s 's Agent shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, authorized to destroy all Receipts so canceledcancelled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to cancelled when the Depositary has caused the amount of Depositary Shares evidenced by the DTC Receipt to be reducedreduced in proportion to the number of Depositary Shares evidenced by the surrendered Receipt.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent Agent, including Receipts surrendered in connection with any conversion of the Mandatory Convertible Preferred Stock into Common Stock in accordance with the Certificate of Incorporation, shall be canceled cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reducedcancelled.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, authorized to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to when the Depositary has caused the amount of Depositary Shares evidenced by the DTC Receipt to be reducedreduced in proportion to the number of Depositary Shares evidenced by the surrendered Receipt.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s 's Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, authorized to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to the amount of Depositary Shares evidenced by the DTC Receipt to be reduced.

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary’s 's Agent shall be canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary is authorized, but not required, authorized to destroy all Receipts so canceled. Any Receipt evidenced in book-entry form shall be deemed canceled in proportion to when the Depositary has caused the amount of Depositary Shares evidenced by the DTC Receipt to be reducedreduced in proportion to the number of Depositary Shares evidenced by the surrendered Receipt.