Common use of Deposit of Stock Clause in Contracts

Deposit of Stock. Subject to the terms and conditions of this Deposit Agreement, Stock may be deposited by delivery thereof to the Custodian, accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and together with a written order directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority or body in Sweden, if any, which is then performing the function of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon or in respect of such deposited Stock, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any holder of Stock, and for the account of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to the Custodian for deposit hereunder. Upon each delivery to the Custodian of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specified, the Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in the name of the Depositary or its nominee, or the Custodian or its nominee. Deposited Stock shall be held by the Depositary, or by the Custodian for the account and to the order of the Depositary, or at such other place or places as the Depositary shall determine.

Appears in 1 contract

Samples: Deposit Agreement (Aktiebolaget Electrolux)

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Deposit of Stock. Execution and Delivery of Receipts in ------------------------------------------------------- Respect Thereof. --------------- Subject to the terms and conditions of this Deposit Agreement, the Company may from time to time deposit shares of Stock may be deposited under this Deposit Agreement by delivery thereof to the CustodianDepositary of a certificate or certificates for the stock to be deposited, accompanied properly endorsed or accompanied, if required by any appropriate the Depositary, by a duly executed instrument or instruments of transfer, transfer or endorsement, in form satisfactory to the CustodianDepositary, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and together with a written order of the Company directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Stock shall be accepted for deposit unless accompanied by evidence satisfactory relating to the Depositary that any necessary approval has been granted by the governmental authority or body in Sweden, if any, which is then performing the function of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon or in respect of such deposited Stock, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any holder of Stock, and for the account of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to the Custodian for deposit hereunder. Upon each delivery to the Custodian of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specified, the Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in the name of the Depositary or its nominee, or the Custodian or its nominee. Deposited Stock shall be held by the Depositary, or by the Custodian for the account and to the order of Depositary at the Depositary, 's Office or at such other place or places as the Depositary shall determine.. Upon receipt by the Depositary of a certificate or certificates for Stock deposited in accordance with the provisions of this Section, together with the other documents required as above specified, and upon recordation of the Stock so deposited on the books of the Company in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver to or upon the order of the person or persons named in the written order delivered to the Depositary referred to in the first paragraph of this Section, a Receipt or Receipts for the number of Depositary Shares relating to the Stock so deposited and registered in such name or names as may be requested by such person or persons. The Depositary shall execute and deliver such Receipt or Receipts at the Depositary's Office or such other offices, if any, as the Depositary may designate if requested by any such person or

Appears in 1 contract

Samples: Deposit Agreement (Health Care Property Investors Inc)

Deposit of Stock. Subject to In connection with the terms and conditions deposit of this Deposit AgreementStock hereunder, Stock may be deposited by delivery thereof to the Custodian, accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian may require the following in accordance with the provisions of this Deposit Agreement, and together with form satisfactory to it: (a) a written order directing the Depositary to execute and deliver issue to, or upon the written order of, the person or persons stated designated in such order a Receipt Direct Registration ADR or Receipts for ADRs evidencing the number of American Depositary Shares ADSs representing such deposit. No deposited Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority (a "Delivery Order"); (b) proper endorsements or body duly executed instruments of transfer in Sweden, if any, which is then performing the function respect of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company such deposited Stock; (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPCc) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer instruments assigning to the Custodian of or its nominee any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon distribution on or in respect of such deposited Stock, Stock or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request therefor; and risk and expense of any holder of Stock, and for the account of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to (d) proxies entitling the Custodian for deposit hereunderto vote such deposited Stock. Upon each delivery to As soon as practicable after the Custodian receives Deposited Securities pursuant to any such deposit or pursuant to paragraph (10) or (13) of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specifiedform of ADR, the Custodian shall, as soon as transfer and recordation can be accomplished, shall present such certificate or certificates to the Company (or the appointed agent of the Company Deposited Securities for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in into the name of the Depositary or its nominee, or the Custodian or its nominee, to the extent such registration is practicable, at the cost and expense of the person making such deposit (or for whose benefit such deposit is made) and shall obtain evidence satisfactory to it of such registration. Deposited Stock Securities shall be held by the Depositary, or by the Custodian for the account and to the order of the Depositary, or Depositary at such other place or places and in such manner as the Depositary shall determine. Deposited Securities may be delivered by the Custodian to any person only under the circumstances expressly contemplated in this Deposit Agreement. Stock may be deposited hereunder by electronic book-entry means, together with delivery of the documents, payments and Delivery Order referred to herein to the Custodian or the Depositary. Stock may also be deposited hereunder in connection with the delivery of ADRs to represent distributions referred to in paragraph (10) of the form of ADR or upon exercise of the Rights referred to in paragraph (10) of the form of ADR; provided, however, that in such event if by operation of applicable provisions of the Japanese Commercial Code no certificate for any number of Stock issued upon such distribution or upon such exercise is issuable, such number of Stock which would form a part of the Deposited Securities in respect of the ADRs to be delivered pursuant to paragraph (10) of the form of ADR shall be deemed to be deposited hereunder without delivery of such certificate to the Custodian if such Stock is registered in the name of the Depositary or its nominee on the books of the Company at the time of the issue of such Stock.

