Common use of LIABILITY OF OWNER FOR TAXES Clause in Contracts

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or other governmental charge shall be payable by the Owner hereof to the Depositary. The Depositary may refuse to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof any part or all of the Deposited Securities represented by this 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, the Owner hereof remaining liable for any deficiency.

Appears in 9 contracts

Samples: Deposit Agreement (Mitsubishi Ufj Financial Group Inc), Deposit Agreement (Rio Tinto LTD), Deposit Agreement (Bank of New York / Adr Division)

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LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented herebyby any Receipt, such tax or other governmental charge shall be payable by the Owner hereof of such Receipt to the Depositary. The Depositary may refuse to effect any transfer of this such Receipt or any withdrawal of Deposited Securities represented hereby thereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof any part or all of the Deposited Securities represented by this 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, the Owner hereof of such Receipt remaining liable for any deficiency.

Appears in 8 contracts

Samples: Deposit Agreement (Mitsubishi Ufj Financial Group Inc), Deposit Agreement (Allied Irish Banks PLC), Deposit Agreement (Mitsubishi Ufj Financial Group Inc)

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented herebyby any Receipt, such tax or other governmental charge shall be payable by the Owner hereof of such Receipt to the Depositary. The Depositary may refuse to effect any transfer of this such Receipt or any withdrawal of Deposited Securities represented hereby thereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof thereof any part or all of the Deposited Securities represented by this 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, charge and the Owner hereof remaining of such Receipt shall remain liable for any deficiency.

Appears in 4 contracts

Samples: Deposit Agreement (Senetek PLC /Eng/), Deposit Agreement (Glaxosmithkline PLC), Deposit Agreement (Senetek PLC /Eng/)

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or other governmental charge shall be payable by the Owner hereof to the Depositary. The Depositary may refuse to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof any part or all of the Deposited Securities represented by this 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, charge and the Owner hereof remaining shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Senetek PLC /Eng/), Deposit Agreement (Glaxosmithkline PLC), Glaxosmithkline PLC

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or other governmental charge shall be payable by the Owner hereof to the Depositary. The Depositary may refuse to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof any part or all of the Deposited Securities represented by this 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, charge and the Owner hereof remaining shall remain liable for any deficiency.

Appears in 3 contracts

Samples: Deposit Agreement (Luxottica Group Spa), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

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LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or other governmental charge shall be payable by the Owner hereof to the Depositary. The Depositary may refuse to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof any part or all of the Deposited Securities represented by this 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, the Owner hereof remaining liable for any deficiency. 5.

Appears in 2 contracts

Samples: Mitsubishi Tokyo Financial Group Inc, Mitsubishi Ufj Financial Group Inc

LIABILITY OF OWNER FOR TAXES. If any tax or other governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or other governmental charge shall be payable by the Owner hereof to the Depositary. The Depositary may refuse to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented hereby until such payment is made, and may withhold any dividends or other distributions, or may sell for the account of the Owner hereof any part or all of the Deposited Securities represented by this Receipt, and may apply ap­ply such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge, the Owner hereof remaining liable for any deficiency.

Appears in 1 contract

Samples: Bank of New York / Adr Division

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