Transfer, Combination and Split Sample Clauses
The TRANSFER, COMBINATION AND SPLIT clause defines the rights and procedures for transferring, merging, or dividing contractual rights or obligations under the agreement. In practice, this clause allows a party to assign its interests to another entity, combine its rights with those of another party, or split its obligations among multiple parties, often subject to certain conditions or approvals. Its core function is to provide flexibility in managing contractual relationships, ensuring that the agreement can adapt to changes in business structure or ownership without breaching the contract.
Transfer, Combination and Split. Up of ADRs. The Registrar shall as soon as reasonably practicable register the transfer of this ADR (and of the ADSs represented hereby) on the books maintained for such purpose and the Depositary shall as soon as reasonably practicable (x) cancel this ADR and execute new ADRs evidencing the same aggregate number of ADSs as those evidenced by this ADR when canceled, (y) cause the Registrar to countersign such new ADRs, and (z) Deliver such new ADRs to or upon the order of the person entitled thereto, if each of the following conditions has been satisfied: (i) this ADR has been duly Delivered by the Holder (or by a duly authorized attorney of the Holder) to the Depositary at its Principal Office for the purpose of effecting a transfer thereof, (ii) this ADR has been properly endorsed or is accompanied by proper instruments of transfer (including signature guarantees in accordance with standard securities industry practice), (iii) this ADR has been duly stamped (if required by the laws of the State of New York or of the United States), and (iv) all applicable fees and charges of, and expenses incurred by, the Depositary and all applicable taxes and governmental charges (as are set forth in Section 5.9 of, and Exhibit B to, the Deposit Agreement) have been paid, subject, however, in each case, to the terms and conditions of this ADR, of the Deposit Agreement and of applicable law, in each case as in effect at the time thereof. The Registrar shall as soon as reasonably practicable register the split-up or combination of this ADR (and of the ADSs represented hereby) on the books maintained for such purpose and the Depositary shall (x) cancel this ADR and execute new ADRs for the number of ADSs requested, but in the aggregate not exceeding the number of ADSs evidenced by this ADR (when canceled), (y) cause the Registrar to countersign such new ADRs, and (z) Deliver such new ADRs to or upon the order of the Holder thereof, if each of the following conditions has been satisfied: (i) this ADR has been duly Delivered by the Holder (or by a duly authorized attorney of the Holder) to the Depositary at its Principal Office for the purpose of effecting a split-up or combination hereof, and (ii) all applicable fees and charges of, and expenses incurred by, the Depositary and all applicable taxes and government charges (as are set forth in Section 5.9 of, and Exhibit B to, the Deposit Agreement) have been paid, subject, however, in each case, to the terms and conditions o...
Transfer, Combination and Split. UP OF ADRS; SUBSTITUTION OF ADRS; CANCELLATION AND DESTRUCTION OF ADRS; MAINTENANCE OF RECORDS
Transfer, Combination and Split. UP OF ADRS; SUBSTITUTION OF ADRS; CANCELLATION AND DESTRUCTION OF ADRS; MAINTENANCE OF RECORDS...............................................8 6. DISTRIBUTIONS: CONVERSION OF FOREIGN CURRENCY WITHHOLDING............10 7. CUSTODIAN.............................................................16 8. DEPOSITARY'S AGENTS...................................................17 9.
Transfer, Combination and Split. UP OF ADRS; SUBSTITUTION OF ADRS;
Transfer, Combination and Split. UP OF ADRs Subject to the terms and conditions of this Agreement, the Depositary shall, upon surrender of an ADR or ADRs in form satisfactory to the Depositary at the Depositary's Office (a) for the purpose of transfer, if such ADRs are accompanied by such instruments of transfer as the Depositary may require and are stamped as may be required by law, register the transfer of such ADRs on the Register and execute and deliver new ADRs to or upon the order of the person entitled thereto; and (b) for the purpose of effecting a split-up or combination, execute and deliver a new ADR or ADRs in such denominations as may be requested, evidencing the same aggregate number of ADRs as the ADRs surrendered.
Transfer, Combination and Split up of ADRs 11