Prescribed Time definition
Examples of Prescribed Time in a sentence
The Subscriber shall ensure that the Share Delivery Number of Shares is Delivered to the Custody Account by it or on its behalf free and clear of all liens before the Prescribed Time; and, subject to the terms of the relevant CDR subscription agreement, the Depositary shall cause the CDR Subscription Number of CDRs to be issued to the Subscriber on or after the CDR Ratio Adjustment Time on the Issuance Date following completion of such Delivery of Shares.
The Depositary may also, in its sole discretion, charge each Withdrawing Holder a fee for each cancellation of CDRs and withdrawal of Shares pursuant to Section 2.5 (Surrender of Canadian Depositary Receipts and Withdrawal of Deposited Securities) in an amount not to exceed to 0.20% of the value of the related CDRs as of the day of the cancellation request, such amount being due and payable prior to the Prescribed Time.
In order to complete a subscription under this Deposit Agreement, the Subscriber must confirm the terms of the CDR subscription agreement and specify the CDR Subscription Number prior to the Prescribed Time.
The Surrender by Delivery of CDRs shall be deemed to have been made only after the CDR Ratio Adjustment Time on the Scheduled Withdrawal Date and upon the applicable Withdrawing Holder satisfying all conditions for the withdrawal prior to the Prescribed Time.
The Depositary may in its sole discretion charge each Subscriber a fee for each subscription pursuant to Section 2.1 (Deposits of Shares) in an amount not to exceed to 0.20% of the value of the related CDRs as of the day of the subscription, such amount being due and payable prior to the Prescribed Time.