Common use of Liability of Holders for Taxes Clause in Contracts

Liability of Holders for Taxes. If any tax or other governmental charge shall become payable with respect to any Receipt or with respect to any Deposited Securities represented by American Depositary Shares evidenced by any Receipt, such tax or other governmental charge shall be payable by the Holder of such Receipt to the Depositary. The Depositary may refuse to effect any transfer of such Receipt or any combination or split-up thereof or any withdrawal of Deposited Securities represented by American Depositary Shares evidenced thereby until such payment is made, and may withhold any dividends or other distributions or may sell any part or all of the Deposited Securities represented by American Depositary Shares evidenced by such Receipt and may apply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), the Holder of such Receipt remaining liable for any deficiency.

Liability of Holders for Taxes. If any tax or other governmental charge shall become payable with respect to any Receipt or with respect to any Deposited Securities Securi­ties represented by American Depositary Shares evidenced by any Receipt, such tax or other governmental governmen­tal charge shall be payable by the Holder of such Receipt to the Depositary. The Depositary may refuse to effect ef­fect any transfer of such Receipt or any combination or split-up thereof or any withdrawal of Deposited Securities Secu­rities represented by American Depositary Shares evidenced thereby by such Receipt until such payment is made, and may withhold any dividends or other distributions distributions, or may sell for the account of the Holder thereof any part or all of the Deposited Securities Securi­ties represented by the American Depositary Shares evidenced by such Receipt Receipt, and may apply such dividends or other distributions distri­butions or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of such sale), the Holder of such Receipt remaining liable Re­ceipt shall remain li­able for any deficiency.