Appears in 1 contract

Samples: Deposit Agreement (Canon Inc)

Deposit of Stock. Execution and Delivery of Receipts in ------------------------------------------------------- Respect Thereof. Subject to the terms and conditions of this Deposit Agreement, --------------- the Company or any holder of Stock may be deposited from time to time deposit shares of the Stock under this Deposit Agreement by delivery thereof to the CustodianDepositary of a certificate or certificates for the Stock to be deposited, accompanied properly endorsed or accompanied, if required by any appropriate law or the Depositary, by a duly executed instrument or instruments of transfer, transfer or endorsement, in form satisfactory to the CustodianDepositary, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and together with a written order of the Company or such holder, as the case may be, directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority or body in Sweden, if any, which is then performing the function of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon or in respect of such deposited Stock, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any holder of Stock, and for the account of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to the Custodian for deposit hereunder. Upon each delivery to the Custodian of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specified, the Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in the name of the Depositary or its nominee, or the Custodian or its nominee. Deposited Stock shall be held by the Depositary, or by the Custodian for the account and to the order of Depositary at the Depositary, 's Office or at such other place or places as the Depositary shall determine. Upon receipt by the Depositary of a certificate or certificates for Stock deposited in accordance with the provisions of this Section, together with the other documents required as above specified, and upon recordation of the Stock on the books of the Company in the name of the Depositary or its nominee, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver, to or upon the order of the Company or a holder of Stock depositing shares of Stock in accordance with the first paragraph of this Section, a Receipt or Receipts for the number of Depositary Shares representing the Stock so deposited and registered in such name or names as may be requested by the Company or such holder. The Depositary shall execute and deliver such Receipt or Receipts at the Depositary's Office or such other offices, if any, as the Depositary may designate. Delivery at other offices shall be at the risk and expense of the person requesting such delivery. The DTC Receipt shall provide that it shall evidence the aggregate number of Depositary Shares from time to time indicated in the records of the Depositary and that the aggregate number of Depositary Shares evidenced thereby may from time to time be increased or decreased by making adjustments on such records of the Depositary. Other than in the case of splits, combinations or other reclassifications affecting the Stock, or in the case of dividends or other distributions of Stock, if any, there shall be deposited hereunder not more than 325,000 shares of Stock.

Appears in 1 contract

Samples: Deposit Agreement (Omnipoint Corp \De\)

Deposit of Stock. Subject to the terms and conditions of this Deposit Agreement, Stock or evidence of rights to receive Stock may be deposited by delivery thereof to the Custodian, Custodian accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and together with a written order directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority or body in Swedenthe Republic of Ireland, if any, which is then performing the function of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon or in respect of such deposited Stock, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any holder of Stock, and for the account amountaccount of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to the Custodian for deposit hereunder. Upon each delivery to the Custodian of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specified, the Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in the name of the Depositary or its nominee, or the Custodian or its nominee. Deposited Stock shall be held by the Depositary, Depositary or by the Custodian for the account and to the order of the Depositary, or at such other place or places as the Depositary shall determine.

