Common use of Cancellation and Destruction of ADRs Clause in Contracts

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices.

Appears in 111 contracts

Sources: Deposit Agreement, Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary), Deposit Agreement (NaaS Technology Inc.)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled canceled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled canceled in accordance with its customary practices.

Appears in 8 contracts

Sources: Deposit Agreement, Deposit Agreement (Citibank,N.A./ADR), Deposit Agreement (Shire Ltd.)

Cancellation and Destruction of ADRs. All The Depositary shall cancel all ADRs surrendered to the Depositary shall be cancelled by the Depositaryit. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practicespractices of stock transfer agents in The City of New York.

Appears in 5 contracts

Sources: Deposit Agreement (JPMorgan Chase Bank, N.A. - ADR Depositary), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Osterreichische Elektrizitatswirtschafts /Fi)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices.

Appears in 5 contracts

Sources: Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Bank of New York / Adr Division), Deposit Agreement (Eisai Co LTD/Adr)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled canceled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled canceled in accordance with its customary practices. The Depositary shall maintain records of all ADRs surrendered and Deposited Securities withdrawn under Paragraph (1) of the Form of ADR, substitute ADRs delivered, and canceled or destroyed ADRs under this Section 7, in keeping with the procedures ordinarily followed by stock transfer agents located in The City of New York or as required by applicable law, rule or regulation.

Appears in 4 contracts

Sources: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (British Airways PLC)

Cancellation and Destruction of ADRs. All The Depositary shall cancel all ADRs surrendered to the Depositary shall be cancelled by the Depositaryit. The Depositary is authorized authorised to destroy ADRs in certificated form so cancelled in accordance with its customary practicespractices of stock transfer agents in The City of New York. Cancelled ADRs shall not be entitled to any benefits under this Agreement or be valid or obligatory for any purpose.

Appears in 3 contracts

Sources: Deposit Agreement (C&c Group PLC), Deposit Agreement (Iona Technologies PLC), Deposit Agreement (Iona Technologies PLC)

Cancellation and Destruction of ADRs. All ADRs surrendered to the ------------------------------------ Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices.

Appears in 2 contracts

Sources: Deposit Agreement (Barbeques Galore LTD), Deposit Agreement (Barbeques Galore LTD)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices.

Appears in 2 contracts

Sources: Deposit Agreement Representing Preference Shares (Fresenius Medical Care AG & Co. KGaA), Deposit Agreement (Fresenius Medical Care AG & Co. KGaA)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices. Cancelled ADRs shall not be entitled to any benefits under this Agreement or be valid or binding for any purpose.

Appears in 2 contracts

Sources: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group), Deposit Agreement (Koninklijke KPN N V)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary shall adjust its records to decrease the number of ADSs evidenced by the applicable Master ADR in respect of all ADSs evidenced thereby surrendered for withdrawal of Deposited Securities upon each such withdrawal. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices.

Appears in 1 contract

Sources: Restricted Deposit Agreement (SouFun Holdings LTD)

Cancellation and Destruction of ADRs. All The Depositary shall cancel all ADRs surrendered to the Depositary shall be cancelled by the Depositaryit for cancellation. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practicespractices of stock transfer agents in The City of New York.

Appears in 1 contract

Sources: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices. The Depositary shall maintain records of all ADRs surrendered and Deposited Securities withdrawn under paragraph (1) of the form of ADR, substitute ADRs delivered, and cancelled or destroyed ADRs under this Section 7, in keeping with the procedures ordinarily followed by stock transfer agents located in The City of New York or as required by applicable law, rule or regulation.

Appears in 1 contract

Sources: Deposit Agreement (National Australia Bank LTD)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled canceled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled canceled in accordance with its customary practices. The Depositary shall maintain records of all ADRs surrendered and Deposited Securities withdrawn under Paragraph (1) of the form of ADR, substitute ADRs delivered, and canceled or destroyed ADRs under this Section 7, in keeping with the procedures ordinarily followed by stock transfer agents located in The City of New York or as required by applicable law, rule or regulation.

Appears in 1 contract

Sources: Deposit Agreement (Reuters Group PLC)

Cancellation and Destruction of ADRs. All ADRs surrendered to the ------------------------------------ Depositary shall be cancelled canceled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled canceled in accordance with its customary practices.

Appears in 1 contract

Sources: Deposit Agreement (Silverline Technologies LTD)

Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices. Cancelled ADRs shall not be entitled to any benefits under this Deposit Agreement or be valid or enforceable for any purpose.

Appears in 1 contract

Sources: Deposit Agreement (Bioprogress PLC)

Cancellation and Destruction of ADRs. All The Depositary shall cancel all ADRs surrendered to the Depositary shall be cancelled by the Depositaryit. The Depositary is authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practicespractices of stock transfer agents in the city of New York.

Appears in 1 contract

Sources: Deposit Agreement (Deutsche Bank Trust Co Americas/ ADR Group)