Common use of LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES Clause in Contracts

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any ---------------------------------------------- tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other governmental charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other governmental charge shall be payable by the Owner hereof to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends or other distributions of the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof shall remain liable for any deficiency.

LIABILITY OF OWNER FOR TAXES AND OTHER CHARGES. If any tax or other charge shall become payable with respect to any Receipts or any Underlying Securities represented thereby, such tax or other charge shall be payable by the Owner hereof of such Receipts to the Trustee. The Trustee shall refuse to effect any registration of transfer of such Receipts or any withdrawal of Underlying Securities represented by such Receipt until such payment is made, and may withhold any dividends dividends, interest payments or other distributions, or may sell for the account of the Owner hereof thereof Underlying Securities constituting any multiples of the securities which must be deposited for issuance of Receipts, and may apply such dividends dividends, interest payments or other distributions of or the proceeds of any such sale in payment of such tax or other charge (including any charge or fee payable hereunder to the Trustee) and the Owner hereof of such Receipt shall remain liable for any deficiency.