Old Receipts definition
Examples of Old Receipts in a sentence
No fee shall be charged to the holders of Old Receipts for the exchange for Receipts, except that, in all cases involving a change of ownership, any required transfer taxes or other such charge shall be paid by such holders.
The Depositary agrees to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section 2.6, of substitute Receipts delivered under Section 2.8 and of Receipts cancelled or destroyed under Section 2.9 and Old Receipts exchanged under Section 2.10, in keeping with procedures ordinarily followed by stock transfer agents located in The City of New York.
However, Old Receipts issued prior to the date hereof and outstanding as of the date hereof, which do not reflect the form of Receipt attached hereto as Exhibit A, do not need to be called in for exchange and may remain outstanding until such time as the Owners thereof choose to surrender them for any reason under the Deposit Agreement.
As soon as practicable after the execution of this amended and restated Deposit Agreement, the Depositary shall notify the record holders of Old Receipts (i) of the execution of this amended and restated Deposit Agreement, (ii) that the Old Receipts held by them may be exchanged for Receipts issued hereunder, and (iii) such other information as the Depositary may deem appropriate.
The Depositary may withhold the distribution of dividends having a record date on or after the date of the mailing of such notice to the holders of Old Receipts until such Old Receipts have been exchanged for Receipts issued hereunder.
However, Old Receipts issued prior to the date hereof and outstanding as of the date hereof, which do not reflect the form of Receipt attached hereto as Exhibit A, do not need to be called in for exchange and may remain outstanding until such time as the Holders thereof choose to surrender them for any reason under the Deposit Agreement.
Holders and beneficial owners of Old Receipts, or an interest therein, issued pursuant to the Prior Version Deposit Agreement and outstanding as of the date hereof, shall, from and after the date hereof, be deemed Holders and beneficial owners of Receipts issued pursuant and be subject to all of the terms and conditions of this Deposit Agreement in all respects.
Back to Contents Owners and Beneficial Owners of Old Receipts, or an interest therein, issued pursuant to the Old Deposit Agreement and outstanding as of the date hereof, shall, from and after the date hereof, be deemed Owners and Beneficial Owners of Receipts issued pursuant and be subject to all of the terms and conditions of this Deposit Agreement in all respects.
No fee shall be charged to the holders of Old Receipts for the exchange for Receipts, except that, in all cases involving a change of ownership, any required transfer taxes or other such charges shall be paid by such holders.