Common use of Withdrawal of Deposited Securities Clause in Contracts

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon Upon surrender of this Receipt and payment of the fee of the Depositary provided for in paragraph (i7) a certificated ADR in a form satisfactory of this Receipt at the Depositary's Office or at such other offices as it may designate, subject to the Depositary at Deposit Agreement and the Transfer Office provisions of or (ii) proper instructions and documentation in governing the case of a Direct Registration ADRDeposited Securities, the Holder hereof is entitled to delivery at, the execution of a certificate of title or other indicia of ownership recognized from time to time under Spanish law and acceptable to the extent Custodian ("Poliza") with respect to such Deposited Securities, in dematerialized form from, the Custodianname of such Holder or upon such Holder's order and the delivery without unreasonable delay at the office of the Custodian to such Holder, or upon such Holder's order, of the Poliza and such Deposited Securities the right to receive which is at the time represented by the ADSs American Depositary Shares evidenced by this ADRReceipt. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Poliza and such Deposited Securities at the Depositary's Office or at such other place as may have been requested by the Holder. Some or all Delivery of the Shares Deposited Securities may be held made by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers certificates or other custodiansindicia of ownership recognized under Spanish law or custom from time to time, and regulations regarding CAVALI do not discriminate between to the extent such Deposited Securities may be represented by certificates or such indicia of ownership. Neither the Depositary nor the Custodian shall deliver Deposited Securities to any person except pursuant to this paragraph (a2) citizens or residents and paragraphs (b11), (14), (16), (18), (19) non-citizens or non-residents of Peru(20). Notwithstanding any other provision of the Deposit Agreement or this ADRReceipt, the Depositary may restrict the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of to Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5)) and applicable laws, commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, at the Custodian's office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR; provided that the Depositary will effect the delivery to such Holder of only that portion of Shares (and any other Deposited Securities relating to such Shares) comprising a whole Share or an integral multiple thereof. At the request, risk and expense of the Holder hereofhereof and to the extent not prohibited under applicable law, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Some or all of the Shares may be held , if it is permitted to do so by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this the Deposit Agreement, CAVALI permits accounts a Holder who wants to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do withdraw Shares must register its identity with the Financial Supervisory Service of Korea before the acquisition of Shares if such registration has not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Perubeen made unless such Holder intends to sell the Shares within three months. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5) and to the provisions of or governing Deposited Securities (including the Company’s Articles of Association (Satzung) as amended from time to time, or applicable law), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, in either case accompanied by such instruments of transfer as the Depositary may reasonably require, the Holder hereof is entitled to delivery atdelivery, as promptly as practicable, (i) to an account designated by such Holder with the CSB or to an institution that maintains accounts with the extent in dematerialized form fromCSB, of the Custodian's Shares and the other Deposited Securities that are eligible for deposit with CSB and (ii) at the office of the Custodian, of any Deposited Securities that are not eligible for deposit with CSB, in each case at the time represented by the ADSs evidenced by underlying this ADR. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities (other than Shares) at the Depositary's Office referred to below or at such other place as may have been requested by the Holder. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) (Certain Limitations to Registration, Transfer etc.), (5) (Liability for Taxes, Duties and Other Charges), (14) (Exoneration) and (517) (Termination), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (ia) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (iib) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's ’s office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR. In the Deposit Agreement the Company has agreed to ensure that each of its share registrar and transfer agent processes Share delivery instructions without any prior input, consent or notice being required from the Company or any of the Company’s other agents. Holders and Beneficial Owners are advised that, to the extent any such share registrar and/or transfer agent refuses to process a Share transfer and/or delivery instruction, the Depositary may immediately terminate this Deposit Agreement in accordance with the provisions of paragraph (16) hereof. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR, provided that the Depositary may deliver Shares prior to the receipt of ADSs for withdrawal of Deposited Securities, including ADSs which were issued under (1) above but for which Shares may not have been received (until such ADSs are actually deposited, "Pre-released Shares") only if all the conditions in (1) above related to such Pre-Release are satisfied). At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon Upon surrender of this Receipt and payment of the fee of the Depositary provided for in paragraph (i) a certificated ADR in a form satisfactory 8) of this Receipt at the Depositary’s Office or at such other offices as it may designate, subject to the Depositary at Deposit Agreement and the Transfer Office provisions of or (ii) proper instructions and documentation in governing the case of a Direct Registration ADRDeposited Securities, the Holder hereof is entitled to the delivery at, as promptly as practicable at the office of the Custodian to such Holder or to the extent in dematerialized form from, the Custodian's office upon such Holder’s order of the Deposited Securities at the time represented by the ADSs American Depositary Shares evidenced by this ADRReceipt. