Class A ADS definition

Class A ADS means one American depositary share of the Company duly and validly issued against the deposit with the depositary of an underlying Class A Share.
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Class A ADS has the meaning given in the Recitals.
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Examples of Class A ADS in a sentence

  • Subject to the terms and conditions set forth in this Agreement, the Company shall sell and cause the Depositary to issue to the Purchaser, and the Purchaser shall purchase from the Company, the Purchased ADSs at a per Class A ADS price equal to the Company Trading Price.

  • Every issued VIH Class B Ordinary Share will convert into one VIH Class A Ordinary Share on a one-for-one basis (the “VIH Share Recapitalization”) and, immediately thereafter, every issued VIH Class A Ordinary Share (other than those described in Section 2.06(d)) shall automatically be cancelled and cease to exist in exchange for one (1) Holdco Class A Ordinary Share (in the form of one Holdco Class A ADS).

  • The ListCo ADS Agent shall distribute the ListCo Class A ADSs to the ListCo Class A ADS Recipients and the ListCo Class C-1 ADSs and ListCo Class C-2 ADSs to the ListCo Class C-1 ADS Recipients and the ListCo Class C-2 ADS Recipients, respectively, or the ListCo AD Warrant to the ListCo AD Warrant Recipients, as applicable, in accordance with this Section 2.04 and the Deposit Agreement.

  • The ADS Agent shall not be entitled to vote or exercise any rights of ownership with respect to Holdco Class A ADSs held by it from time to time hereunder, except that it shall receive and hold all dividends or other distributions paid or distributed with respect thereto for the account of Holdco Class A ADS holders entitled thereto.