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 cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelled.

Appears in 3 contracts

Samples: Deposit Agreement (Intermedia Communications of Florida Inc), Deposit Agreement (Intermedia Communications Inc), Deposit Agreement (Intermedia Communications of Florida Inc)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Except as prohibited Depositary and disposed of by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelledit in accordance with its customary procedures.

Appears in 2 contracts

Samples: Deposit Agreement (Six Flags Inc), Deposit Agreement (Six Flags Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be 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 shall, unless otherwise directed by the Company, hold on behalf of the Company such is authorized to destroy Receipts so cancelledcanceled. The Depositary shall keep such records of all Receipts outstanding, and of their payment, cancellation and destruction, as are required under applicable Stock Transfer Association rules.

Appears in 2 contracts

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

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, any cancelled receipts held by the Depositary shall, unless otherwise shall be delivered to the Company or disposed of as directed by the Company, hold on behalf of the Company such Receipts so cancelled.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (United Companies Financial Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's ’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, any cancelled Receipts held by the Depositary shall, unless otherwise shall be delivered to the Company or disposed of as directed by the Company, hold on behalf of the Company such Receipts so cancelled.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (RJF Capital Trust III)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary depositary or any Depositary's ’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company is authorized to destroy such Receipts so cancelled.

Appears in 2 contracts

Samples: Deposit Agreement (Bank of America Corp /De/), Deposit Agreement (Merrill Lynch & Co Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such is authorized to destroy all Receipts so cancelledcanceled.

Appears in 2 contracts

Samples: Deposit Agreement (Providian Financing Iv), Deposit Agreement (Ati Financing Ii)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by from time to time, deliver such cancelled Receipts to the Company, hold on behalf who will retain them in compliance with applicable regulations of the Company such Receipts so cancelledSecurities and Exchange Commission.

Appears in 1 contract

Samples: Deposit Agreement (Apache Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the DepositaryDepositary and returned to the Company. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such is authorized to destroy all Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Ual Corp /De/)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any of the Depositary's Agent Agents shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Sensormatic Electronics Corp)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such Trust is authorized to destroy all Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Town & Country Trust)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, The Depositary is authorized to turn over such cancelled Receipts to the Company unless the Company instructs the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company to destroy such Receipts so cancelled.Receipts. 7 8

Appears in 1 contract

Samples: Deposit Agreement (Nationsbank Corp)

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Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company is authorized to destroy such Receipts so cancelled.. Article III CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Agreement (New Plan Excel Realty Trust Inc)

Cancellation and Destruction of Surrendered Receipts. All ---------------------------------------------------- Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, The Depositary is authorized to turn over such cancelled Receipts to the Company unless the Company instructs the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company to destroy such Receipts so cancelledReceipts.

Appears in 1 contract

Samples: Deposit Agreement (Boatmens Bancshares Inc /Mo)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's ’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company is authorized to destroy such Receipts so cancelled.. Article III CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Deposit Agreement (CBL & Associates Properties Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the DepositaryDepositary and returned to the Company. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of regulation the Company may destroy such Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (National Energy Group Inc)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled canceled by the Depositary. Except as prohibited by applicable law or regulation, the Depositary shall, unless otherwise directed by the Company, hold on behalf of the Company such Receipts so cancelledcanceled.

Appears in 1 contract

Samples: Deposit Agreement (Worldcom Inc /MS/)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary or any Depositary's Agent shall be cancelled by the Depositary. Except as prohibited by applicable law or regulation, any cancelled Receipts held by the Depositary shall, unless otherwise shall be delivered to the Company or disposed of as directed by the Company, hold on behalf of the Company such Receipts so cancelled.

Appears in 1 contract

Samples: Deposit Agreement (Bank of America Corp /De/)

Cancellation and Destruction of Surrendered Receipts. All Receipts surrendered to the Depositary Registrar or any Depositary's Registrar’s Agent shall be cancelled by the Depositary. Except as prohibited by applicable law The Depositary shall retain or regulation, the Depositary shall, unless otherwise directed by return to the Company, hold on behalf of the Company such subject to any applicable law, all Receipts so cancelled.. CERTAIN OBLIGATIONS OF HOLDERS OF RECEIPTS AND THE COMPANY

Appears in 1 contract

Samples: Amendment and Ratification Agreement (Ico Inc)

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