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at the Depositary’s Office or at such other place as may have been requested by the Holder. Some or all Delivery of the Shares Deposited Securities may be held made by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian lawdelivery of certificates to the extent such Deposited Securities may be represented by certificates and, Shares deposited with CAVALI cannot be withdrawn from CAVALI to the extent that the provisions of or governing Deposited Securities make delivery of certificates therefor impracticable, by such delivery as the Depositary may reasonably effect, including, without complying with applicable regulations in Peru. It is expected that a Holder wishing limitation, by transfer of record ownership thereof to hold Shares directly will be required to establish or maintain an account at CAVALI designated by the Holder maintained either by the Company or an accredited intermediary, such as a bank, acting as a registrar for the Deposited Securities. Neither the Depositary nor the Custodian shall deliver Deposited Securities to receive delivery of such Shares. As of the date of any person except pursuant to this Deposit Agreementparagraph (2) or paragraphs (12), CAVALI permits accounts to be held by individuals and entities through brokers (15), (17), (19) or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru21). Notwithstanding any other provision of the Deposit Agreement or this ADRReceipt, the Depositary may restrict the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of to Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) (Certain Limitations to Registration, Transfer etc.) and (5) (Liability of Holder for Taxes, Duties and Other Charges), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (ia) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (iib) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's ’s office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR. As long as each ADS represents a fraction of one Share, ADSs may only be cancelled in multiples of such number of ADSs as will permit whole Shares to be delivered. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Some or The Company agrees to cooperate with the Depositary and to take all actions, and to instruct and cause any registrar of the Shares Deposited Securities to take all such actions, as may be held requested by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian lawDepositary, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing or are otherwise necessary or required, to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As effectuate the withdrawal and transfer of the date Deposited Securities upon any cancellation of this Deposit Agreement, CAVALI permits accounts to be held ADRs by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of PeruHolders and/or beneficial owners thereof. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, in either case accompanied by such instruments of transfer as the Depositary may reasonably require, the Holder hereof is entitled to delivery atdelivery, as promptly as practicable, (i) to an account designated by such Holder with the CSB or to an institution that maintains accounts with the extent in dematerialized form fromCSB, of the Custodian's Shares and the other Deposited Securities that are eligible for deposit with CSB and (ii) at the office of the Custodian, of any Deposited Securities that are not eligible for deposit with CSB, in each case at the time represented by the ADSs evidenced by underlying this ADR. As long as each ADS represents a fraction of one Share, ADSs may only be cancelled in multiples of such number of ADSs as will permit whole Shares to be delivered. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities (other than Shares) at the Depositary’s Office referred to below or at such other place as may have been requested by the Holder. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR, provided that the Depositary may deliver Shares prior to the receipt of ADSs for withdrawal of Deposited Securities, including ADSs which were issued under (1) above but for which Shares may not have been received (until such ADSs are actually deposited, "Pre‑released Shares") only if all the conditions in (1) above related to such Pre-Release are satisfied). At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.

Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), commencing with the time the preliminary stock certificates (certificados provisionales) have been converted into Shares upon surrender of (i) a certificated ADR in a form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in dematerialized form from, the Custodian's ’s office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR, provided that the Depositary may deliver Shares prior to the receipt of ADSs for withdrawal of Deposited Securities, including ADSs which were issued under (1) above but for which Shares may not have been received (until such ADSs are actually deposited, “Pre-released Shares”) only if all the conditions in (1) above related to such Pre-Release are satisfied). At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities at such other place as may have been requested by the Holder. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. Some or all of the Shares may be held by the Custodian through CAVALI S.A. ICLV (“CAVALI”) book-entry settlement system. Under applicable Peruvian law, Shares deposited with CAVALI cannot be withdrawn from CAVALI without complying with applicable regulations in Peru. It is expected that a Holder wishing to hold Shares directly will be required to establish or maintain an account at CAVALI to receive delivery of such Shares. As of the date of this Deposit Agreement, CAVALI permits accounts to be held by individuals and entities through brokers or other custodians, and regulations regarding CAVALI do not discriminate between (a) citizens or residents and (b) non-citizens or non-residents of Peru. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. J.X.Xxxxxx.