Legal Prohibitions. Notwithstanding anything contained in this Deposit Agreement or any ADR to the contrary, the Depositary shall not have any obligation to take any action with respect to any meeting, or solicitation of consents or proxies, of holders of Deposited Securities if the taking of such action would violate U.S. laws. The Company agrees to take any and all actions reasonably necessary to enable Holders and Beneficial Owners to exercise the voting rights accruing to the Deposited Securities and to deliver to the Depositary, if requested by the Depositary, an opinion of U.S. counsel addressing any actions to be taken. There can be no assurance that Holders generally or any Holder in particular will receive the notice described above with sufficient time to enable the Holder to return voting instructions to the Depositary in a timely manner.
Legal Prohibitions. Notwithstanding anything else contained in this Agreement, the Depositary shall not have any obligation to take any action with respect to any meeting of holders of Shares or other Deposited Securities if the taking of such action violates U.S. laws. The Issuer agrees to take any and all actions reasonably necessary to enable Holders and Beneficial Owners to exercise the voting rights accruing to the Shares or other Deposited Securities and to deliver to the Depositary an opinion of Issuer's U.S. counsel addressing any actions requested to be taken if requested by the Depositary.
Legal Prohibitions. Notwithstanding anything contained in this Deposit Agreement or any ADR to the contrary, the Depositary shall not have any obligation to take any action with respect to any meeting, or solicitation of consents or proxies, of holders of Deposited Securities if the taking of such action would violate U.S. or Argentine laws. The Company agrees to take any and all actions reasonably necessary to enable Holders and Beneficial Owners to exercise the voting rights accruing to the Deposited Securities and to deliver to the Depositary, if requested by the Depositary, an opinion of counsel addressing any actions to be taken. There can be no assurance that Holders generally or any Holder in particular will receive the notice described above with sufficient time to enable the Holder to return voting instructions to the Depositary in a timely manner. The Company shall have no obligation and shall not be subject to any liability to any Holder in such case if the Company complied with its obligation to provide timely notice to the Depositary in accordance with this Section 4.10. Any shareholder (including the holders of Deposited Securities) of the Company who votes on any matter involving the Company in which the shareholder’s interests conflict with the interests of the Company may be liable under Argentine law for damages to the Company resulting from such shareholder’s vote, but only if the matter would not have been approved without the shareholder’s vote. In addition, under Argentine law, shareholders who vote in favor of a resolution that is subsequently declared void by a court as contrary to Argentine law, applicable Argentine regulations or the Articles of Association may be held jointly and severally liable for damages to the Company, other shareholders or third parties resulting from that resolution.
Legal Prohibitions. Notwithstanding anything contained in this Deposit Agreement or any ADR to the contrary, the Depositary shall not have any obligation to take any action with respect to any meeting, or solicitation of consents or proxies, of holders of Deposited Securities if the taking of such action would violate U.S. laws. The Company agrees to take any and all actions reasonably necessary to enable Holders and Beneficial Owners to exercise the voting rights accruing to the Deposited Securities. There can be no assurance that Holders generally or any Holder in particular will receive the notice described above with sufficient time to enable the Holder to return voting instructions to the Depositary in a timely manner.
Legal Prohibitions. In accordance with section XIX of article 106 of the Credit Institutions Law, and with the provisions issued by Banco de México, the Trustee represents that it has provided a clear and unequivocal explanation to the parties hereto, of the legal meaning and consequences of such article, which is hereby transcribed for all pertinent purposes:
Legal Prohibitions. The overtime provisions in this letter shall not apply in any instance in which they would make it impossible to run an operation without violating a federal, or provincial law. Yours truly, Autoliv Electronics Canada, Inc. Xxxx Xxxxxx Manager, Human Resources ORIGINALLY ISSUED: January 13, 2016 LETTER # 33 - RE: 21.0 Classification Xx. Xxx Xxxxxx Business Representative International Association of Machinists and Aerospace Workers 000 Xxxxx Xxxx, Unit 102 Etobicoke, Ontario M9W 6K1 Dear Xx. Xxxxxx, During recent negotiations the Company and Union had extensive discussions regarding the role of the 21.0 classification. It is understood that to ensure the longevity and competitiveness of AEC, a more flexible workforce is required. The 21.0 classification will evolve within the lifetime of this agreement, with multiple responsibilities. These responsibilities will include but are not limited to, troubleshooting equipment failure, responding to downtime on production lines, and performing preventative maintenance, tooling exchange and repair on equipment with the exception of changes required by other grades (routine tasks). Only personnel who have the appropriate external certification(s) as per Letter #6 will perform these tasks. The Company fully intends to provide its employees adequate training to perform such work. Other classifications will also evolve to support this effort. The Company and the Union have agreed in principal to work together to ensure that this effort supports both the Union’s and Company’s objective of enhanced opportunities for job security. Yours truly, Autoliv Electronics Canada, Inc. Xxxx Xxxxxx Manager, Human Resources ORIGINALLY ISSUED: January 13, 2016 LETTER # 34 – RE: Backup Train Drivers Xx. Xxx Xxxxxx Business Representative International Association of Machinists and Aerospace Workers 000 Xxxxx Xxxx, Unit 102 Etobicoke, Ontario M9W 6K1 Dear Xx. Xxxxxx, During the recent negotiations, the Company and Union had discussions surrounding the selection process of backup train drivers. This letter is intended to clarify this selection process. Both parties acknowledge that this backup pool is essential for ensuring the uninterrupted flow of production at CMM. The backup driver pool exists to fill vacancies when existing train drivers are not available to work during the work week. This pool is not intended as a substitute for regular weekend overtime opportunities. When the need arises to increase headcount in the backup pool, t...
Legal Prohibitions. The execution and delivery of each of the Transaction Documents by the Company, and the performance by the Company of each of its obligations thereunder, shall not violate any Order of any court, arbitrator or Governmental Body or any Statute at the time applicable to the Purchaser.
Legal Prohibitions. The execution and delivery of each of the Transaction Documents by the Purchaser, Medtronic or any Additional Party, and the performance by each of the Purchaser, Medtronic and each Additional Party of each of its obligations thereunder, shall not violate any Order of any court, arbitrator or Governmental Body or any statute at the time applicable to the Company. No Governmental Body shall have enacted, issued, promulgated, enforced or entered any law, rule, regulation, executive order, decree, injunction or other order (whether temporary, preliminary or permanent) which is then in effect and has the effect of making illegal, materially restricting or in any way preventing or prohibiting the Transactions.
Legal Prohibitions. Such purchase shall not violate any Order of any court, arbitrator or Governmental Body or any Statute at the time applicable to the Purchasers.
Legal Prohibitions. None of the transactions contemplated by this Agreement shall be prohibited by any Applicable Law (defined below), and the consummation of such transactions shall not subject Equisition to any penalty, liability or onerous condition under or pursuant to any Applicable Law. "Applicable Law" means, with respect to any Person, all provisions of constitutions, statutes, rules, regulations, rulings, ordinances, codes, requirements and orders of governmental bodies or regulatory agencies applicable to or affecting such Person, and all orders, decisions, judgments and decrees of all courts and arbitrators in proceedings or actions to which the Person is a party or by which it (or any of its property) is bound.