Appears in 1 contract

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

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Deposit of Stock. Subject to In connection with the terms and conditions deposit of this Deposit AgreementStock hereunder, Stock may be deposited by delivery thereof to the Custodian, accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian may require the following in accordance with the provisions of this Deposit Agreement, and together with a form satisfactory to it: (a) a written order directing the Depositary to execute and deliver issue to, or upon the written order of, the person or persons stated designated in such order a Receipt Direct Registration ADR or Receipts for ADRs evidencing the number of American Depositary Shares ADSs representing such deposit. No deposited Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority (a "Delivery Order"); (b) proper endorsements or body duly executed instruments of transfer in Sweden, if any, which is then performing the function respect of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company such deposited Stock; (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPCc) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory instruments assigning to the Depositary, which will provide for the prompt transfer to the Custodian or a nominee of either any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon distribution on or in respect of such deposited Stock, Stock or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request therefor; and risk and expense of any holder of Stock, and for the account of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to (d) proxies entitling the Custodian for deposit hereunderto vote such deposited Stock. Upon each delivery to As soon as practicable after the Custodian receives Deposited Securities pursuant to any such deposit or pursuant to paragraph (10) or (13) of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specifiedform of ADR, the Custodian shall, as soon as transfer and recordation can be accomplished, shall present such certificate or certificates to the Company (or the appointed agent of the Company Deposited Securities for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in into the name of the Depositary or its nomineeDepositary, or the Custodian or its nomineea nominee of either, to the extent such registration is practicable, at the cost and expense of the person making such deposit (or for whose benefit such deposit is made) and shall obtain evidence satisfactory to it of such registration. Deposited Stock Securities shall be held by the Depositary, or by the Custodian for the account and to the order of the Depositary, or Depositary for the benefit of Holders of ADRs (to the extent not prohibited by law) at such other place or places and in such manner as the Depositary shall determine. Deposited Securities may be delivered by the Custodian to any person only under the circumstances expressly contemplated in this Deposit Agreement. To the extent that the provisions of or governing the Shares make delivery of certificates therefor impracticable, Shares may be deposited hereunder by such delivery thereof as the Depositary or the Custodian may reasonably accept, including, without limitation, by causing them to be credited to an account maintained by the Custodian for such purpose with the Company or an accredited intermediary, such as a bank, acting as a registrar for the Shares, together with delivery of the documents, payments and Delivery Order referred to herein to the Custodian or the Depositary.

Appears in 1 contract

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

Deposit of Stock. Subject to the terms and conditions of this Deposit Agreement, Stock or evidence of rights to receive Stock may be deposited by delivery thereof to the Custodian, Custodian accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications as may be required by the Depositary or the Custodian in accordance with the provisions of this Deposit Agreement, and together with a written order directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Receipt or Receipts for the number of American Depositary Shares representing such deposit. No Stock shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that any necessary approval has been granted by the governmental authority or body in Swedenthe Republic of Ireland, if any, which is then performing the function of the regulation of currency exchange. If required by the Depositary, Stock presented for deposit at any time, whether or not the transfer books of the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC) are closed, shall also be accompanied by an agreement or assignment, or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Stock or to receive other property which any person in whose name the Stock is or has been recorded may thereafter receive upon or in respect of such deposited Stock, or in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. At the request and risk and expense of any holder of Stock, and for the account amount of such holder, the Depositary may receive certificates for Stock to be deposited, together with the other instruments herein specified, for the purpose of forwarding such certificates to the Custodian for deposit hereunder. Upon each delivery to the Custodian of a certificate or certificates for Stock to be deposited hereunder, together with the other documents above specified, the Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the Company (or the appointed agent of the Company for transfer and registration of Stock, which may, but need not be, the VPC), for transfer and recordation of the Stock being deposited in the name of the Depositary or its nominee, or the Custodian or its nominee. Deposited Stock shall be held by the Depositary, Depositary or by the Custodian for the account and to the order of the Depositary, or at such other place or places as the Depositary shall determine.

Appears in 1 contract

Samples: Deposit Agreement (Elan Corp PLC)

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