ADR Facility definition

ADR Facility means an ADR facility established by the company with a depository bank to hold any equity shares as established pursuant to a deposit agreement and subsequently as amended or replaced from time to time.

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ADR Facility means the ADR facility with the Depositary Bank as established pursuant to the Deposit Agreement and subsequently as amended or replaced from time to time.

ADR Facility a facility for exchanging Newco Ordinary Shares for American depositary receipts suitable for listing on the Exchange in form and substance satisfactory to Grace and Fresenius AG.

Examples of ADR Facility in a sentence

Notwithstanding the above, and provided that the Company has completed the ADR Facility, any rounding as a result of fractional amounts shall be with respect to ADSs and not Ordinary Shares..
Implementation of ADR Facility shall be deemed completed when the Company’s Registration Statement filed with the Commission with respect to ADSs of the Company is declared effective by the Commission.
Following the formation of the ADR Facility, and for as long as any Warrant is outstanding (and for a period of 6 months thereafter), the Company agrees to maintain the eligibility of the Ordinary Shares for electronic transfer through the Depository Trust Company or another established clearing corporation, including, without limitation, by timely payment of fees to the Depository Trust Company or such other established clearing corporation in connection with such electronic transfer.
On or before the seven-month anniversary of the Closing Date, the Company agrees to have in place a Level II American Depositary Receipts facility (“ADR” and "ADR Facility", respectively) on NASDAQ or the New York Stock Exchange (NYSE).
Without obtaining the Foreign Investor Investment I.D. and opening such Accounts, the withdrawing Holder would be unable to hold or subsequently sell the Deposited Securities withdrawn from the ADR Facility on the TSE or otherwise.

More Definitions of ADR Facility

ADR Facility shall have the meaning set forth in Section 5.15(a).

ADR Facility means an ADR facility with the Depositary Bank established by the Company to hold the Subscribed Shares, and any Equity Shares of any other Shareholders, as established pursuant to the Deposit Agreement and subsequently as amended or replaced from time to time.

ADR Facility has the meaning set forth in Section 2.7(a).

ADR Facility has the meaning set forth in Section ‎5.24(a).

ADR Facility has the meaning specified in Section 2.04(a).

ADR Facility shall have the meaning ascribed to such term in the Business Combination Agreement.

ADR Facility the Depositary will deliver Offeror ADSs to the holders of Receipts upon surrender of Receipts by such holders. It is hereby acknowledged that during the period beginning at the Offer Expiration Date until the time the Offeror ADSs are delivered to the Depositary pursuant to the settlement of the Offer, it will not be possible for the Depositary to deliver any Exchange Securities against surrender of Receipts. Cash in lieu of fractional Offeror ADSs, if any, will subsequently delivered by the Depositary."