Deposit definition
Examples of Deposit in a sentence
Notwithstanding anything contained in the Deposit Agreement to the contrary, any ADR or any present or future provisions of the laws of the State of New York, the rights of holders of Shares and of any other Deposited Securities and the obligations and duties of the Company in respect of the holders of Shares and other Deposited Securities, as such, shall be governed by the laws of the United Mexican States (or, if applicable, such other laws as may govern the Deposited Securities).
The obligations of Holders and Beneficial Owners to pay ADS fees and charges shall survive the termination of the Deposit Agreement.
Within one Business Day of the Execution Date, Northern shall deliver to the Escrow Agent, by wire transfer in immediately available funds to an account designated by Earthstone in writing, an amount equal to the Northern Share of the Deposit (such amount, the “Northern Initial Payment”).
The Depositary and its agents shall not be liable for any failure to carry out any instructions to vote any of the Deposited Securities, or for the manner in which any vote is cast or the effect of any vote, provided that any such action or omission is in good faith and without negligence and in accordance with the terms of the Deposit Agreement.
The Depositary shall hold and/or distribute any unsold balance of such property in accordance with the provisions of the Deposit Agreement.