Common use of Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Stock Clause in Contracts

Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Stock. (a) Upon surrender of a Receipt or Receipts at the Depositary's Office or at such other offices as it may designate for the purpose of effecting a split-up or combination of such Receipt or Receipts, the Depositary shall execute and deliver a new Receipt or Receipts to the holder thereof or to such holder's order in the denominations requested, evidencing the aggregate number of Depositary Shares evidenced by the Receipt or Receipts surrendered. The Depositary shall give prompt notice of such action and the certificate numbers to the Registrar for the purpose of recording such split-up or consolidation.

Appears in 3 contracts

Samples: Deposit Agreement (S&t Bancorp Inc), Deposit Agreement (Fifth Third Capital Trust Iv), Deposit Agreement (M&t Bank Corp)

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Split-ups and Combinations of Receipts; Surrender of Receipts and Withdrawal of Stock. (a) Upon surrender of a Receipt or Receipts at the Depositary's ’s Office or at such other offices as it may designate for the purpose of effecting a split-up or combination of such Receipt or Receipts, the Depositary shall execute and deliver a new Receipt or Receipts to the holder thereof or to such holder's ’s order in the denominations requested, evidencing the aggregate number of Depositary Shares evidenced by the Receipt or Receipts surrendered. The Depositary shall give prompt notice of such action and the certificate numbers to the Registrar for the purpose of recording such split-up or consolidation.

Appears in 1 contract

Samples: Deposit Agreement (S&t Bancorp Inc)

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